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Resources Watch
Resources Watch
16th August 2023

This week: Risk-on greater reason for record-high Q2 gold price than interest rate decline; Glencore returns $9.3bn to shareholders, highlights transition metals and recycling; and, AngloGold’s... 


Chaarat focus tilts to Kyrgyz gold as it moves to sell Kapan
Chaarat focus tilts to Kyrgyz gold as it moves to sell Kapan
16th August 2023 By: Mariaan Webb

Aim-quoted miner Chaarat Gold on Wednesday announced an agreement to sell its only operating mine, Kapan, to an Armenian mining operator for $55.4-million. Kapan is a polymetallic ore body that... 


Imperial Metals raises cash for Red Chris
16th August 2023 By: Mariaan Webb

Vancouver-based Imperial Metals has announced a nonbrokered private placement of up to seven-million shares at C$2.40 each to raise C$16.8-million. The proceeds from the placement will be used to... 


A June 2023 photo of the CIL tank foundations.
Blackwater schedule, capex guidance unchanged – Artemis
16th August 2023 By: Mariaan Webb

The Blackwater mine, currently under construction in central British Columbia, remains on track for its first gold pour in the second half of next year, despite the temporary slowdown as a result... 


A coal colliery in South Africa
BHP, South32 may face South Africa class action on lung disease
16th August 2023 By: Bloomberg

BHP Group, South32 and a unit of Seriti Resources Holdings may face a class action from coal miners with lung disease in South Africa who worked at the companies’ operations over the last six... 


St Barbara unveils plans for Fifteen Mile Stream
St Barbara unveils plans for Fifteen Mile Stream
16th August 2023 By: Esmarie Iannucci

Gold miner St Barbara has unveiled plans for a standalone 1.7-million- to 1.8-million-tonne-a-year operation at its Fifteen Mile Stream project, in Nova Scotia. The company said on Wednesday that... 


Implats expects considerably lower earnings owing to dollar metal price, logistics
15th August 2023 By: Tasneem Bulbulia

JSE-listed Impala Platinum (Implats) expects its headline earnings for the year ended June 30 to decrease by between 38% and 44% year-on-year to between R18-billion and R20-billion and its headline... 


Ecuador’s tense vote also threatens to end mining, oil projects
15th August 2023 By: Bloomberg

While investors are focused on Ecuador’s tumultuous presidential election, two other measures on the ballot in the August 20 vote will also shape the country’s financial future. Ecuadorians are... 


Erdene updates feasibility study for Mongolia gold mine
15th August 2023 By: Mariaan Webb

Canadian miner Erdene Resource Development (ERD) is working towards achieving first gold and cash flow from the Bayan Khundii mine, in Mongolia, in about two years’ time, president and CEO Peter... 


Harmony Gold CEO Peter Steenkamp.
Green electrons being delivered to Harmony Gold's Free State mine shafts
15th August 2023 By: Martin Creamer

The green electrons that have begun to flow into the Free State mine shafts of Harmony Gold will reduce carbon dioxide emissions by 65 000 t in the first 12 months of operation, Mining Weekly can... 


A Goldplat plant in South Africa
Goldplat looks forward to improved 2024 performance after another difficult quarter
15th August 2023 By: Creamer Media Reporter

The operating profit of Aim-listed mining services group Goldplat, which owns and operates gold recovery operations in South Africa and Ghana, decreased to £1.19-million for the fourth quarter of... 


Perpetua appoints projects VP to lead Stibnite activities
15th August 2023 By: Creamer Media Reporter

As the Stibnite gold and antimony project, in Idaho, advances toward a construction decision, Perpetua Resources has appointed Michael Wright VP of projects to lead the development. Wright will... 


Mexican mining chamber calls for end to strike at Newmont gold mine
Mexican mining chamber calls for end to strike at Newmont gold mine
15th August 2023 By: Reuters

Mexico's Camimex mining chamber has called on the authorities to help end a strike at the country's leading gold mine, Newmont Penasquito project in northern Zacatecas state, it said in a statement... 


Akobo appoints consultancy veteran as Segele mine manager
14th August 2023 By: Marleny Arnoldi

Ethiopia-focused gold miner Akobo Minerals has appointed Professor Steven Rupprecht as mine manager and strategic adviser to its Segele operation in southwest Ethiopia. He initially worked for... 


Jubile Metals CEO Leon Coetzer
Jubilee appoints new CFO, strategic and operational executive team
14th August 2023 By: Cameron Mackay

Metals processing company Jubilee Metals announced it has expanded its executive leadership team in support of its growth strategy. This comes with the appointment of Neal Reynolds as CFO,... 


Booysendal is delivering strong growth on the back of solid production from North mine, as well as the ongoing ramp-up of South mine
Impairments result in lower basic, headline earnings for Northam
14th August 2023 By: Cameron Mackay

Platinum group metals (PGMs) miner Northam Holdings expects to report a 70% to 80% year-on-year decrease in basic earnings a share to between R5.23 and R7.84 for the financial year ended June 30,... 


Argonaut's Ontario gold mine ramping up
Argonaut's Ontario gold mine ramping up
14th August 2023 By: Mariaan Webb

The ramp-up of the Magino project, in northern Ontario, is under way, putting the mine on track to achieve commercial production during the current quarter, reports Toronto-listed Argonaut Gold CEO... 


The Kensington mine in Alaska
Coeur lowers gold guidance
14th August 2023 By: Mariaan Webb

Precious metals miner Coeur Mining has maintained its 2023 silver production guidance, but lowered its gold forecast for the year, citing second-quarter challenges at its Kensington mine, in... 


Hochschild CEO Ignacio Bustamante
Hochschild eyes 300 000 oz/y from Chile gold project
14th August 2023 By: Mariaan Webb

London-listed Hochschild Mining has dusted off plans for the Volcan project, which it acquired more than a decade ago when it bought Andina Minerals in 2012. The project, located in the Maricunga... 


Underground activities resume at New Afton
14th August 2023 By: Creamer Media Reporter

Canadian miner New Gold has resumed underground mining activities at its New Afton mine, in Kamloops, British Columbia. This follows confirmation of the structural integrity of its New Afton... 


Chaarat CEO Mike Fraser
Chaarat mulls sale of Kapan mine
11th August 2023 By: Mariaan Webb

Aim-quoted gold miner Chaarat Gold is evaluating financing options for corporate and asset purposes, including the sale of its only operating mine, Kapan, in Armenia, CEO Mike Fraser reported on... 


Drought conditions affecting water resources
Water-mining interdependence poses operational challenges, risks to miners
11th August 2023 By: Schalk Burger

The water-mining interdependence, or nexus, poses several operational challenges to mining companies, including physical, reputational and regulatory-related risks and, as water-related risks... 


Argonaut appoints new board member
11th August 2023 By: Creamer Media Reporter

Toronto-listed Argonaut Gold has appointed Janet Yang to its board of directors, with effect from August 10. Yang is research director, energy and mining at GMT Capital. Prior to joining GMT, from... 


The Kiena Complex
Poised to turn a corner, Wesdome ditches ATM facility
11th August 2023 By: Mariaan Webb

Toronto-based miner Wesdome Gold Mines new president and CEO Anthea Bath believes the company is poised for a production and free cash flow rebound next year, as confidence in the near-term grade... 


The Cote project leach tanks in July 2023
Côté provides strong foundation for Iamgold to grow in Canada
11th August 2023 By: Mariaan Webb

The Côté gold project, in Ontario, has made “remarkable progress” with activities now transitioning from bulk construction to finishing activities and operational readiness, ahead of first... 


Image shows the Lihir operations
Newcrest revenue rises on higher output
11th August 2023 By: Esmarie Iannucci

Takeover target Newcrest Mining has reported a 7% increase in revenue for the full year ended June, on the back of higher copper and gold production. The miner reported that revenue for the 12... 


Ramelius won't up the bid for Musgrave
11th August 2023 By: Esmarie Iannucci

Gold miner Ramelius Resources will not be increasing its takeover offer for fellow listed Musgrave Resources. In a bidder’s statement released on Friday, Ramelius said that its current offer for... 


Organisation appoints new board
11th August 2023

Internationally recognised nonprofit organisation International Women in Mining (IWiM) last month announced its new governance board and advisory council to support the next wave of strategic... 


Graham Herbert
Graham Herbert
11th August 2023

This week we profile Graham Herbert, MD of TEBA, which serves mines and mineworkers in the gold and platinum sectors 


Image of gold pour
Tasiast 24k project, Mauritania – update
11th August 2023 By: Sheila Barradas

Kinross Gold has reported that the process plant is regularly reaching design throughput. 


Image of Reko Diq project, in Pakistan
Reko Diq copper/gold project, Pakistan – update
11th August 2023 By: Sheila Barradas

The Reko Diq mine could be in production by 2028. 


Aerial view of the Platrref project, in South Africa
Platreef palladium/rhodium/nickel/platinum/copper/gold project, South Africa – update
11th August 2023 By: Sheila Barradas

Ivanhoe Mines is undertaking optimisation work to identify value-accretive options for installing hoisting capacity to Platreef's Shaft 3. 


Aerial view of the Idaho Cobalt operations, in Canada
Idaho Cobalt Operations, US – update
11th August 2023 By: Sheila Barradas

Jervois entered an agreement for $15-million in funding from the US government for drilling at its Idaho Cobalt Operations and to conduct a bankable feasibility study for the construction of a... 


Magazine cover image
Better resources, collaboration required to tackle mine security as illegal mining spikes
11th August 2023 By: Nadine James

Illegal mining has grown in scale and complexity, forcing mine security personnel and law enforcement to adapt as traditional security measures become obsolete. Additionally, the sophistication of... 


Image of gold nuggets and dust
Jugan gold project, Malaysia
11th August 2023 By: Sheila Barradas

Besra Gold plans to build a pilot plant with an initial nominal throughput capacity of 50 t/d. 


Image of Devon operations, in Australia
Devon gold project, Australia
11th August 2023 By: Sheila Barradas

An updated scoping study has estimated that the project could produce 39 000 oz of gold over 16 months. 


Magazine cover image
Better resources, collaboration required to tackle mine security as illegal mining spikes
11th August 2023 By: Nadine James

Illegal mining has grown in scale and complexity, forcing mine security personnel and law enforcement to adapt as traditional security measures become obsolete. Additionally, the sophistication of... 


Harmony logo
Harmony - Women in Mining
11th August 2023

Harmony’s inspiring women’s voices are leading the change At Harmony, we are committed to addressing important social issues such as gender diversity in our workforce. 


Gold Fields logo
Gold Fields - Women in Mining
11th August 2023

Adwoa Pokuaa Issaka Position: Unit Manager Safety at Gold Fields, South Deep 


Image of Kouroussa operations
Kouroussa mine, Guinea
11th August 2023 By: Sheila Barradas

A gold mine in the Siguiri basin, in Guinea. 


Akobo secures MKS as gold refinery, distribution partner
10th August 2023 By: Marleny Arnoldi

Ethiopia-focused mining company Akobo Minerals has signed an agreement with Swiss precious metals fabricator MKS PAMP for various gold refinery-related services. MKS will provide turnkey refining... 


Zimbabwe Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa
Minister highlights Zimbabwe mining sector’s growth potential
10th August 2023 By: Martin Zhuwakinyu

By bringing previously unregulated small-scale miners into the formal fold and introducing incentives for established producers, Zimbabwe has boosted its gold output from about 20 t to 35 t a year... 


PGMs turn supportive in June’s mining output stats
10th August 2023 By: Marleny Arnoldi

Statistics South Africa (Stats SA) reports that mining production increased by 1.1% year-on-year in June, with the largest positive contributors having been platinum group metals (PGMs) and gold.... 


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pqt: 4.576s - ct: 4.674s - 479pq - 2rq
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