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Gold News

Kairos launches strategic review

By: Esmarie Iannucci     5th May 2022 Junior Kairos Minerals has launched a strategic review of the company’s minerals project portfolio and costs across the board. The strategic review, which will be done with the assistance of an independent third party, will assess the company’s Pilbara lithium and gold assets as well as the Roe... 

OreCorp pushes back Nyanzaga development

By: Esmarie Iannucci     5th May 2022 On-going skills and labour shortages have forced ASX-listed OreCorp to push back the timeline for the definitive feasibility study (DFS) for its Nyanzaga gold project, in Tanzania. The company in October last year told shareholders that completion date for the DFS was targeted for the end of the... 

Barrick Gold taking final steps towards developing large ‘super tier one’ copper/gold project in Pakistan 

By: Martin Creamer     4th May 2022 "It’s not just tier one. This is a super tier one,” says Barrick Gold president and CEO Dr Mark Bristow of the proposed Reko Diq project, one of the largest undeveloped copper-gold porphyry deposits in the world. Bristow is scheduled to meet Pakistan’s new prime minister later this month to... 

Barrick Gold CEO Dr Mark Bristow
Barrick Gold CEO Dr Mark Bristow

Voltvision completes Phase 1 energy efficiency project at Endeavour’s Houndé

By: Tasneem Bulbulia     4th May 2022 High-voltage electrical data analytics business Voltvision has completed Phase 1 of a pioneering energy efficiency and operational enhancement project at Endeavour Mining’s Houndé mine, in Burkina Faso. The results of this initial phase have been so constructive that Voltvision has been... 

Cash-flush Barrick Gold funding reintroduction of white rhinos to DRC national park 

By: Martin Creamer     4th May 2022 Gold mining company Barrick Gold, which has just reported an outstanding set of first quarter financial results, is funding the reintroduction of white rhinos to the Democratic Republic of Congo (DRC), where it mines at Kibali Gold Mine. Since agreement on the repatriation of revenue from Kibali... 

Screenshot of Barrick map.
Barrick Gold restoring rhino to park near Kibali mine.

Bloom Lake Phase 2 expansion comes to life

By: Creamer Media Reporter      4th May 2022 TSX-listed Champion Iron has completed the first rail shipments, containing 24 304 wet metric tonnes of 66.2% iron-ore concentrate, from the Phase 2 expansion project at its Bloom Lake mine, in Quebec. The commissioning of Phase 2 was achieved ahead of schedule and the company is working to... 

DRDGold’s first-quarter production down 3% q/q, but operating costs rise

By: Donna Slater     4th May 2022 Gold miner DRDGold’s production decreased by 3% quarter-on-quarter to 49 066 oz for the three months ended March 31, primarily owing to a 5% decrease in tonnage throughput. Gold sold in period decreased by 6% quarter-on-quarter to 48 572 oz and, as a result, elevated cash operating costs in rand... 

Gramalote decision now expected by end of Q3, says B2Gold

By: Mariaan Webb     4th May 2022 The Gramalote gold project, in Antioquia, Colombia, continues to enjoy strong federal and local government support, as well as continuing support from local communities, Canada-based B2Gold said on Tuesday. The company owns Gramalote in a joint venture with AngloGold Ashanti, which last week was... 

S&P upgrades Gold Fields’ credit rating

By: Darren Parker     3rd May 2022 Ratings agency S&P Global Ratings has upgraded JSE- and NYSE-listed Gold Fields’ credit rating from BBB- to BB+, while also upgrading the company’s debt ratings on its senior unsecured notes. Gold Fields said on May 3 that S&P also raised the short-term rating for the company to A-3 from B and... 

Colombia dismisses AngloGold’s Quebradona appeal

By: Mariaan Webb     3rd May 2022 Colombia’s national environmental agency, ANLA, has dismissed AngloGold Ashanti’s appeal against the “archiving” of its permit application for Quebradona, the gold major confirmed on Tuesday. A spokesperson for AngloGold confirmed the decision and told Mining Weekly that the mining company was... 

Northern Star's exploration investment pays off

By: Esmarie Iannucci     3rd May 2022 Gold miner Northern Star Resources A$140-million commitment to exploration over the last 12 months has paid off, with the miner reporting that group mineral resources had remained stable at 56.4-million ounces, despite mining depletion and portfolio optimisation. Northern Star on Tuesday... 

Alkane adds to Rosswell resource

By: Esmarie Iannucci     2nd May 2022 Gold miner Alkane Resources has reported a 37% increase in the global mineral resource at its Roswell deposit, at its Tomingley project, in New South Wales. The Roswell resource is now estimated to contain some 14.1-million tonnes, at 2 g/t gold for 904 000 oz of contained gold. 

Dwyka to make tech tangible at Mining Indaba, conduct live virtual walkabouts

By: Donna Slater     29th April 2022 Pan-African mining technology platform Dwyka Mining Services plans to have key technology partners join its team at the upcoming Investing in African Mining Indaba 2022 to offer their view of mining technology in an effort to “make tech tangible” for Dwyka customers. “Making technology tangible... 

A drone in a mine
Technology, such as drones outfitted with LiDAR SLAM-based scanners, are helping miners map previously inaccessible areas. These will be showcased by Dwyka at Mining Indaba

Putin is discussing the idea of pegging the rouble to gold - Kremlin

By: Reuters     29th April 2022 A powerful Russian security official said this week linking the rouble to bullion could give Russia more "sovereignty" over its financial system, which has been battered by Western sanctions since Moscow sent troops into Ukraine on February 24. Asked about the idea on a conference call with... 

Galantas to restart Northern Ireland mine in June, expands Ireland licence holdings

By: Mariaan Webb     29th April 2022 Dual-listed Galantas Gold will next month restart development and blasting at its Omagh min, in Northern Ireland, and says production stoping is targeted for mid- to late-June. The company reports that it has resolved geotechnical matters at the past-producing mine and that it has hired an... 

Silver Lake braces for more skills shortages

By: Esmarie Iannucci     29th April 2022 Supply chain constraints and the availability of skilled professional have contributed to ASX-listed Silver Lake Resources reporting a drop in gold production during the three months to March. The company this week told shareholders that while its year-to-date operating performance had it... 

Tight labour market hits Red 5

By: Esmarie Iannucci     29th April 2022 Gold miner Red 5 this week reported that operator and skills shortages in Western Australia had continued to impact mining operations in the March quarter, with production falling from the 16 519 oz produced in the December quarter to 13 185 oz in the three months to March. Gold sales declined... 

Eldorado aims to restart Skouries construction this year

By: Mariaan Webb     29th April 2022 Vancouver-based Eldorado Gold is continuing to advance financing discussions for its partially constructed Skouries mine, in Greece, and says that it aims to restart work on the project in the second half of the year. The project has been stalled for several years, after the Greek government... 

Eldorado aims to restart Skouries construction this year

OceanaGold's production rises in March quarter

By: Esmarie Iannucci     29th April 2022 Dual listed gold miner OceanaGold has reported a 26% increase in gold production for the three months to March, resulting in record quarterly revenues. Gold production in the March quarter reached 134 000 oz, up from the 83 200 oz produced in the previous corresponding period and up from the 108... 

Optimised Island Gold mine plan due for release by mid-year

By: Mariaan Webb     28th April 2022 Canada-based miner Alamos Gold is getting closer to completing an updated mine plan for its Island Gold mine, in Ontario, CEO John McCluskey said on Wednesday, stating that the plan would be released by mid-year. Given the significant growth in high-grade mineral reserves and resources since the... 

Optimised Island Gold mine plan due for release by mid-year

Tomingley continues to deliver

By: Esmarie Iannucci     28th April 2022 Gold miner Alkane Resources has met its production forecast during the three months to March, with its Tomingley gold operation, in New South Wales, producing 14 635 oz of gold during the quarter. Gold production for the March quarter was down slightly from the 16 935 oz produced in the December... 

Gold market experiences solid start to 2022

By: Tasneem Bulbulia     28th April 2022 First-quarter gold demand was 34% higher year-on-year, at 1 234 t, driven by strong exchange-traded fund (ETF) inflows, a new report published by industry organisation the World Gold Council (WGC) shows. In a quarter that saw the dollar gold price rise by 8%, gold demand was the highest it has... 

An image of gold being poured
Photo by Bloomberg
First quarter gold demand was strong

Yamana now eyes 350 000 oz/y at Jacobina; studies Cerro Moro plant expansion

By: Mariaan Webb     28th April 2022 The Phase 2 expansion of the Jacobina mine, in Brazil, is progressing ahead of schedule and is now expected to achieve its throughput objective one-year ahead of schedule, Canada-based Yamana Gold reported on Wednesday. The company stated that the expansion would reach its Phase 2 objective of 8... 

Yamana now eyes 350 000 oz/y at Jacobina; studies Cerro Moro plant expansion

Altona to pursue LSE listing

By: Tasneem Bulbulia     28th April 2022 Rare earths exploration company Altona intends to apply for admission of its ordinary shares to the Standard Segment of the Official List and to trading on the LSE’s main market for listed securities. Admission to trading of the company's ordinary shares on the AQSE Growth Market will be... 

MATSA adds to Sandfire production

By: Esmarie Iannucci     28th April 2022 Copper miner Sandfire Resources has reported a significant surge in production during the March quarter, following the completion of the MATSA mining operation, in Spain, and an operational integration programme. Copper production in the March quarter increased to 28 774 t, up from the 18 675 t... 

Resolute posts solid quarter

By: Esmarie Iannucci     28th April 2022 Africa-focused Resolute Mining has reported a slight increase in production during the March quarter, while all-in sustaining costs have improved by 4% on the previous quarter. The ASX-listed company on Thursday reported gold production of 81 770 oz, up from the 79 816 oz produced in the... 

Newcrest increases quarterly production

By: Esmarie Iannucci     28th April 2022 Gold major Newcrest Mining has reported a 10% increase in production during the three months to March, driven by higher mill throughput at its Cadia operation, and first production from the Brucejack asset, which was acquired in March. Group gold production for the March quarter reached 479 839... 

St Barbara maintains full-year aspirations

By: Esmarie Iannucci     28th April 2022 Gold miner St Barbara has reported a stable quarter of production in the three months to March, with the company maintaining its full-year production targets. During the March quarter, St Barbara produced 62 000 oz of gold, down slightly from the 66 000 oz produced in the December quarter, with... 

Labour shortages hit Ramelius

By: Esmarie Iannucci     27th April 2022 Gold miner Ramelius Resources has reported a slight drop in production during the three months to March, as labour shortages in Western Australia hit a peak in January and February. The miner reported that gold production in the March quarter reached 58 602 oz, at an all-in sustaining cost of... 

Laneway starts refurbishment at Georgetown

By: Esmarie Iannucci     27th April 2022 ASX-listed Laneway Resources has started refurbishment activities at the Georgetown gold processing plant, in North Queensland. Laneway in February entered into a share sale agreement to purchase Masterson Minerals, owner of the Georgetown gold processing plant and an extensive portfolio of... 

Northern Star's output dips in March quarter

By: Esmarie Iannucci     27th April 2022 Gold miner Northern Star Resources has reported a slight decline in gold sales for the March quarter, compared with the December quarter, as production at the Kalgoorlie operation was impacted by mill availability. Northern Star sold 380 075 oz of gold during the three months to March, at an... 

Image shows the surface operations of the Kalgoorlie Super Pit

Shanta on track to become 100 000 oz/y gold producer

By: Tasneem Bulbulia     26th April 2022 Aim-listed Shanta Gold recorded a good start to the year operationally, with mining beginning a month ahead of schedule at the high-grade Bauhinia Creek Crown Pillar at the New Luika gold mine (NLGM), in Tanzania, CEO Eric Zurrin notes in a production and operational results update for the... 

Wimbledon opts for platinum to mark Queen’s jubilee, centre court centenary 

By: Martin Creamer     26th April 2022 In the year of the Queen of England’s platinum jubilee, the coins to be used in the Wimbledon ladies’ and gentlemen’s singles finals coin toss will be made of platinum for the first time in the championships’ history. This follows last month’s unveiling by the UK Royal Mint of its largest ever... 

Image supplied by WPIC
Platinum coin to be tossed at Wimbledon.

Ore processing starts at Warrawoona

By: Esmarie Iannucci     26th April 2022 Gold developer Calidus Resources has started continuous ore processing at its Warrawoona gold project, in Western Australia. The company said on Tuesday that the processing of low-grade ore is underway and will transition to run-of-mine ore over the coming week as operations move to steady state.  

Kinross sells Ghana gold mine to Asante

By: Mariaan Webb     25th April 2022 Canadian miner Kinross Gold is exiting Ghana with the sale of its 90% interest in the Chirano mine to junior miner Asante Gold for $225-million in cash and shares. Asante CEO  Anthony said that Chirano was an “excellent opportunity” for the CSE-listed company in Ghana, where it already owns and... 

Kinross sells Ghana gold mine to Asante

Yanfolila processing plant maintenance cuts Hummingbird’s first-quarter output

By: Darren Parker     25th April 2022 Aim-listed gold producer Hummingbird Resources produced 15 548 oz of gold at its Yanfolila mine, in Mali, for the quarter ended March 31, compared with the 18 181 oz produced in the fourth quarter of 2021. Output was also lower than the 22 781 oz produced in the first quarter of 2021. 

mining dump trucks on a mine

Pure Gold appoints interim CEO as Fierro steps down, says it needs additional capital

By: Mariaan Webb     25th April 2022 Canadian miner Pure Gold is making headway with its operational turnaround plan, but the company says it will require additional capital to transition to a state of a positive site-level cash flow by the third quarter of this year. CFO and VP of business development Chris Haubrich said on Friday... 

Pure Gold appoints interim CEO as Fierro steps down, says it needs additional capital

Manitou sells Dryden properties

By: Creamer Media Reporter      25th April 2022 TSX-V-listed Manitou Gold has sold its Dryden properties, located in northern Ontario, to a company controlled by the founders and management of Ely Gold Royalties. Manitou sold these properties for C$7-million in cash and received four-million shares of Dryden Gold, as well as a 1% net smelter... 

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