R/€ = 16.94 Change: -0.02
R/$ = 16.23 Change: -0.14
Au 1818.84 $/oz Change: -7.93
Pt 918.05 $/oz Change: 2.55

Gold News

Botswana’s only gold mine changes hands

27th May 2022 Gold ore mining company Galane Gold announced earlier this month that it had completed the sale of its Mupane gold mine in Botswana to majority citizen-owned company Hawks Mining Company. Mupane gold mine, located about 30 km southeast of Francistown city, is the only gold mine currently in... 

South Africa must reform its regulatory environment, make itself investor-friendly – simple  

By: Martin Creamer     26th May 2022 South Africa must reform its regulatory environment and make itself investor-friendly – simple. That is the straight-forward view of Dr Mathews Phosa, who was speaking to Mining Weekly in his capacity as the non-executive vice-chairperson of the high-flying Jubilee Metals Group plc, a London Aim-... 

Picture supplied
Jubilee's Dr Mathews Phosa interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Aton starts 5 000 m drilling programme at Hamama West

By: Donna Slater     26th May 2022 TSX-V-listed gold explorer Aton Resources started reverse circulation drilling at its Hamama West gold/silver project on May 25 as part of a programme expected to take between two to three months to complete. Located in the company’s fully-owned Abu Marawat concession, in the Eastern Desert of... 

Sierra Madre buys La Guitarra from First Majestic

By: Creamer Media Reporter      26th May 2022 TSX-V-listed Sierra Madre Gold and Silver on Wednesday announced that it would buy the high-grade, past-producing underground La Guitarra silver/gold mine, in Mexico, from First Majestic Silver. The fully permitted La Guitarra mine and 500 t/d mill would advance Sierra Madre’s goal towards... 

Several dead in fighting between miners in north Chad, govt says

By: Reuters     26th May 2022 Deadly clashes have broken out between gold miners in north Chad, the interim government said on Wednesday, as a local rebel group's unconfirmed report of at least 200 fatalities in the area circulated on social media. The violence broke out at an informal gold mining site in the mountainous... 

Biden plan would block Pebble gold mine in Alaska’s Bristol Bay

By: Bloomberg     26th May 2022 The Biden administration on Wednesday is outlining new pollution restrictions that would thwart a long-stalled plan to mine for gold near Alaska’s Bristol Bay. Under the proposed requirements, the Environmental Protection Agency would broadly bar developers of the planned Pebble mine from... 

Biden plan would block Pebble gold mine in Alaska’s Bristol Bay

Luke Norman appointed US Gold chair

By: Creamer Media Reporter      26th May 2022 Exploration and development company US Gold cofounder Luke Norman has been appointed chairperson of the company, following a board resolution to increase its size from five to six members. George Bee, who has held the chairperson position since March 2021, will remain as president and CEO of US... 

Canada's B2Gold makes a play for Oklo

By: Esmarie Iannucci     26th May 2022 TSX- and NYSE-listed B2Gold has made a play for ASX-listed Oklo Resources, offering A$0.1725 for each Oklo share held, valuing the company at A$90-million. The board of Oklo has unanimously recommended the takeover offer, which consists of 0.0206 B2Gold shares per Oklo share and A$0.0525 cash... 

Image shows two hands greeting

Hydrogen can be stored in existing fossil fuel infrastructure for years, world webinar hears  

By: Martin Creamer     26th May 2022 Hydrogen can be stored in existing fossil fuel infrastructure for years if need be, giving it the potential to become a universal energy carrier in the same way as oil is now but without the environmental impact, World Hydrogen Leaders webinar heard this week. Allowing hydrogen to make use of... 

Picture provided.
Hydrogenious LOHC Technologies strategy and implementation head Dr Andreas Lehmann.

Platinum-boosted South African hydrogen electrolyser leaps ahead   

By: Martin Creamer     25th May 2022 The proof-of-concept of the platinum group metals-boosted advanced alkaline electrolyser – the AAE ­– has been successfully completed by Hydrox Holdings of Randburg in a pioneering achievement that offers the potential for South Africa to enter the fray as world demand for hydrogen electrolysers... 

Creamer Media photographer.
Hydrox CEO Corrie de Jager interviewed by Mining Weekly’s Martin Creamer.

Cariboo has an attractive production profile, says Osisko Development

By: Creamer Media Reporter      25th May 2022 Canada-based Osisko Development is proceeding to a feasibility study at its flagship Cariboo project, in central British Columbia, following the completion of a preliminary economic assessment (PEA). The PEA provides an attractive potential gold production profile of about 297 000 oz/y when... 

Karora puts milling bottlenecks in rear-view mirror with A$80m acquisition

By: Mariaan Webb     25th May 2022 Toronto-listed Karora Resources on Tuesday announced the A$80-million acquisition of the one-million-tonne-a-year Lakewood Mill gold processing facility, about 60 km from the Beta Hunt mine, in Western Australia. Chairperson and CEO Paul Andre Huet described the acquisition as a... 

Tomingley hits production milestone

By: Esmarie Iannucci     25th May 2022 Gold miner Alkane Resources has poured its 500 000th ounce of gold at its Tomingley operation, in New South Wales. “Pouring our 500 000th ounce is a significant milestone that provides a fitting testament to the teams that have worked on the Tomingley gold project and operations since the days... 

Image shows a molten gold pour

Gold Fields on track with ESG initiatives

By: Tasneem Bulbulia     24th May 2022 Gold producer Gold Fields has provided comprehensive environmental, social and governance (ESG) information through a number of recently released reports and presentations. The company says these address the increased data and information expectations of its stakeholders, including its... 

African Pioneer starts Ongombo drilling, historic core re-sampling

By: Donna Slater     24th May 2022 Explorer and developer African Pioneer has started a 25- to 30-hole shallow diamond drilling programme on the Ongombo project in Namibia, with six holes thus far intersecting “encouraging” sulphide mineralisation with chalcopyrite at shallow depths. With projects also in Botswana and Zambia,... 

Ghanaian Vice President Bawumia to speak at this year’s Wampex

By: Darren Parker     24th May 2022 Ghanaian Vice President Dr Mahamudu Bawumia will be speaking at the upcoming West African Mining and Power Exhibition (Wampex) at the Accra International Convention Centre, Ghana, which will take place from June 1 to 3. “Looking towards the future of mining in West Africa and across the... 


Dwyka gets its clients hands on technology to showcase capability

By: Donna Slater     24th May 2022 In its endeavours to “make tech tangible”, mining technology company Dwyka Mining Services hosted a mining technology showcase on May 18 to get clients and potential future clients physical hands-on technology to help them understand its capability and potential. Dwyka MD Jamie van Schoor says... 

An image of a drone and operator
Dwyka Mining Services MD Jamie van Schoor with a DJI Matrice drone and Hovermap payload at Dwyka's Midrand offices

Osisko Development to list in New York

By: Creamer Media Reporter      24th May 2022 The shares of North American gold mining company Osisko Development will start trading on the NYSE on Friday, the company has announced. Osisko Development, which was spun out of Osisko Gold Royalties in 2020, will retain its listing on the TSX-V. 

Kingsgate secures refinery for Chatree ore

By: Esmarie Iannucci     24th May 2022 The restart of the Chatree gold mine, in Thailand, has progressed further, with owner Kingsgate Consolidated announcing the appointment of a refiner to process gold and silver ore produced from the mine. Kingsgate on Tuesday announced that Precious Metal Refining Company (PMR) had been appointed... 

Westgold CEO steps down

By: Esmarie Iannucci     24th May 2022 Gold miner Westgold Resources has announced the immediate resignation of CEO Debbie Fullarton, who will be pursuing other opportunities after four years with the company. Wayne Bramwell has been appointed to the role of MD effective immediately, while the separate role of CEO has been terminated. 

Shanta’s West Kenya drilling programme identifies exceptional high-grade areas

By: Tasneem Bulbulia     23rd May 2022 Aim-listed Shanta Gold’s last phase of drilling at the West Kenya project, in Kenya, has continued to deliver “outstanding” results, ensuring that this remains the most consistently high-grade drilling programme that the company has ever conducted at any asset in Shanta’s history, CEO Eric Zurrin... 

An image showing visible gold from Shanta Gold's drilling programme
Visible gold

NUM calls for Sibanye’s gold mining rights to be revoked 

By: Darren Parker     23rd May 2022 The National Union of Mineworkers (NUM) has urged Mineral Resources and Energy Minister Gwede Mantashe to act immediately against diversified miner Sibanye-Stillwater by revoking its mining rights in the South African gold sector. Section 47 of the Mineral and Petroleum Resources Development Act... 

Sibanye-Stillwater CEO Neal Froneman
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Akobo confident its Segele mine will generate $50m in free cash flow in two years

By: Marleny Arnoldi     23rd May 2022 Ethiopia-focused gold miner Akobo Minerals has declared an inaugural cash flow estimate for the Segele mine of $42-million in 2023 and $15.1-million in 2024. The mine is on track to start producing gold early in 2023.  

Newcrest takes the next step at Wilki

By: Esmarie Iannucci     23rd May 2022 Gold miner Newcrest Mining will assume management of a farm-in agreement with ASX-listed Antipa Minerals over the Wilki project, in Western Australia. Newcrest has already spent A$6-million on exploration at the project under a farm-in agreement with Antipa, and will now spend a further... 

Platinum jewellery continuing to drive 25% of platinum demand  

By: Martin Creamer     20th May 2022 Several reports published during Platinum Week indicate that in 2021, platinum jewellery consumed anywhere between 1.6-million ounces to two-million ounces of platinum, which makes it still the second demand source after automotive, coming in at around 25% of total platinum demand. Positive... 

Picture supplied.
Platinum Guild International CEO Huw Daniel interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Gold Fields confirms enviro compliance work under way at Salares Norte following fox deaths

By: Marleny Arnoldi     20th May 2022 JSE- and NYSE-listed Gold Fields has confirmed that the death of three foxes occurred at its Salares Norte gold/copper project, in Chile. The country’s environmental regulator has since issued some compliance orders to be adhered to.  

Gold Fields' Salares Norte project under construction
Gold Fields' Salares Norte project under construction

Harmony appoints Nqwababa, Prinsloo to its board

By: Marleny Arnoldi     20th May 2022 JSE-listed gold miner Harmony Gold has appointed Bongani Nqwababa and Martin Prinsloo to the board as independent nonexecutive directors, as well as audit and risk committee members, effective May 18. The two chartered accountants bring to the board an extensive and diverse record of... 

Harmony nonexec director Bongani Nqwababa
Photo by Creamer Media
Incoming Harmony nonexec director Bongani Nqwababa

Sibanye-Stillwater receives SA Innovation League award

By: Schalk Burger     20th May 2022 Precious and battery metals miner Sibanye-Stillwater has achieved second place in innovation consultancy Innocentrix’s 2021/22 South African Innovation League awards in the large organisations category. Sibanye’s innovation strategy is focused primarily on creating a diverse and inclusive... 

US Gold Corp reaffirms commitment to local procurement in Wyoming

By: Schalk Burger     20th May 2022 US gold exploration and development company US Gold Corp has reaffirmed its commitment to supporting economic growth in southeast Wyoming through the hiring of local contractors and engaging businesses within the area for its advanced-stage CK Gold gold and copper project. The company has... 

Gold Fields subsidiary plans to buy stock in Peru-focused mining company

By: Marleny Arnoldi     20th May 2022 TSX-V-listed Chakana Copper Corporation has announced a private placement of up to 63-milllion units of the company at a price of C$0.11 apiece, for gross proceeds of up to C$7-million. Each unit will comprise one common share in the capital of the company and one-half of one common share... 

EIA for Atico's La Plata project approved

By: Creamer Media Reporter      20th May 2022 Base and precious metals miner Atico Mining Corporation has received approval of the environmental-impact assessment (EIA) for the construction and operation of its La Plata mining project in Ecuador. The company notes that the project has been identified by Ecuador President Guillermo Lasso as a... 

Payouts from top Russian gold miner to fund Islamic charity after sanctioned billionaire exits

By: Bloomberg     20th May 2022 Russia’s top gold miner Polyus PJSC -- long controlled by the family of sanctioned billionaire Suleiman Kerimov -- will be used to fund charity work after an Islamic foundation became its biggest shareholder. Last week, Said Kerimov -- son of the billionaire first sanctioned by the US in 2018 --... 

Perseus settles Orca buy

By: Esmarie Iannucci     20th May 2022 Gold miner Perseus Mining has completed the acquisition of TSX-V-listed Orca Gold Inc. Perseus, which held an initial 15% interest in Orca, offered its shareholders 0.56 Perseus shares for every Orca share held, with the total consideration paid for Orca estimated at C$215-million, including... 

Copper miner ranked sixth-largest producer globally

20th May 2022 TSE-listed global metals and mining company First Quantum Mineral (FQM), which operates the Kansanshi mine and smelter, in Solwezi, and the Sentinel mine, in Kalumbila, in Zambia’s North-Western province, has been ranked the sixth-largest copper producer in the world. Mining commodities data... 

An image of the Sentinel mine
Photo by First Quantum Minerals
CURTAILED COPPER CROP Sentinel’s copper production of 52 475 t for the first quarter of this year was 7 722 t lower than the fourth quarter of 2021, while Kansanshi’s copper production of 41 899 t was about 10 000 t lower

Cobalt development an exciting prospect

By: Tracy Hancock     20th May 2022 While copper is still the main commodity driving reagent demand in Zambia, mining reagent manufacturer and supplier Axis House MD Justine Stubbs is also excited by the prospects presented by the country’s largely unexplored and unexploited cobalt reserves. Along with copper, of which Zambia is... 

An image of Axis House's laboratory with a chemical reaction occurring in the foreground
MARKET DEMANDS There has been a big drive to reduce the hazardous nature of reagents

Significant infrastructure agreement signed

20th May 2022 Project management firm GED Africa, the Democratic Republic of Congo (DRC) Ministry of Infrastructure, and DRC building firm Agence Congolaise des Grands Travaux finalised the 25-year concession agreement (CA) outlining the infrastructure development requirements of the DRC segment of the GED... 

An image of GED Africa Tamás Jászberényi and DRC Infrastructure Minister Gizaro Muvuni Alexis shaking hands during the signing ceremony
ROUTE TO DEVELOPMENT The signing of the concession agreement between GED Africa and DRC Ministry of Infrastructure is a step towards creating trading links to Zambia and the international Port of Dar es Salaam to support sectoral development in mining and agriculture

UBS advises gold investors to manage downside risks for the second half of 2022

By: Darren Parker     19th May 2022 Although investment bank UBS Global Wealth Management strategists Wayne Gordon and Dominic Schnider have guided investors to hold gold as a long-term hedge to avoid adding or building up additional exposure, they have acknowledged the downside risks to forecasts for the second half of this year... 

Gold bars

Barrick extends facility, establishes sustainability-linked metrics

By: Mariaan Webb     19th May 2022 Global bullion producer Barrick Gold on Thursday announced that it had extended its undrawn $3-billion revolving credit facility by one year to May 2027 and that sustainability-linked metrics had been incorporated into the facility. The metrics were made up of yearly environmental and social... 

Barrick CFO Graham Shuttleworth
Barrick CFO Graham Shuttleworth
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