Dynasty Gold announced the addition of Dr. E. Max Baker to its team as Technical Board Director. Dr. Baker, an exploration geologist with over four decades of experience across multiple continents, has contributed to the discovery and development of several significant mining projects worldwide. Most notably, Dr. Baker played a pivotal role as a co-founder...
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Gold prices are on the brink of setting a new all-time high as investors around the globe keenly await the release of critical U.S. economic data and insights from the Federal Reserve’s latest policy meeting. This recent upward trajectory in gold prices has been buoyed by substantial central bank acquisitions, showcasing gold’s enduring appeal as...
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Fortuna Silver Mines Inc. reported robust gold and silver production numbers for the first quarter of 2024 from its operations in West Africa and Latin America. The company produced a total of 89,678 ounces of gold and 1.1 million ounces of silver during this period, equivalent to 112,543 gold equivalent ounces when including lead and...
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In today’s Asian trading session, copper prices experienced a slight decline on the London Metal Exchange (LME) due to profit-taking activities. This movement came in the wake of unexpectedly strong US non-farm payroll data released last Friday. According to analysts at Westpac, this data prompted some investors to lock in profits. However, the decline in...
READ MORESt Barbara has announced a substantial upswing in its gold production for the March 2024 quarter (Q3 FY24), marking a significant 33% increase compared to the previous quarter. The Simberi gold operation produced 17,257 ounces of gold during this period, showcasing an improved average milled grade of 1.63 g/t Au and a gold recovery rate...
READ MOREGold Fields, the South African mining giant, has successfully initiated the first production at its Salares Norte gold mine in Chile, marking a significant milestone for the company after a 13-year journey from exploration to production. This development comes in the wake of overcoming numerous obstacles, including soaring costs and technical delays, underscoring the company’s...
READ MOREWest African Resources announced its production figures for the March 2024 quarter from its Sanbrado Gold Operations. The company, which operates without hedging its gold production, continues to make significant strides in its mining activities. For the first quarter of 2024, the company reported gold production of 56,595 ounces and gold sales totaling 49,509 ounces...
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IAMGOLD has announced significant financial arrangements that adjust its gold delivery schedule, effectively enhancing its cash flow for the second quarter of 2024 by approximately $73.6 million, assuming current gold prices. This strategic financial maneuver involves a forward gold sale arrangement for the second quarter of 2025 and a modification to an existing gold prepay...
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DiscovEx Resources has announced plans to acquire Latitude 66, an unlisted Australian public company. Latitude 66 is notable for holding substantial gold and cobalt assets in Finland through its wholly owned subsidiary, Latitude 66 Cobalt Oy. This strategic acquisition positions DiscovEx in Finland’s robust mining sector, home to Europe’s largest gold operation and a significant...
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The Omani-Australian joint venture, which recently launched a successful copper-gold project in Al Mudhaibi, has announced the expansion of its exploration territory in the Al Sharqiyah North Governorate, as granted by the Omani government. Alara Resources Ltd, the Australian entity in the partnership, has been awarded an additional 1,452 square kilometers (sq km) for exploration...
READ MOREOsceola Gold has initiated discussions concerning a potential acquisition, with further details anticipated as agreements are formalized. Concurrently, the company is restructuring its operational framework to enhance its corporate strategy in response to evolving market conditions. Amid a notable increase in gold prices, there has been a heightened demand for skilled mining services, leading to...
READ MOREUzbekistan’s Navoi Mining and Metallurgical Company (NMMC) has marked a significant increase in gold production, surging 2.5 times since 2016, while ore processing capacity has risen by 1.6 times. This growth in production and processing capabilities has led to a 25 percent increase in gold output and a notable 47 percent rise in silver production....
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The current trend in gold prices shows a strong upward movement, continuing to rise despite the robust performance of the US dollar. Technical analyses predict new highs for gold, with silver also showing gains but not at the same pace as gold. Gold’s technical indicators remain strong, with no significant signs of a reversal. The...
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American gold mining giant Newmont has put its Akyem mine in Ghana on the market with a price tag of $2 billion. The decision comes as gold prices surge, crossing the $2,200 per ounce mark, reflecting a 10% increase over the past month, sparking considerable interest among potential buyers. Among the interested parties are prominent...
READ MOREOceanaGold has reported a notable 22.35% rise in gold production at its Didipio Gold-Copper Mine located in Nueva Vizcaya, according to the latest figures released by the Australian-Canadian mining company. Over the past year, the mine successfully produced 138,500 ounces of gold, a significant increase from the 113,200 ounces recorded in the previous year. Joan...
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K92 Mining has reported a temporary halt to underground operations at its Kainantu Gold Mine following an incident on March 10, 2024, which resulted in the death of an employee. The company clarified that the incident, occurring within the mining lease, is considered non-industrial and suspicious, prompting an immediate pause in processing operations for three...
READ MORERiley Gold has signed an agreement with Kinross Gold U.S.A., a subsidiary of Kinross Gold Corporation, to allow Kinross to earn up to a 75% interest in the Pipeline West/Clipper Gold Project (PWC) in Lander County, Nevada. This deal involves Kinross spending a minimum of $20 million on exploration and development. Located in the gold-rich...
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Fortuna Silver Mines has released its financial and operational outcomes for both the fourth quarter and the entirety of 2023. The company, based in Vancouver, British Columbia, encountered a net loss of $92.3 million or $0.30 per share in the fourth quarter due to non-cash impairment charges of $90.6 million, culminating in a total net...
READ MOREArgonaut Gold announced its financial and operational results for the fourth quarter and the end of the 2023 fiscal year. In 2023, the company focused on key objectives, including the on-schedule commissioning of the Magino mine, improving the performance of the Florida Canyon mine, and enhancing operations at its Mexican mines. The company reported exceeding...
READ MOREKumtor Gold, based in Kyrgyzstan, has announced an exceptional performance for the year 2023, with gold production totaling 15.567 tons. The company managed to sell 15.577 tons of gold, generating substantial revenue of $849 million, significantly higher than the anticipated $734.2 million. This success translated into a net profit of $302.4 million for the company,...
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Gold Fields has finalized the sale of its 45% interest in the Asanko Gold Mine in Ghana to Galiano Gold, a transaction announced on 21 December 2023. The deal, which concluded on 4 March 2024, was for a total consideration of US$170 million plus a 1% net smelter royalty on future gold production from the...
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Alara Resources has officially announced the start of concentrate production at its Al Wash-hi – Majaza copper-gold mine and concentrate plant in Oman. This significant development follows the successful completion of commissioning at the mine, which is managed and operated by Al Hadeetha Resources LLC (AHRL), a joint venture in which Alara holds a 51%...
READ MOREResearchers at the Swiss Federal Institute of Technology in Zurich have developed a groundbreaking method for extracting gold from electronic circuit boards, utilizing by-products of the dairy industry, specifically whey, a liquid remaining after milk has been curdled and strained during cheese production. This novel approach not only presents a cost-effective alternative to traditional gold...
READ MOREGold prices remained close to their highest point in a month on Friday, following reports indicating a slowdown in inflation within the United States, as market participants anticipate insights from multiple Federal Reserve monetary policymakers. As of early trading, spot gold increased slightly by 0.1% to $2,046.09 an ounce, reaching near the peak of $2,050.59...
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