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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Gold
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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Should Russia’s gold pay for Ukraine’s war damages?
Kremlin spokesman Dmitry Peskov said Western countries used sanctions to steal its gold and foreign exchange reserves to transfer them
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Barrick and Pakistan review progress on Reko Diq copper-gold Project
Quetta, Balochistan – Barrick Gold Corporation president and chief executive Mark Bristow says the process of completing the final agreements
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Newmont delays Yanacocha Sulfides Project
DENVER – Newmont Corporation has announced it will delay the full-funds investment decision for the Yanacocha Sulfides project in Peru
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Glencore to acquire Newmont’s shareholding in the MARA Project
Glencore International AG (GIAG) and Newmont Corporation have announced they have reached an agreement in which Glencore will acquire Newmont’s
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Rio Tinto completes sale of Cortez Gold Royalty for $525 million
LONDON – Rio Tinto has completed the sale of a royalty it holds on an area including the Cortez mine
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Freeport-McMoRan: copper, gold and molybdenum production up in Q2
Freeport-McMoRan, the world’s second largest copper miner, announced today that the company produced 1,075 million pounds of copper in Q2
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Why a Russia’s Gold Standard Is Not Happening
According to Gary Wagner the Editor of TheGoldForecast.com and Jeff Christian of CPM Group, Russia did not return to a
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Sibanye-Stillwater: gold operations disrupted by strike
Sibanye-Stillwater’s managed SA gold operations were impacted by various operational disruptions during Q1 2022. Production from the Beatrix underground operations
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True partnership will deliver Reko Diq Project
TORONTO – The groundbreaking partnership agreement between Barrick, the federal government of Pakistan and the provincial government of Balochistan should
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Pueblo Viejo moves forward with life of tailings storage facility
Toronto – Barrick Gold Corporation has announced that the Dominican Government had completed its strategic review of the location of
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Endeavour to launch construction of Sabodala-Massawa expansion
LONDON – Endeavour Mining has announced that it will soon launch the construction of its Sabodala-Massawa expansion in Senegal, supported
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Ity Gold is expected to produce between 255-270koz in 2022
Production of Endeavour’s Ity Gold Mine in Côte d’Ivoire remained consistent in Q4-2021 with the prior quarter as higher mill
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Boungou Gold Mine to produce between 130-140koz in FY-2022
Production at Endeavour’s Boungou Gold Mine, Burkina Faso decreased Q4-2021 vs Q3-2021 due to a lower mined and processed grade
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Barrick and Balochistan Agree in Principle to Restart Reko Diq Project
Islamabad – Barrick Gold Corporation and the governments of Pakistan and Balochistan have reached agreement on a framework that provides
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PGMs and gold beat fast reverse, but all-time highs still possible
“Things can’t just keep going up. At some point, equilibrium level has to be reached,” said Edward Meir, analyst with
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Gold, palladium, oil shoot up whilst Russia’s economy crippled
Unprovoked Russia’s war on Ukraine has entered its second week and it is no surprise that traders are looking for
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Filo Mining receives $79 million investment from BHP
Filo Mining announced today a $79 million (C$100 million) non-brokered private placement in the company by BHP Western Mining Resources
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Gold price starts the week back above $1,900 but sees volatility
The gold market continues to see significant volatility as Western nations react to the Russian invasion of Ukraine. Countries across
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Gold behaves unpredictably as the Ukraine conflict evolves
Inflationary pressures will likely continue to spiral higher as the Russian invasion of Ukraine continues. Russia produces roughly 10% of
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Top 10 gold producing countries in 2021
World’s total gold mine production in 2021 amounted to ~3,000 tonnes and was marginally ~1% lower than in 2020 (3,030
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Barrick’s Tanzania gold mines advancing to tier one status
Bulyanhulu Gold Mine – North Mara and Bulyanhulu, which were moribund gold mines when Barrick took over their management two
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FLSmidth to supply material handling equipment for gold mine
FLSmidth has been chosen to supply In-Pit Crushing & Conveying (IPCC) equipment for the upstream section of Polyus’ Blagodatnoye gold
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Pan African’s tailings retreatments produce 70koz/y of recovered gold
Pan African claims the group has a track record of successfully bringing tailings retreatment operations to fruition. Pan African has
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GOLD: Will the bounce be significant?
The price of gold is in a larger downtrend and correction but rebounds after a Fed meeting, leading many to
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St Barbara to acquire Bardoc Gold for $111.7 million
St Barbara said today it is acquiring Bardoc Gold for A$157 million (US$111.7 million). Bardoc shareholders will receive 0.3604 new
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