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Gold bulls eye more record highs despite lightning gains
Gold bulls eye more record highs despite lightning gains
5th April 2024 By: Reuters

An upgraded gold price forecast for 2024 from Nicky Shiels, head of metals strategy at Swiss gold refinery MKS PAMP, drew an unexpected follow-up question this week from market participants. The... 


Copper cathode produced in Zambia
Zambia's copper output may rise to one-million tons by 2026 as mines expand
5th April 2024 By: Reuters

Zambia's copper output could rise to about one-million tons by 2026, boosted by investment in expanding production at mines including those owned by First Quantum Minerals, Finance Minister... 


Shanta Gold operation in Tanzania
Shareholders approve Saturn Resources’ takeover of Shanta Gold
5th April 2024 By: Marleny Arnoldi

Gold miner Shanta Gold has confirmed that the requisite majority of voting scheme shareholders have voted in favour of a takeover by Tanzania-based Saturn Resources, or Bidco, which is a newly... 


Iamgold strengthens balance sheet with gold prepay changes
Iamgold strengthens balance sheet with gold prepay changes
5th April 2024 By: Creamer Media Reporter

Canadian miner Iamgold has announced the execution of a forward gold sale arrangement and a partial amendment to an existing gold prepay agreement to optimise its financial position. The net... 


Australian gold miner still has plan to drill in war-torn Sudan
5th April 2024 By: Bloomberg

Australian gold producer Perseus Mining hasn’t ditched a long-term plan to mine in war-torn Sudan, even as it chases other deals across Africa to sustain its output. The third-biggest... 


The Abra plant during construction in June 2022
Abra Mining goes into administration
5th April 2024 By: Creamer Media Reporter

Richard Tucker and Robert Hutson of KordaMentha Restructuring have been appointed as voluntary administrators of Abra Mining, which owns and operates a lead and silver mine in the Gascoyne region... 


FLSmidth image
FLSmidth
5th April 2024

As a more than 140-year-old Danish company, FLSmidth is a leading technology and service sup-plier to the global mining and cement industry. With its MissionZero programme, it has set a tar-get of... 


An image of Shirley Webber
Growth potential, challenges presented in West Africa
5th April 2024 By: Lumkile Nkomfe

West Africa’s mining and industrial sectors are characterised by growth and challenges, says multinational banking and financial services provider Absa Corporate and Investment Banking (CIB)... 


An image of a Metso grinding mill facility
High-capacity grinding mill deal concluded
5th April 2024

Finland-based industrial machinery company Metso Corporation has been awarded an order to deliver an 18 MW semi-autogenous grinding (SAG) mill for the Phase 2 expansion at Canadian mineral... 


A large sign next to the road at the entrance to the Mponeng Mine owned by Harmony Gold that states it is the deepest mine globally
Deep-level investment
5th April 2024 By: Halima Frost

Gold major Harmony’s strategy is to direct major capital towards its high-grade underground mines and high-margin surface source operations to improve profitability. The decision to extend Mponeng,... 


An Aerial view of the Balnket Mine in Zimbabwe owned by Mining Corporation
Miner eyes further growth in Zimbabwe
5th April 2024 By: Halima Frost

In its constant drive to increase its representation and relevance in the country’s mining sector, Zimbabwe-focused explorer, developer and miner Caledonia Mining Corporation has changed its mining... 


An image of mining haul trucks
Regional growth prospects remain positive
5th April 2024 By: Lumkile Nkomfe

Long-term growth prospects in West Africa remain positive, says security research organisation the Institute for Security Studies (ISS), with the scenarios emerging from its African Futures and... 


Image of gold bars
Songjiagou mine, China
5th April 2024 By: Sheila Barradas

A gold mine in the Muping-Rushan gold belt, in Shangdong province. 


Image of gold pour
Côté gold project, Canada – update
5th April 2024 By: Sheila Barradas

Iamgold has successfully completed the inaugural gold pour at the Coté project. 


Location map of the Kouroussa project
Kouroussa gold project, Guinea – update
5th April 2024 By: Sheila Barradas

Commercial production will be delayed beyond the targeted first quarter of 2024. 


Image of gold pour
Salares Norte gold project, Chile – update
5th April 2024 By: Sheila Barradas

Production has started. 


Drilling at one of Harmony's mines
Harmony concludes landmark wage negotiations with five unions at once
4th April 2024 By: Darren Parker

Gold miner Harmony Gold has concluded a landmark five-year wage agreement in respect of increases to wages and other conditions of service with its five labour unions, being the coalition, which... 


DRDGold image
Tailings management at DRDGOLD
4th April 2024

DRDGOLD produces gold by the large-scale retreatment of mine waste stored in dormant mine dumps and old tailings storage facilities (TSFs). TSF safety therefore plays a prominent role at its... 


Shanta progressing exploration in Tanzania, Kenya
4th April 2024 By: Sabrina Jardim

Aim-listed gold producer, developer and explorer Shanta Gold has reported total group-wide resources of 3.51-million ounces grading 3.31 g/t gold across its New Luika and Singida gold mines in... 


Explorer Snowline announces C$25m placement
4th April 2024 By: Creamer Media Reporter

Snowline Gold, a TSX-V-listed company focusing on projects in Yukon Territory, on Wednesday announced a bought-deal private placement of 3.2-million “flow-through” shares to raise about... 


African development banks expected to fund Caledonia's new Zimbabwe mine, CEO says
4th April 2024 By: Reuters

African development banks are seen as the most likely funders of Caledonia Mining Corporation's planned $250-million gold mine in Zimbabwe, the mining company's CEO Mark Learmonth said on... 


Uganda to launch first domestic tin processing plant next month
4th April 2024 By: Reuters

Uganda will commission its first tin refining plant in the southwestern region next month, a senior mining ministry official said, as part of efforts to expand capacity and add value domestically... 


Gold sets another record high above $2 300 after Powell comments
Gold sets another record high above $2 300 after Powell comments
4th April 2024 By: Bloomberg

Gold set another record high above $2 300 an ounce on the likelihood the Federal Reserve will cut interest rates this year, and sustained demand from central banks. Bullion touched a peak of $2... 


Alamos closes Ordford acquisition
4th April 2024 By: Mariaan Webb

Intermediate gold producer Alamos Gold has completed the previously announced acquisition of TSX-V-listed Ordford Mining. The Ontario Superior Court of Justice granted the final order on April 2... 


Resources Watch
Resources Watch
3rd April 2024

This week: Mechanical cutting is going to be key for mining going forward – Master Drilling and, DRDGOLD to determine economic viability of copper recovery from Copper 360’s tailings dams 


Thor Exploration acquires licences in Senegal
3rd April 2024 By: Tasneem Bulbulia

TSX-V and Aim-listed Thor Exploration has completed the acquisition of interests in two licences in southeast Senegal where it is currently advancing the Douta gold project to a preliminary... 


Tshiamiso CEO Dr Munyadziwa Kwinda
Tshiamiso Trust reaches R1.5bn payout milestone
3rd April 2024 By: Marleny Arnoldi

The Tshiamiso Trust, which was established to disburse compensation funds to mineworkers who contracted silicosis and tuberculosis (TB) while employed by certain companies in South Africa’s gold... 


ARM Executive Chairperson Dr Patrice Motsepe
South Africa’s ARM to acquire 15% of Canada’s Surge Copper
3rd April 2024 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) has entered into a subscription agreement for a private placement financing with Surge Copper, a Canadian company that is advancing an... 


Scottie agrees royalty with Franco-Nevada
3rd April 2024 By: Creamer Media Reporter

Gold company Scottie Resources has announced a C$8.1-million financing package with Franco-Nevada, encompassing a 2% gross production royalty on all minerals produced on Scottie’s claims in the... 


Gold hits record as silver surges on outlook for Fed rate cuts
Gold hits record as silver surges on outlook for Fed rate cuts
3rd April 2024 By: Bloomberg

Gold held near a fresh record and silver hit a two-year high as two Federal Reserve officials said they still expect the US central bank to cut rates three times in 2024, buoying the outlook for... 


Long-awaited McPhillamys to cost A$1bn, says Regis Resources
Long-awaited McPhillamys to cost A$1bn, says Regis Resources
3rd April 2024 By: Mariaan Webb

The long-awaited McPhillamys project, in New South Wales, would require about A$1-billion before it produced its first gold, owner Regis Resources said on Wednesday. In a definitive feasibility... 


Argentinean entrepreneur Elsztain acquires 5% in Challenger, eyes larger investment
2nd April 2024 By: Creamer Media Reporter

Argentinean businessman and entrepreneur Eduardo Elsztain has acquired an initial 5% stake in Challenger Gold and has signalled an intention to take a larger stake pending a more detailed due... 


Goldstone advances capital raising plans, chairperson steps down
2nd April 2024 By: Sabrina Jardim

Bill Trew has stepped down as chairperson of Aim-listed Goldstone Resources, effective April 1. Further, the company, which owns gold exploration assets in Ghana, continues to advance its capital... 


Gold Fields says the January 2 fatality has affected the operational momentum at South Deep
Gold Fields warns of lower first-quarter production
2nd April 2024 By: Mariaan Webb

JSE- and NYSE-listed Gold Fields on Tuesday cautioned of lower first-quarter production, citing operational challenges at the South Deep mine, in South Africa, and weather-related events in... 


Gold Fields’ new Chile mine delivers its first gold
Gold Fields’ new Chile mine delivers its first gold
2nd April 2024 By: Mariaan Webb

The new Salares Norte mine, in Chile, has produced its first gold, Johannesburg- and New York-listed Gold Fields reported on Tuesday. The new mine, which is key to the company achieving its gold... 


Gruyere on path to recovery amid rain setback
Gruyere on path to recovery amid rain setback
2nd April 2024 By: Mariaan Webb

Operations at the Gruyere joint venture (JV), in Western Australia’s north-eastern Goldfields, will start resuming during the first week of April, midtier miner Gold Road Resources reported on... 


Firefly raises A$52m for Canada project
Firefly raises A$52m for Canada project
2nd April 2024 By: Creamer Media Reporter

Canada-focused FireFly Metals has announced A$52-million in funding to accelerate resource growth at its Green Bay copper and gold project, in Newfoundland. The Australia-listed company last week... 


A January 2024 image of the Cote project
Iamgold’s Côté mine marks inaugural gold pour
2nd April 2024 By: Creamer Media Reporter

NYSE- and TSX-listed Iamgold has successfully completed the inaugural gold pour at its newest mine in Canada – Côté, in Ontario. The company now has three operating mines, joining Essakane, in... 


Glencore boosts investment in Stillwater Critical Minerals
Glencore boosts investment in Stillwater Critical Minerals
2nd April 2024 By: Mariaan Webb

Global commodities trader Glencore is investing a further C$2.1-million into Stillwater Critical Minerals, providing financial support for the continued exploration of the company’s North American... 


Gold hits record on Fed cut outlook and geopolitical tension
Gold hits record on Fed cut outlook and geopolitical tension
2nd April 2024 By: Bloomberg

Gold rose to a record as the second quarter kicked off, extending a rally that’s been driven the Federal Reserve edging closer to rate cuts and deepening geopolitical tensions. Bullion jumped as... 


Image of copper ore
Radomiro Tomić mine, Chile
29th March 2024 By: Sheila Barradas

A copper mine in Calama, Antofagasta region, Chile. 


Image of lithium ore
Bougouni lithium project, Mali – update
29th March 2024 By: Sheila Barradas

The project is on track to start production in the fourth quarter. 


Image of Tulu Kapi mineralised drill core
Tulu Kapi gold project, Ethiopia – update
29th March 2024 By: Sheila Barradas

Kefi Gold and Copper has achieved further positive developments at the Tulu Kapi gold project. 


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