Sibanye Stillwater – Operating update ended 30 September 2024
Johannesburg: Sibanye Stillwater provides an operating update for the quarter ended 30 September 2024. Salient features compared to quarter ended
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Gold
Geopolitical tensions: Gold can act as a flight to safety instrument
Russia invaded Ukraine on February 24, 2022, and since then, the S&P 500 is up approximately 27.5%. Hamas attacked Israel
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Impact geopolitical tensions on gold and Bitcoin markets
Mark Twain said “History doesn’t repeat itself, but it often rhymes.” It is an important concept to think about with
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Porgera remains on track despite Mulitaka landslide challenges
Port Moresby, Papua New Guinea – Despite the operational challenges presented by the recent Mulitaka landslide, Porgera Gold Mine has
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Exploring one of the world’s richest goldfields
The goldfields in the Kalgoorli region of Western Australia are one of the richest mineral fields to exist in Australia.
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Gold whizzes above $2,400 as commodities catch fire
Gold prices are continuing their upward trend, and with the decisive break above $2,400 per ounce, analysts and traders are
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Dipping gold mine production is key to gold and silver’s long-term valuations
The gold price is testing resistance at $1,800 an ounce, trading at a fresh four-week high. Gold prices have pushed
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Sibanye-Stillwater to acquire US-based Reldan metals recycler
Johannesburg: Sibanye-Stillwater says that it has entered into a purchase agreement to acquire the Reldan Group of Companies (Reldan). The
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Sibanye-Stillwater profit drops in Q3, due challenging economic environment
Sibanye-Stillwater has reported that production from its gold operations in South Africa (including DRDGOLD) was 197,663 oz in Q3 2023,
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BRICS nations alleged to be stockpiling gold to support new currency
China and Russia may be setting aside some of their massive gold production to support a new currency to rival
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China’s 23 t of gold in July purchase, it’s just getting started
China continues to put the world on notice that it intends to challenge the U.S. dollar’s role as a reserve
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Russia restarts gold and currency purchases at $19 million per day
Russia’s finance ministry announced late last week that it would start buying currencies and gold again in August after 18
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Newmont Defers Investment Decision for Yanacocha Sulfides Project to Advance Portfolio Optimization Strategy
DENVER – Newmont Corp. has announced it will defer the full-funds investment decision for the Yanacocha Sulfides project in Peru
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Lumina Gold sells Cangrejos gold project to Wheaton for $300M
Wheaton Precious Metals has announced that its wholly-owned subsidiary has entered into a definitive precious metal purchase agreement with Lumina
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Endeavour reports 301koz gold production in Q1-2023
ENDEAVOUR has reported that Q1-2023 production from continuing operations amounted to 301koz, a decrease of 54koz or 15% over Q4-2022
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The top 10 countries with the most valuable gold reserves
MiNMET presents the current list of the 30 countries that possess the largest stockpiles of gold, with all monetary values
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Southern Palladium resource estimate average 9.28g/t (6PGE+Au)
Southern Palladium announces that resource estimate for its Far East Block discovery underway with results from 23 UG2 intersections averaging
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2022: Gold and palladium winners silver and platinum lagged behind
Despite a strong start in the first quarter of 2022, last year proved to be a consolidation period for the
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Barrick targets 2028 for start up of Reko Diq copper-gold mine
ISLAMABAD – Barrick president and chief executive Mark Bristow has advised the Pakistan federal and Balochistan provincial government that, following
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Dundee achieved 2022 gold production guidance, copper slightly below
Dundee Precious Metals has reported that in 2022, the company produced 273.1 koz of gold, achieving annual production guidance of
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Inflation remains a positive for gold in 2023, banks buying
Saxo Bank, along with Bank of America, is one of the most optimistic on gold in the new year. Ole
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El Domo: one of highest grade and lowest capital intensity copper-gold projects
Adventus Mining and Salazar Resources have announced that the Government of Ecuador has signed the investment contract in support of
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Will gold price go lower in 2023? How low it can go?
Although the Federal Reserve is slowing the pace of rate hikes, it will continue to tighten its monetary policy in
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Gold to have a difficult start in 2023 but shining by year end
After a difficult year filled with challenging headwinds, the gold market is ending 2022 on an upswing in roughly neutral
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Massive Reko Diq Project Gets All Clear, Barrick Starts Updating Plans
TORONTO – Barrick Gold Corporation has said that it had completed the reconstitution of the Reko Diq Project, having received a favorable opinion
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Harmony acquires Eva Copper, marks beginning of its strategic diversification
JOHANNESBURG – Harmony Gold Mining Company has announce that its acquisition of the Eva Copper project is complete and payment
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SA mining sector contracts 10.4% in October as gold and PGM production lower
According to Statistics South Africa (StatsSA), the domestic mining production decreased by 10.4% year-on-year in October 2022. StatsSA said that
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Russia’s gold reserves a target in U.S. defense spending bill
The U.S. continues to target Russia’s massive gold reserves in an effort to sanction the country for its nearly year-long
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Falling head grades put pressure on gold mining industry
Metals Focus, in its recent report, stated the average head grade at the world’s primary gold operations has been declining
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Anglo Asian to expand capacity of its flotation plant in Azerbaijan
Anglo Asian Mining, a gold, copper and silver producer focused on Azerbaijan, has announced the start of an expansion of
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