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Gold

Gold is a precious metal and globally traded commodity that serves as both an industrial input and a store of value. It is prized for its rarity, durability, malleability and resistance to corrosion, making it essential in jewellery, electronics, dentistry and aerospace applications. Gold is measured in troy ounces and traded on major exchanges including the London Bullion Market and Comex in New York, with prices quoted in US dollars. South Africa has historically been one of the world's largest gold producers, with the Witwatersrand Basin yielding significant output since the late nineteenth century, though production has declined in recent decades as mines have deepened and ore grades have fallen. Other major producing countries include China, Australia, Russia and the United States. Central banks hold gold as part of their foreign exchange reserves, and investors buy it as a hedge against inflation, currency devaluation and geopolitical uncertainty. The metal is also minted into bullion coins such as the South African Krugerrand, the Canadian Maple Leaf and the American Eagle. Gold's price is influenced by interest rates, the strength of the US dollar, jewellery demand in Asia and safe-haven buying during periods of market volatility. Mining companies range from large diversified groups to junior explorers, and the sector is capital-intensive with long lead times from discovery to production. Gold remains a cornerstone of the global financial system and a key export earner for several African economies.

Gold News


KCGM Super Pit mine in Australia
Elliott raises heat on Australia's Northern Star for board overhaul, sales
11th June 2026 By: Reuters

Activist investor Elliott Investment Management late on Wednesday called on Australia's largest gold miner Northern Star Resources to immediately restore shareholder value by changing its board and... 


Newmont Ahafo gold pour
Venezuela deploys troops against illegal miners in key gold belt
11th June 2026 By: Reuters

Venezuela has deployed troops to target illegal groups controlling key gold deposits, according to local residents and human rights activists, as the government seeks to attract foreign investment... 


A mine in Mali
Mali gold revenue rises 6.4% in 2025 despite production decline
9th June 2026 By: Reuters

Gold mining companies operating in Mali paid the state a record 888.5-billion CFA francs ($1.57-billion) in 2025, up 6.4% from 835.1 billion CFA francs the year before, as record gold prices offset... 


A generic image of gold bars
Gold price momentum increases amid geopolitical headwinds
4th June 2026 By: Lumkile Nkomfe

Despite short-term headwinds from the conflict in the Middle East, gold is expected to resume its forward momentum once the war concludes with the yearly average gold price forecast to surge by 43%... 


Gold nuggets
GoldStone pleased with development progress at Sierra Leone project
2nd June 2026 By: Creamer Media Reporter

Aim-listed GoldStone Resources says significant progress is being made by MinCorp – a private company in Sierra Leone developing several small-scale gold mining licences – in establishing... 


Golden Eye prospect at the Chibougamau project, in Québec
Central Asia proposes ‘win-win’ takeover of Cygnus and its Québec flagship
2nd June 2026 By: Marleny Arnoldi

Aim-listed base metals miner Central Asia Metals has proposed to acquire ASX- and TSX-V-listed Cygnus Metals at an implied equity value of A$232-million. The companies have entered into a... 


A chart showing the gold price trend of recent months
Gold approaches potential crossroads
29th May 2026 By: Reuters

Gold is approaching a potential turning point that could decide whether it extends this year's losses or makes a stand that could facilitate a recovery. Gold's troubles started early this year when... 


A mine machine on a mine in Ghana
WAMPEX to catalyse discussions
29th May 2026 By: Halima Frost

Minerals industry association Ghana Chamber of Mines aims to catalyse new investment partnerships, strengthen supplier and operator links, and elevate discussions regarding mineral value addition... 


Hands holding gold bars
Gold prices pare losses after US inflation data
28th May 2026 By: Reuters

Gold trimmed losses on Thursday following the release of US April inflation data, but prices were still down for a third straight session as skepticism over a US–Iran deal clouded the interest rate... 


Copper ore
Stormlands shares illustrative economic model for early-stage Canadian copper project
26th May 2026 By: Marleny Arnoldi

Analytics platform Stormlands Mining has published a new independent case study on the MPD project, in British Columbia, using its AI-first mining valuation platform to model the project economics... 


Drill core from Sarfartoq
Greenland Mines fast-tracks updated study on newly acquired Sarfartoq rare earths project
22nd May 2026 By: Marleny Arnoldi

Nasdaq-listed Greenland Mines has signed a definitive agreement with TSX-listed Neo Performance Materials to acquire full ownership of the Sarfartoq rare earths project in south-west Greenland for... 


Danakali chairperson Seamus Cornelius
Danakali widens exploration reach in Western Australia
19th May 2026 By: Marleny Arnoldi

National Stock Exchange of Australia-listed Danakali is assembling a significant exploration portfolio across premier mineral provinces of Western Australia, having applied for 1 433 km2 of... 


Hands holding a gold bar
Ghana seeks to buy 30% of gold from miners to boost reserves, central bank
18th May 2026 By: Reuters

Ghana has asked large-scale gold miners to sell 30% of annual output to the central bank as part of a revamped reserve-building drive, up from 20%, a senior official told Reuters, though miners say... 


Gold bars
Goldman says central bank gold-buying stronger than thought, to reaccelerate
18th May 2026 By: Reuters

Central bank demand for gold has been stronger than previously estimated and is likely to pick up again into 2026, Goldman Sachs said on Friday, after revising its model to account for gaps in... 


Gold bars
India discounts soar to record high on import duty hike; China premiums firm
15th May 2026 By: Reuters

Gold discounts in India jumped to a record this week as a sharp import duty hike slowed demand and triggered investor selling, while investment demand kept Chinese premiums firm. Dealers in India... 


Image of Blackwater mine
Blackwater gold mine expansion, Canada – update
15th May 2026 By: Sheila Barradas

Canada-based gold development company Artemis Gold Inc has maintained its full-year 2026 production guidance of 265 000 oz to 290 000 oz of gold. 


Gold bars
Gold discounts in India breach $200/oz record amid profit-taking
14th May 2026 By: Reuters

Gold discounts in India widened to a record of more than $200/oz on Wednesday, as a surge in prices after the import duty hike triggered investor selling in an already weak demand environment,... 


Bars of gold and silver
India raises gold and silver tariffs to 15% to curb imports, support rupee
13th May 2026 By: Reuters

India has raised import tariffs on gold and silver to 15% from 6%, government orders said on Wednesday, as part of efforts to curb overseas purchases of the metals and ease pressure on the... 


A stack of gold bars
Indian banks resume bullion imports after month-long halt over 3% levy, sources say
12th May 2026 By: Reuters

Indian banks have resumed gold and silver imports after a hiatus that stretched for more than a month by agreeing to pay a 3% customs levy that earlier prompted lenders to halt shipments, trade and... 


Pan American Silver CEO Michael Steinmann
Astute precious metals expert Steinmann joins Lundin Mining board
8th May 2026 By: Marleny Arnoldi

TSX- and Nasdaq-listed Lundin Mining has welcomed Michael Steinmann to its board of directors following its yearly shareholder meeting. He joins the other re-elected boardmembers Ashley... 


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pqt: 0.031s - ct: 0.08s - 105pq - 2rq
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