Allied Gold pours first gold at Ethiopia’s Kurmuk mine
Allied Gold has achieved first gold pour at its Kurmuk mine in Ethiopia, progressing towards commercial production by the end of the year and full capacity in 2027.
Barrick's Fourmile study faces delays as mine plans change
Barrick Mining is reconsidering the development path for its flagship Fourmile gold deposit in Nevada to potentially share infrastructure with the neighbouring Goldrush mine,…
Higher gold price lifts Barrick profit despite production decline
Higher realised gold prices boosted Barrick Mining's third-quarter profit to $1.32bn, successfully offsetting lower production caused by severe weather and operational delays.
Allied Gold plans shareholder payouts even as costs rise
Allied Gold plans to initiate dividends and share buybacks as its low-cost Kurmuk mine in Ethiopia starts up, balancing higher operating costs with future output growth.
AngloGold holds output target despite 9% production fall
AngloGold Ashanti has affirmed its full-year production forecast of up to 3.17 million ounces, despite higher mining costs and a 9% decline in third-quarter output.
Gold Fields puts question mark over Northern Star bid
Gold Fields has cast fresh doubt over its proposed $23bn buyout of Northern Star Resources, indicating there is no certainty a deal will be concluded amid pressure to sweeten the…
Why even record gold prices can't coax a new mine from SA
Despite historic gold prices, South Africa struggles to open new mines. Decades of lagging exploration, deep-level infrastructure costs, and regulatory barriers are holding back…
Gold mining cost inflation strikes a 13-year high
Gold mining costs climbed to a record high of $1,930 an ounce, driven by sharp cost inflation, yet global output remains on track for another annual record.
Endeavour gold target on track despite Mana collapse
Endeavour Mining has temporarily halted underground mining operations at its Mana mine in Burkina Faso after an access ramp subsided, blocking portals to active areas.
Canada green lights Gold Fields's $1.9bn Windfall project
Gold Fields has secured a crucial environmental permit for its $1.9bn Windfall gold project in Québec, clearing the path towards full project construction.
Gold miners face a harder hunt for new ounces
Major gold producers struggle to maintain output as rising M&A costs, long lead times, and fewer major discoveries restrict global mine supply.
West African Resources to clear debt as cash tops A$1bn
West African Resources aims to clear all debt within the next year after strong quarterly operations pushed its cash reserves beyond A$1bn.
West Wits doubles development as clock ticks on gold target
West Wits Mining ramped up underground development at its Qala Shallows gold mine during the September quarter, moving closer to primary commercial production.
SA's newest platinum projects turn to gold, chrome
Junior platinum developers in South Africa are pivoting to lucrative gold and chrome co-products, transforming project economics amid shifting commodity prices.
Ghana signals Tarkwa may stay in foreign hands
Ghana has indicated that major long-life gold mines are best managed by international operators, boosting Gold Fields' prospects of securing lease renewals at Tarkwa.
DRDGold cash flow on the rise as capex burden eases
DRDGOLD recorded R725.8m in free cash inflow for the September quarter, driven by higher gold output and stronger prices that lifted operating profit by 42%.
BlackRock's Hambro lays into "reckless" gold company buy-backs
BlackRock's Evy Hambro has slammed major gold producers for committing billions to share buy-backs without adequate planning, labelling the move reckless capital allocation.
Rich families are buying gold and the companies that mine it
Family offices that initially moved into bullion and gold ETFs are now expanding into gold mining equities, seeking a multiplier effect amid broader portfolio diversification.
Gold Fields urged to drop dilutive Northern Star bid
UK asset manager Redwheel has called on Gold Fields to abandon its $23.6bn hostile takeover of Northern Star Resources, arguing the equity-backed deal dilutes shareholder upside…
Caledonia cuts gold output target at Zim’s Blanket
Caledonia Mining has lowered its full-year production guidance and increased cost forecasts at the Blanket mine in Zimbabwe following operational setbacks in the third quarter.