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Madsen restart on track for 2025 as West Red Lake shores up C$68m
Madsen restart on track for 2025 as West Red Lake shores up C$68m
18th October 2024 By: Mariaan Webb

The Madsen gold mine, in Ontario, is set for a 2025 restart as owner West Red Lake has secured financing to recommence production. The TSX-V-listed company has secured commitments totalling more... 


The Kiena Gold Complex
Wesdome Gold gaining momentum
18th October 2024 By: Creamer Media Reporter

Canadian miner Wesdome Gold is on track to achieve the midpoint of its guidance of 160 000 oz to 180 000 oz, thanks to increasing operational momentum. The company on Thursday reported a strong... 


Spot gold tops $2 700 as metal extends its record-breaking run
Spot gold tops $2 700 as metal extends its record-breaking run
18th October 2024 By: Bloomberg

Gold topped $2 700 an ounce for the first time, as an escalating conflict in the Middle East saw traders flock to safety. Bullion reached climbed as much as 0.3% to $2 700.47/oz, after Israel said... 


Magazine cover image
Digitalisation seen as key to bolstering fight against illicit gold trade
18th October 2024 By: Nadine James

The integrity of the global gold supply chain has been the subject of intense scrutiny of late, following a damning report by Swiss nongovernmental organisation SwissAid earlier this year, which... 


Gold rallies to record with tight US election and data in focus
Gold rallies to record with tight US election and data in focus
17th October 2024 By: Bloomberg

Gold climbed to a record ahead of US data prints due later Thursday, with traders also monitoring an increasingly tight presidential race that’s driven demand for haven assets. Bullion climbed as... 


An image showing the Sukari mine
Centamin lifts production, sales in the third quarter
17th October 2024 By: Tasneem Bulbulia

TSX- and LSE-listed Centamin increased production at its flagship Sukari mine, in Egypt, by 30% year-on-year to 131 726 oz in the quarter ended September 30, taking output for the nine months to... 


The Cortez mine is part of the NGM complex
Capital maintains full-year revenue guidance
17th October 2024 By: Creamer Media Reporter

London-listed mining services company Capital has reported a 17.6% year-on-year increase in revenue to $93.7-million for the third quarter and is maintaining its full-year revenue guidance at... 


DRDGOLD lifts first-quarter output, sales
17th October 2024 By: Tasneem Bulbulia

JSE- and NYSE-listed DRDGOLD’s production for the quarter ended September 30 increased by 7% quarter-on-quarter to 1 319 kg (42 407 oz), primarily owing to a 13% increase in tonnage throughput,... 


Plant optimisations resulted in a significantly improved performance at  at Pueblo Viejo.
Barrick reports Q3 results, eyes strong finish to 2024
16th October 2024 By: Creamer Media Reporter

NYSE- and TSX-listed Barrick Gold on Wednesday released its preliminary production figures for the third quarter of 2024, revealing gold production of 943 000 oz and copper production of 48 000 t.... 


Record gold price sees Nexus dust off Pinnacles JV study
16th October 2024 By: Mariaan Webb

Australia’s Nexus Minerals is revisiting the Pinnacles joint venture (JV) gold project, in the Eastern Goldfields of Western Australia, in light of the current high gold prices. The previously... 


Aurum-Mako merger creates West African gold firm
16th October 2024 By: Mariaan Webb

Australia-listed Aurum Resources and Mako Gold have announced an agreement to merge, creating an emerging exploration and development gold business in West Africa. The merged company will have two... 


South Africa's Lion ferrochrome operation.
South Africa remains attractive mining investment destination, China hears
16th October 2024 By: Martin Creamer

The  South African mining industry is diversifying from the gold mining era to an industry with a diverse range of mineral resources that include platinum group metals (PGMs), chrome, manganese,... 


Anglo American solar, hydrogen plant at Mogalakwena.
Responsible mining promoted in new global standard initiative
16th October 2024 By: Martin Creamer

Four global metals and minerals mining organisations on Wednesday published a draft consolidated standard that covers a wide range of topics related to responsible mining practices. The Copper... 


Gold nears fresh record with focus on US election and Fed rates
Gold nears fresh record with focus on US election and Fed rates
16th October 2024 By: Bloomberg

Gold rallied toward a fresh record high as investors turned their attention to the upcoming US election, with polls forecasting a razor-thin contest with less than three weeks to go. The precious... 


A January 2024 photo of the Cote project.
Côté is likely the start of a new mining district – Iamgold
16th October 2024 By: Mariaan Webb

Canadian mining company Iamgold is optimistic that its newly established Côté mine may herald the beginning of a new mining district, as exploration results indicate the potential connection... 


NGEx to raise C$100m for exploration projects
16th October 2024 By: Creamer Media Reporter

Copper/gold exploration company NGEx Minerals has announced a C$100-million private placement to advance its projects in the Vicuña district straddling the border between Argentina and Chile. The... 


Gold industry sees prices rising to $2 941/oz over 12 months
Gold industry sees prices rising to $2 941/oz over 12 months
16th October 2024 By: Reuters

The price of gold is expected to rise to $2 941 a troy ounce over the next 12 months from the current $2 661, delegates to the London Bullion Market Association's annual gathering predicted on... 


Egypt Competition Authority approves Anglogold's buyout of Centamin
15th October 2024 By: Creamer Media Reporter

The Egyptian Competition Authority has approved AngloGold Ashanti's proposed buyout of Centamin, which owns and operates the Sukari gold mine, in Egypt. The two gold producers last month announced... 


An image showing West African Resources' Sanbrado plant
West African Resources reports high-grade gold at Burkina Faso project
15th October 2024 By: Tasneem Bulbulia

ASX-listed unhedged gold mining company West African Resources has reported high-grade gold mineralisation from recent resource definition diamond drilling within the M1 South (M1S) Main Deeps... 


Newmont and MKS PAMP introduce traceable Lady of Liberty gold bar
Newmont and MKS PAMP introduce traceable Lady of Liberty gold bar
15th October 2024 By: Creamer Media Reporter

US-based bullion miner Newmont has announced the release of a unique traceable gold bar, exclusively crafted from Newmont-mined gold, refined and minted by MKS PAMP in Switzerland. The 1 oz Lady... 


Caledonia on track to meet full-year output guidance
15th October 2024 By: Creamer Media Reporter

Gold miner Caledonia Mining Corporation says it remains on track to produce between 74 000 oz and 78 000 oz of gold for the full-year, with its Blanket mine, in Zimbabwe, having produced 18 992 oz... 


Gold bars held by a bank
Central banks remain keen buyers of gold, representatives tell bullion conference
15th October 2024 By: Reuters

Central banks remain keen buyers of gold to diversify their reserves for financial or strategic reasons, representatives of three central banks told the London Bullion Market Association's annual... 


Westgold appoints new COO, GM of projects
15th October 2024 By: Mariaan Webb

Dual-listed Westgold has announced two new leadership appointments to assist the Australia-focused gold miner to achieve its portfolio optimisation goals and to deliver on its growth strategy.... 


Caracal confirms receipt of $600 000 in funding
14th October 2024 By: Darren Parker

Gold producer Caracal Gold has confirmed receipt of $600 000 in funding, comprising a $500 000 financing agreement with Koenig Vermoegensverwal announced on October 1 and a $100 000 loan agreement... 


Oriole encounters several new mineralised intersections at Bibemi
14th October 2024 By: Darren Parker

As part of the fully funded Phase 5 diamond drilling programme currently under way at Aim-listed Oriole Resources’ 82.2%-owned Bibemi orogenic gold project, in Cameroon, the company has encountered... 


Silver and gold bars
Metals Focus forecasts strong gold price for 2025
14th October 2024 By: Marleny Arnoldi

Precious metals consultancy Metals Focus expects spot gold prices to reach new all-time highs of about $3 000/oz in 2025 on the back of further interest rate cuts, geopolitical concerns and... 


La Mancha founder joins GMIN board
14th October 2024 By: Creamer Media Reporter

Naguib Sawiris, the founder of Luxembourg-based investment group La Mancha, has been appointed to the board of Toronto-listed G Mining Ventures (GMIN). Welcoming the new appointment, GMIN... 


Golden Shield walks away from Tucano deal
Golden Shield walks away from Tucano deal
14th October 2024 By: Mariaan Webb

Canadian company Golden Shield has announced the termination of an agreement to acquire private company Tucano Gold. Through the proposed transaction, first mooted in July, Golden Shield would... 


The Murchison operations
Post-merger Westgold sets production record
14th October 2024 By: Mariaan Webb

Fresh from a merger with Karora Resources, Westgold Resources on Monday posted record production 77 269 oz of gold from its expanded portfolio. The A$1.4-billion merger between Karora and... 


Harmony Gold CEO and executive director Peter Steenkamp
Steenkamp reflects on mining career
11th October 2024 By: Sabrina Jardim

With plans to step down at the end of the year, following a successful career in the mining sector, Harmony Gold CEO and executive director Peter Steenkamp has reflected on his career. In a... 


ARM CEO Phillip Tobias
ARM board approves construction of chrome recovery plant at Bokoni platinum mine
11th October 2024 By: Martin Creamer

The construction of a chrome recovery plant at Bokoni platinum mine has been approved by the board of African Rainbow Minerals (ARM). ARM acquired Bokoni from Anglo American Platinum and Atlatsa... 


St Barbara updates PFS for Nova Scotia projects
St Barbara updates PFS for Nova Scotia projects
11th October 2024 By: Mariaan Webb

Australian miner St Barbara has updated the prefeasibility study (PFS) for the 15-Mile and Beaver Dam projects at its Atlantic operations in Nova Scotia, Canada. The study consolidates the projects... 


Photo of Martin Creamer
Recycling, Nyanza Light Metals, Mogale City make headlines
11th October 2024

Mining Weekly Editor Martin Creamer unpacks the13th Oppenheimer Research Conference, which had a message for attendees: recycle like there’s no tomorrow; developments in the Nyanza Light Metals... 


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pqt: 1.271s - ct: 1.338s - 384pq - 2rq
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