Gold forecast to continue upward drive in 2025
GOLD is expected to average $2,795 per ounce this year continuing the gains of last year, said the Financial Times.
Purchases of the metal will...
Hummingbird takeover offer to be declared unconditional
THE delisting of Hummingbird Resources moved a step forward on Friday after the gold miner's main shareholder Nioko waived outstanding conditions on its takeover...
Sibanye-Stillwater bags $500m deal with Franco-Nevada
SIBANYE-Stillwater will receive a welcome upfront injection of $500m (R8.8bn) from a gold and platinum streaming deal entered into with Franco Nevada which will...
Barrick threatens to suspend Mali mine amid deadlock
UNLESS the blockage of gold shipments from Barrick Gold Corporation’s Loulo Gounkoto mine in Mali is lifted, Barrick will be obliged to suspend operations...
Resolute toes the line on Mali’s Mining Code as CEO takes...
Gold miner Resolute Mining will make a third and final payment of $30m to the government of Mali at the end of this month,...
Pan African sees production accelerating in the next six months
Surface and underground gold miner Pan African Resources expects to grow output by 16% to about 215,000oz of gold in its current year, at...
Endeavour’s Assafou PFS shows potential to become a tier 1 asset
Endeavour Mining’s completed pre-feasibility study (PFS) for the Assafou-Dibibango gold project in Cote d’Ivoire confirms the potential for the project to become a tier...
How WGC’s Tait plans to disrupt tyranny of illegal gold trade
TERRORIST groups are tapping into $95bn worth of gold mined by artisanal and small-scale miners, says the World Gold Council (WGC) in a report...
Allied Gold lines up $175m streaming deal for Ethiopia project
ALLIED Gold has raised $175m in a streaming deal with Wheaton Precious International, the Toronto-listed firm announced on Friday.
The upfront cash payment is for...
Mali issues warrant of arrest for Barrick CEO
MALI'S military-controlled government has issued an arrest warrant for money laundering against Barrick Gold Corp. CEO Mark Bristow, said Bloomberg News.
This development comes amid...