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West African achieve solid first quarter production
5th April 2024 By: Tasneem Bulbulia

ASX-listed unhedged gold mining company West African Resources  produced 56 595 oz of gold at its Sanbrado gold operations in the first quarter. The gold, produced from 844 000 t of ore milled at a... 


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... 


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... 


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 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... 


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,... 


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... 


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... 


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... 


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... 


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... 


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... 


Barminco bags A$393m contract at Regis’ Duketon
2nd April 2024 By: Marleny Arnoldi

Mining services firm Barminco has been awarded a A$393-million, three-year contract at Regis Resources’ Duketon operations, in the Goldfields region of Western Australia, ASX-listed Perenti... 


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... 


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... 


Hummingbird warns of delay in achieving commercial production at Kouroussa
28th March 2024 By: Sabrina Jardim

Aim-listed Hummingbird Resources has informed shareholders that commercial production at its Kouroussa gold mine, in Guinea, will be delayed beyond the targeted first quarter of this year owing to... 


Dr Steve Chingwaru
PhD research uncovers invisible gold resource
28th March 2024 By: Sabrina Jardim

Stellenbosch University PhD graduate Dr Steve Chingwaru has uncovered what is potentially the world’s largest invisible gold resource. The geometallurgist’s findings could help unlock gold to the... 


Nigeria to grant mining licences only to companies that process locally
28th March 2024 By: Reuters

Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson confirmed on... 


An image of the Blanket gold mine
Caledonia’s 2023 full-year performance in line with expectations
28th March 2024 By: Tasneem Bulbulia

Gold miner Caledonia Mining notes in its operating and financial results for the year ended December 31, 2023, that its performance was in line with both market expectations and production... 


PNG orders temporary suspension of K92’s Kainantu underground ops
28th March 2024 By: Creamer Media Reporter

The Mineral Resources Authority (MRA) of Papua New Guinea has instructed a temporary halt to underground operations at the Kainantu gold mine operated by K92 Mining.  This directive follows an... 


Karora's Higginsville mine in Western Australia
Karora shifts merger focus after ending talks with Ramelius
28th March 2024 By: Mariaan Webb

Karora Resources, a Western Australia-focused mining company listed on the TSX, announced on Wednesday that it has concluded discussions with Ramelius Resources and that it is now exploring... 


The integration of Alamos' Island Gold mine (pictured) and Argonaut's Magino mine will create synergies of $515-million.
Alamos buys rival Argonaut
27th March 2024 By: Mariaan Webb

Canadian miner Alamos Gold has announced its acquisition of smaller rival Argonaut in an all-stock deal valued at $325-million. The move is poised to create a gold miner with a combined long-term... 


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