Zimbabwe may sell 40% stake in a key gold mine to raise capital
Zimbabwe’s state-owned Kuvimba Mining House is broadening its search for equity partners and financiers for its gold and lithium mines in a bid to raise capital and expand mineral production.
-
-
Visit: 48
Zijin Mining to take 9.9% stake in Montage Gold
Canadian miner Montage Gold on Tuesday said Chinese mining firm Zijin Mining Group would take a 9.9% strategic stake in the company through its brokered private placement.
-
-
Visit: 48
Barrick’s quarterly gold and copper output edges higher
Canadian miner Barrick Gold’s second-quarter gold output edged up by almost 0.9% from the previous three months, helped by higher production at Turquoise Ridge in Nevada and expansion at its Porgera mine in Papua New Guinea, it said on Tuesday.
-
-
Visit: 25
Uganda is latest African nation eying gold as currency shield
Uganda plans domestic gold purchases to build foreign exchange reserves and limit risks on reserve investments, becoming the latest African nation to turn to the precious metal to back up its currency.
-
-
Visit: 48
IRH mining dealmaker met with Congo gold smugglers, UN says
A businessman who has been leading a push into mining by Abu Dhabi’s largest listed company has been cited for having dealings with smugglers of gold from central Africa, according to a United Nations report.
-
-
Visit: 39
Global gold ETFs saw second month of inflows in June, says WGC
Global physically backed gold exchange traded funds (ETFs) saw the second consecutive month of inflows in June due to additions to holdings by Europe- and Asia-listed funds, the World Gold Council (WGC) said on Tuesday.
-
-
Visit: 47
China’s central bank refrains from gold purchases for a second month
China’s central bank refrained from gold purchases to its reserves for a second consecutive month in June, official data showed on Sunday.
-
-
Visit: 53
India boosts gold reserves by most in two years
India’s central bank probably increased its gold reserves by the most in almost two years last month, according to a World Gold Council analyst.
-
-
Visit: 61
Gold prices rise to one-month high after US jobs report
Gold prices extended gains on Friday to their highest level in a month following key US jobs data that showed the labor market was softening, lifting expectations around a Federal Reserve interest rate cut in September.
-
-
Visit: 54
Cyanide spill detected near Victoria Gold’s Eagle mine in Canada’s Yukon Territory
Canada’s Yukon Territory said elevated levels of cyanide were detected in a waterway near Victoria Gold Corp.’s Eagle mine after an equipment failure and landslide at the site.
-
-
Visit: 52
More central banks to increase gold reserves within 12 months
More central banks plan to add to their gold reserves within a year and more of them expect others to do so as well, due to ongoing macroeconomic and political uncertainty despite high prices for the precious metal, the World Gold Council (WGC) said in its annual survey.
-
-
Visit: 75
Gold Fields cuts output forecast after bad weather hits new Chile mine
Gold Fields on Thursday lowered its annual gold production forecast after bad weather impacted the ramp-up at its new Salares Norte mine in Chile, sending its shares down 8%.
-
-
Visit: 91
Congo to buy out UAE partner in gold venture as shipments slump
Democratic Republic of Congo is finalizing a deal to take full control of a gold-export joint venture from its Emirati partner, after shipments slumped.
-
-
Visit: 115
Gold rush to endure through 2024, though $3,000 mark may prove elusive
Gold’s lightning rally to successive record highs shows every sign of continuing in the second half of 2024 as the fundamental case for bullion remains firmly in place, though $3,000 per ounce looks just out of reach, traders and industry experts said.
-
-
Visit: 110
Gold rush grips Asia despite near-record prices
Demand for gold in Asia is surging despite prices hovering near the record highs it hit in May, industry officials say, as buyers snap up the metal to hedge against geopolitical and economic uncertainty.
-
-
Visit: 101
New-look Polymetal aims to double gold output with Central Asia M&A
Gold producer Polymetal International plans to double output by 2029 through acquisitions in Central Asia and will halt dividends while pursuing that goal, it said on Tuesday in a strategy shift since the sale of its Russian assets.
-
-
Visit: 72
China’s central bank to return to gold buying as prices ease
China, the biggest official sector buyer of gold, is expected to resume its bullion shopping spree once prices ease from the record highs hit in May, as the fundamental case for the metal remains, industry players said at a conference this week.
-
-
Visit: 49
China’s central bank paused gold purchases in May after 18 months of buying
China’s central bank paused gold purchases to its reserves in May, when spot gold prices hit a record high, after 18 months of consecutive purchases, official data showed on Friday.
-
-
Visit: 136
Gold price falls most in two years on jobs data, China buying pause
Gold fell the most in more than two years as surprise strength in a key US jobs report dashed hopes that the Federal Reserve will be able to start lowering borrowing costs soon.
-
-
Visit: 74
Global gold ETFs saw first inflows in a year in May, says WGC
Global physically backed gold exchange traded funds (ETFs) attracted their first inflows in May after a year, powered by additions to holdings by Europe- and Asia-listed funds, the World Gold Council (WGC) said on Thursday.
-
-
Visit: 87
Opening of new mines boosts Ivory Coast 2023 gold output
Ivory Coast’s gold output hit a record high in 2023, helped by the opening of new mines, and will continue to grow further, mines minister Mamadou Sangafowa Coulibaly said on Thursday.
-
-
Visit: 84
Mali gold mining revenue fell by 26% in 2023
State revenue from gold mining companies in Mali fell 26% last year, hit by lower taxes, a document from the west African country’s mines ministry showed on Wednesday.
-
-
Visit: 83
Gold purchases by central banks were strong in April despite high prices
Net purchases of gold by global central banks rose to 33 metric tons in April from a revised net buying of 3 tons in March, the World Gold Council (WGC) said, signalling continuing strong appetite from the sector despite high prices for the metal.
-
-
Visit: 78
Probe Gold to raise $11 million for Quebec exploration
Probe Gold is looking to raise more than C$15 million ($11 million) via a private placement led by Beacon Securities and Canaccord Genuity to fund its exploration efforts in Quebec.
-
-
Visit: 88
Funds are most bullish on gold in four years as prices hit record
Money managers became the most bullish on gold in more than four years as prices surged to a fresh record earlier this week.
-
-
Visit: 151