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Kefi raises £495 916 as part of capital raise for Tulu Kapi
5th March 2024 By: Tasneem Bulbulia

Aim-listed Kefi Gold and Copper, which owns projects in Ethiopia and Saudi Arabia, announces that a retail offer through PrimaryBid has been successfully completed, raising gross proceeds of about... 

Gold touches $2 100 as traders scoop up metal on rate cut bets
Gold touches $2 100 as traders scoop up metal on rate cut bets
5th March 2024 By: Bloomberg

Gold is within striking distance of a new record high as the market bets the first US interest-rate cut since early 2020 is near. The precious metal briefly rose above $2 100/oz Monday, the... 

Terry Heymann
Opinion: From mine to market – building a more transparent and trusted gold supply chain
5th March 2024

In this article, World Gold Council (WGC) CFO Terry Heymann argues that the disclosure of a miner’s refining partners will support recognition of a trusted eco-system that will grow over time and... 

Caledonia warns of lower full-year profit on the back of one-off items
4th March 2024 By: Sabrina Jardim

LSE-listed Caledonia Mining expects to report an adjusted profit before tax for the year ended December 31, 2023, materially below market expectations, owing to increased operating costs and... 

The Kibali gold mine in the DRC
Barrick partners with DRC-based oversight body to advance local content intiatives
4th March 2024 By: Marleny Arnoldi

Global miner Barrick Gold Corporation’s Kiballi gold mine, in the Democratic Republic of Congo (DRC), has partnered with the oversight body of the subcontracting sector, the Autorite de Regulation... 

Illegal mining activity
Three people killed in clash between illegal miners, security personnel at Ghana mine
4th March 2024 By: Creamer Media Reporter

Two security personnel and one civilian were killed in an attack by illegal miners at the Asanko gold mine, in Ghana, over the weekend. The mine is a 50:50 joint venture between JSE-listed Gold... 

A$30m in commitments for Ora Banda’s Davyhurst
1st March 2024 By: Mariaan Webb

ASX-listed Ora Banda has received commitments for a A$30-million capital raise to advance its Davyhurt project, in Western Australia’s Eastern Goldfields region. The company received commitments... 

Goldstone’s ride could be over unless funding can be found
1st March 2024 By: Darren Parker

Aim-listed Goldstone is still trying to raise additional funds to provide working capital for its operational development and to settle various balances owed to outstanding creditors. In the event... 

Barrick's Bulyanhulu mine, in Tanzania
New chemical tech at Barrick’s Buylanhulu mine results in cleaner tailings, better recoveries
1st March 2024 By: Marleny Arnoldi

Following a successful trial of chemical technologies provider Draslovka’s GlyCat glycine leaching technology at global miner Barrick Gold’s Buylanhulu mine, in Tanzania, the gold miner has started... 

Photo of Martin Creamer
Gold, carbon emissions, renewable projects make headlines
1st March 2024

Mining Weekly Editor Martin Creamer the R7.9-billion life-of-mine extension project at the Mponeng gold mine; the recent delivery of Anglo American’s tenth emission-cutting ship; and the two huge... 

An image of the SX4 spiral separator
Degritting spiral reduces carbon costs for gold miners
1st March 2024

Amid tough economic conditions, metallurgy and process engineering solutions developer Multotec has responded to the challenge of the high costs associated with using activated carbon in gold... 

An image of Rand Refinery CEO Praveen Baijnath
Refiner highlights ethical gold provenance mark
1st March 2024

In highlighting its efforts to ensure gold provenance, fineness and quality, Germiston-based gold refiner Rand Refinery says its RandPure mark emphasises its commitment to sourcing and producing... 

An image of World Gold Council senior market strategist John Reade
Demand trends show increasing need for gold production
1st March 2024 By: Trent Roebeck

With the price of gold at an all-time high, gold-producing African States – such as South Africa, West African countries and sub-Saharan Africa countries – can benefit from the increased demand for... 

An image of Coface Africa economist Aroni Chaudhuri
Gold price set to increase despite challenges
1st March 2024 By: Trent Roebeck

Despite challenges that may cause the price of gold to fluctuate, it is set to remain high this year, owing to “uncertainties linked to the stacked electoral calendar globally”, says leading trade... 

An image of SA Bullion co-CEOs Imran and Clint O'Brien
Gold demand and price increase promising for industry
1st March 2024 By: Trent Roebeck

Gold has proven to be an enduring and reliable asset, especially during challenging times, with demand for gold by central banks remaining stable in 2023, which is likely to continue this year, say... 

Polyus posts 2023 profit jump on higher output, gold prices
Polyus posts 2023 profit jump on higher output, gold prices
29th February 2024 By: Reuters

Russian gold producer Polyus's net profit rose 12% to $1.7-billion last year thanks to increased production and sales, it said on Thursday, but it expects lower gold output in 2024 and warned that... 

Zimbabwe flag
Galileo reaches 80% shareholding in Zim-focused BC Ventures
29th February 2024 By: Marleny Arnoldi

London-listed Galileo Resources has met all conditions required to acquire an additional 51% shareholding in BC Ventures, which, coupled with its existing 29% shareholding, now adds up to an 80%... 

SSR retracts guidance for Çöpler, workers remain missing
SSR retracts guidance for Çöpler, workers remain missing
29th February 2024 By: Mariaan Webb

Vancouver-based SSR Mining has retracted its previously issued 2024 and long-term guidance forecasts for the Çöpler mine, in Türkiye, following a significant slip on the heap leach pad earlier this... 

Harmony Gold FD Boipelo Lekubo.
Green energy integrated into Harmony Gold operations, uranium surprises on upside
29th February 2024 By: Martin Creamer

Green electrons are being generated as planned at Harmony Gold’s 30 MW first phase of renewable energy generation, which is now fully integrated into the mining company’s Tshepong South and North... 

Harmony Gold CEO Peter Steenkamp.
Harmony Gold board approves R7.9bn project on back of superb half-year results
28th February 2024 By: Martin Creamer

The board of mining company Harmony Gold has approved the commencement of a R7.9-billion life-of-mine (LoM) extension project at the rich Mponeng gold mine in the West Wits region of South Africa's... 

Speakers who participated in Creamer Media's 'Mining Sustainability and Security in the South African mining industry' webinar
Tackling illegal mining key to sustainability of the mining industry
28th February 2024 By: Tasneem Bulbulia

Illegal mining is one of the biggest constraints threatening the sustainability of the South African mining industry and, while this challenge is considerable, it is not insurmountable. There are... 

Drill core recovered from the Segele mine, in Ethiopia
Akobo finalises debt restructuring agreement
28th February 2024 By: Darren Parker

Scandinavia-based gold exploration and mining company Akobo Minerals, which has operations in Ethiopia, has finalised an agreement regarding completion of its debt restructuring. This follows the... 

The Sanbrado mine plant
West African Resources upgrades planned production to more than 4Moz over the next decade
28th February 2024 By: Marleny Arnoldi

ASX-listed West African Resources expects to produce more than four-million ounces of gold over the next ten years, with production to peak at about 473 000 oz/y in 2029. The company owns the... 

West Red Lake raises cash for Madsen
West Red Lake raises cash for Madsen
28th February 2024 By: Creamer Media Reporter

TSX-V-listed West Red Lake Gold Mines has announced a $20-million private placement to raise funds to advance the development of a restart plan for the Madsen gold mine, in Ontario. The company... 

AUMS worker killed at Endeavour’s Mana mine
28th February 2024 By: Creamer Media Reporter

An African Underground Mining Services (AUMS) employee died on Tuesday at the Mana mine in Burkina Faso. AUMS, a subsidiary of ASX-listed Perenti, is the underground mining contractor for... 

Euro Sun Mining CEO Grant Sboros.
South African leading critical mining project in Romania where red tape is being cut
27th February 2024 By: Martin Creamer

Toronto-listed Euro Sun Mining, headed by South African CEO Grant Sboros, is advancing a development-stage gold and copper project in Romania, a country which is reportedly shedding its rigidly... 

Red Rock, partner to establish test programme at Burkina Faso project
27th February 2024 By: Creamer Media Reporter

Natural resource development company Red Rock Resources and its partner, Hong Kong-headquartered company Riverstone Resources, will set out to implement a test programme at the Bilbale gold... 

Hummingbird highlights potential for Bukon Jedeh exploration to expand Dugbe project's resource
27th February 2024 By: Creamer Media Reporter

Aim-listed Hummingbird Resources has welcomed subsidiary company Pasofino Gold's announcement of the start of exploration activities at Bukon Jedeh – a high-priority target area within the Dugbe... 

First Mining receives permits for temporary winter road to Springpole
27th February 2024 By: Creamer Media Reporter

Toronto-listed First Mining has received construction permits for a temporary winter road to the Springpole gold project exploration camp site, which will allow for the safe transport of supplies... 

An aerial view of the Sabodala-Massawa Expansion project
Sabodala-Massawa Expansion project on track for first gold pour in May
27th February 2024 By: Creamer Media Reporter

Wet commissioning activities are now under way at the Sabodala-Massawa Expansion project, also called the BIOX Expansion project, in Senegal, says London- and Toronto-listed Endeavour Mining. The... 

Fury Gold Mines buys Éléonore South from Newmont
Fury Gold Mines buys Éléonore South from Newmont
27th February 2024 By: Creamer Media Reporter

Canada-focused exploration company Fury Gold Mines on Monday announced that it would buy Newmont’s 49.978% interest in the Éléonore South project for C$3-million. Situated in a prolific... 

Northern Star shows support for PolarX
Northern Star shows support for PolarX
27th February 2024 By: Creamer Media Reporter

Global-scale Australian gold miner Northern Star has agreed to fully underwrite exploration and development company PolarX’s entitlement offer that seeks to raise about A$4.92-million. PolarX will... 

Cameroon flag
Oriole confirms high-grade mineralisation at Mbe from partner’s soil sampling
26th February 2024 By: Marleny Arnoldi

Sub-Saharan African miner BCM International Group has uncovered gold mineralisation grading 256 g/t from outcrop sampling and 25.1 g/t gold from pit sampling over a 3-km-long target on the Mbe gold... 

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