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Gold in dollar shape
Analysts predict gold to trade at average $2 547/oz in the second half
19th July 2024 By: Marleny Arnoldi

Independent previous metals authority London Bullion Market Association (LBMA) has cited analysts predicting that the gold price will trade even higher in the second half of the year, following a... 


Blank-check firm to buy Turkish mine in $290m bet on copper demand
19th July 2024 By: Reuters

Blank-check firm ACG Acquisition is buying a Turkish mine, which plans to start copper and zinc production in 2026, in a $290-million deal with a subsidiary of Turkish conglomerate Calik Holding,... 


Drill rig
Capital posts solid growth in second-quarter revenue
18th July 2024 By: Marleny Arnoldi

London-listed mining services company Capital has posted a 16.6% year-on-year increase in revenue to just under $90-million for the quarter ended June 30. The revenue generated in the quarter... 


Duncan Wanblad shaking hands with Wits University vice-chancellor Professor Zeblon Vilakazi at the hand over of Anglo’s 47 Main street, Johannesburg building, to Wits Business School (WBS), with Anglo chairperson Nolitha Fakude (left) and  WBS head Prof Maurice Radebe (right).
We’ve delivered strong second-quarter production – Anglo CE
18th July 2024 By: Martin Creamer

Diversified mining company Anglo American on Thursday emphasised its embedding of operational resourcefulness across its asset base and highlighted its second-quarter performance as being strong.... 


Data on the Resolution Copper project, in Arizona, is included in the report.
US mine development timeline second-longest in world, S&P Global says
18th July 2024 By: Reuters

It takes an average of nearly 29 years to build a new mine in the US, the second-longest in the world behind only Zambia, hampering Washington's efforts to boost output of lithium, nickel and other... 


Anglo American Platinum CE Craig Miller
Anglo Platinum anticipating 15% to 25% lower half-year earnings
18th July 2024 By: Martin Creamer

The basic earnings and earnings per share of platinum group metals (PGM) mining company Anglo American Platinum for the first six months of this year are anticipated to be between 15% and 25% lower... 


$21m investment incentive for Arizona’s Prairie project
18th July 2024 By: Creamer Media Reporter

Lithium project developer Arizona Lithium has been approved for up to $21.6-million in investment incentives from Saskatchewan, Canada. The province has approved transferable royalty credits under... 


Evolution reports strong June quarter results
Evolution reports strong June quarter results
18th July 2024 By: Creamer Media Reporter

Gold company Evolution Mining has started the 2025 financial year with impressive momentum, bolstered by a robust performance in the June quarter. The gold miner achieved multiple operational... 


Quantum Graphite receives $300m Exim funding offer
18th July 2024 By: Creamer Media Reporter

Graphite producer Quantum Graphite has potentially secured $300-million in funding from the Export–Import Bank of the United States (Exim) for a project that will support an end-to-end supply chain... 


Centamin CEO Martin Horgan
DFS demonstrates robustness of Centamin's Doropo project
18th July 2024 By: Creamer Media Reporter

The results of a definitive feasibility study (DFS) on London- and Toronto-listed gold miner Centamin's Doropo project, in Côte d'Ivoire, has demonstrated that it is a robust project that meets the... 


Gold bars
Golden rule: Why younger investors are drawn to gold
18th July 2024 By: Reuters

What asset class do millennials and Gen Z investors both want to own? Here is an answer you may not have guessed: Gold. Among wealthy investors under the age of 43, 45% own gold as a physical... 


Kumba Iron Ore CE Mpumi Zikalala
Kumba Iron Ore expecting half-year earnings to be 24% to 29% lower
18th July 2024 By: Martin Creamer

The basic earnings of iron-ore mining company Kumba for the six months to June 30 are expected to between 24% and 29% lower than for the first six months of last year. The decreased R6 847-million... 


Florida Canyon sells Mexican mines to Heliostar
18th July 2024 By: Creamer Media Reporter

Canada-based junior producer Florida Canyon on Wednesday announced a binding agreement to sell its Mexican business unit to Heliostar Metals. The assets include Florida’s interests in the San... 


AngloGold and new European investor back G2’s capital raise
AngloGold and new European investor back G2’s capital raise
18th July 2024 By: Mariaan Webb

Gold mining major AngloGold Ashanti and a new European investor have thrown their weight behind Canadian junior G2 Goldfields’ latest capital raise for its Oko project, in Guyana. The TSX-V-listed... 


Foran upsizes placement to C$360m
Foran upsizes placement to C$360m
18th July 2024 By: Creamer Media Reporter

Foran Mining, which this week approved the C$604-million construction of a new mine in Saskatchewan, has upsized its proposed brokered placement to C$360-million. The TSX-listed company will... 


Paladin CEO Ian Purdy
Paladin Energy aims to crack uranium big league with Canadian takeover
18th July 2024 By: Bloomberg

Paladin Energy’s top boss says its takeover of Fission Uranium Corp would make it the third-largest publicly traded uranium producer, offering investors an alternative in a sector dominated by two... 


Andrew Forrest
Fortescue hits brakes on green hydrogen plans
18th July 2024 By: Bloomberg

Billionaire Andrew Forrest is scaling back his plans to turn Australian miner Fortescue into a green hydrogen heavyweight, blaming high energy prices for a setback that has prompted an overhaul of... 


Mexico has 'sufficient arguments' to win Ganfeng lithium dispute, says President-elect
18th July 2024 By: Reuters

exico President-elect Claudia Sheinbaum on Wednesday expressed confidence in her incoming government's ability to come out on top in a legal battle against Chinese miner Ganfeng and pledged to... 


Petra Diamonds CEO Richard Duffy
Petra Diamonds focusing on refinancing $250-million loan notes
17th July 2024 By: Martin Creamer

Having reset its cost base, delivering new life-of-mine (LoM) plans with a smooth capital profile, the focus of Petra Diamonds is very much on refinancing its $250-million loan notes. “We plan to... 


Aris on track to meet guidance, expansion projects progress
17th July 2024 By: Creamer Media Reporter

Toronto- and New York-listed Aris Mining expects to achieve the lower-end of its full-year production guidance of 220 000 oz to 240 000 oz, having produced just short of 100 000 oz in the first six... 


Star Diamond dusts off Buffalo Hills file
Star Diamond dusts off Buffalo Hills file
17th July 2024 By: Creamer Media Reporter

Toronto-listed Star Diamonds has announced it will buy the remaining 50% stake in the Buffalo Hills project, in Alberta, gaining full ownership of the asset. Early last year, Star dusted off the... 


Montage's flagship asset is the Koné gold project, in Cote d'Ivoire.
China's Zijin Mining to take 9.9% stake in Canada's Montage Gold
17th July 2024 By: Reuters

Canadian miner Montage Gold on Tuesday said Chinese mining firm Zijin Mining Group would take a 9.9% strategic stake in the company through its brokered private placement. Zijin Mining will... 


Gold holds at record high as rate cut bets fuel demand rush
Gold holds at record high as rate cut bets fuel demand rush
17th July 2024 By: Bloomberg

Gold hit another record as traders placed stronger bets on Federal Reserve rate cuts this year and weighed an uncertain outlook for US politics. Bullion advanced in Asia hours to touch an all-time... 


Graph showding projected downward path of platinum.
Minerals Council VP spells out platinum production decline expectation to Shanghai
16th July 2024 By: Martin Creamer

Under current market conditions, many platinum mines will close prematurely due to a lack of financial resources – and even without financial constraint, closure of depleting mines will result in... 


Marimaca is a TSX-listed copper company.
Assore invests C$68m in Marimaca Copper
16th July 2024 By: Mariaan Webb

Assore International Holdings (AIH), a subsidiary of South Africa’s Assore Group , has made a C$68-million investment in Toronto-listed Marimaca Copper that owns the Marimaca project in Chile’s... 


Barrick shows marginal rise in quarterly production
Barrick shows marginal rise in quarterly production
16th July 2024 By: Creamer Media Reporter

Canada-headquartered miner Barrick Gold on Tuesday reported preliminary second-quarter production of 948 000 oz of gold and 43 000 t of copper and reaffirmed its full-year guidance. The... 


Sibanye-Stillwater CEO Neal Froneman
Sibanye features on FTSE4Good index for the ninth consecutive year
16th July 2024 By: Marleny Arnoldi

JSE- and NYSE-listed miner Sibanye-Stillwater has once again made it onto British financial organisation the Financial Times Stock Exchange (FTSE) Russell Group’s sustainability index. The... 


Newmont's Brucejack mine is located in the Golden Triangle
C$195m BC highway upgrade to benefit minerals-rich Golden Triangle
16th July 2024 By: Mariaan Webb

The mineral-rich Golden Triangle of British Columbia received a boost on Monday, with the announcement of a C$195-million highway infrastructure upgrade that will support the development of mining... 


Foran approves C$600m Saskatchewan copper mine build
Foran approves C$600m Saskatchewan copper mine build
16th July 2024 By: Mariaan Webb

The board of Canada-based Foran Mining has made a formal decision to proceed with the C$604-million construction of the underground McIlvenna Bay copper and zinc mine, in Saskatchewan. The board... 


Alamos eliminates most of Argonaut’s gold hedge book
Alamos eliminates most of Argonaut’s gold hedge book
16th July 2024 By: Creamer Media Reporter

Canadian miner Alamos Gold has eliminated the majority of the inherited hedge book of Argonaut Gold, enhancing its exposure to rising near-term gold prices. The company on Monday announced a gold... 


Williamson diamond mine at steady state.
Petra expects diamond prices to show modest recovery in 2025
16th July 2024 By: Martin Creamer

With market fundamentals providing pricing support in the medium- and longer-term, London-listed diamond mining and marketing company Petra Diamonds expects diamond prices to show modest recovery... 


Bloom Lake workers returning as forest fires subside
Bloom Lake workers returning as forest fires subside
16th July 2024 By: Creamer Media Reporter

Toronto- and Sydney-listed Champion Iron said on Monday that its workers were gradually returning to its Bloom Lake mine, following a preventive evacuation and temporary shutdown of operations on... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto ‘growing with discipline’, says CEO
16th July 2024 By: Mariaan Webb

Australia-headquartered mining major Rio Tinto is continuing to grow in the materials the world needs for the energy transition and is doing so “with discipline”, CEO Jakob Stausholm said on... 


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pqt: 0.221s - ct: 0.274s - 146pq - 2rq
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