Tanzania to pay market prices to miners ordered to sell gold to central bank
Tanzania’s central bank said it will buy gold at market prices from mining firms and traders who were ordered last week to sell it at least 20% of the gold they hold to help diversify its reserves.
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Visit: 29
Yorbeau Resources sells Rouyn gold project for $18.5 million
Quebec-focused explorer Yorbeau Resources has agreed to sell its flagship Rouyn gold property to a group of Australian investors for C$25 million ($18.5 million) — a move that it says will help shore up its balance sheet.
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Visit: 29
Iamgold closer to buying back 9.7% stake in Côté gold mine
Canada’s Iamgold is a step closer to buying back the 9.7% interest in its Côté Gold mine in Ontario from Sumitomo Metal Mining, having issued a 60-day formal notice to exercise its right to repurchase it.
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Visit: 28
Gold price rally cripples physical demand in key markets
Physical demand for gold across key markets has tumbled as prices continue to rise, with some retail consumers opting to sell their holdings and book the profit, industry players and analysts said.
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Visit: 56
Gold prices and poverty fuel illegal mining in Peru’s Amazon
The Nanay River meanders through Peru’s Amazon jungle supplying water to Iquitos city’s half a million inhabitants.
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Visit: 47
Ghana to launch ‘monster mines’ to boost gold production
Africa’s top gold producer Ghana will commission its first large-scale greenfield mine in more than a decade in November, with expected annual production of more than 350,000 ounces, the head of its mining sector regulator told Reuters.
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Visit: 46
Mali junta arrests four employees of Barrick Gold
Mali’s military-led authorities have arrested four employees of Canadian miner Barrick Gold, two sources said on Friday. All four are senior Malian employees, one of the sources said.
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Visit: 38
Money managers’ bullish bets on gold jump to four-year high
Money managers’ bullish wagers on gold jumped to the highest in more than four years as the precious metal registered successive highs after Federal Reserve’s first interest-rate cut since 2020.
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Visit: 41
China stimulus, mighty gold puts silver on a streak, but not without risk
Silver prices have bubbled up to their highest in over a decade on the back of bullion’s stellar bull run and China’s stimulus measures, although some analysts expect the rally to fade as industrial sector demand remains a concern.
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Visit: 43
Gold investors see gains in rate-cut era from ETFs, haven buying
A months-long surge that has seen gold break successive records is drawing in more followers, as interest in physically backed exchange-traded funds gathers pace and more buyers seek to hedge against macroeconomic and geopolitical uncertainties.
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Visit: 55
Gold Reserve drops out of US bidding for shares in Citgo parent
Canadian miner Gold Reserve said on Thursday it has dropped out of a US court-organized bidding for shares in a parent of Venezuela-owned oil refiner Citgo Petroleum, citing court delays, and uncertainty over the sales process.
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Visit: 93
Gold-rich Sudan talks mining with Russia as war alliances shift
Gold-rich Sudan discussed boosting cooperation in the mining sector with Russia, as Moscow strengthens ties with the North African nation’s military-led government amid a 17-month civil war.
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Visit: 73
Goldman says gold may dip if Fed opts for quarter-point cut
Gold may face a minor, near-term setback if the Federal Reserve opts for just a 25-basis-point cut this week, but the metal will subsequently rally to a record aided by rising flows into bullion-backed exchange-traded funds, according to Goldman Sachs Group Inc.
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Visit: 80
Goldman Sachs cuts Q4 iron ore price forecast by $15/t on supply glut
Goldman Sachs on Monday cut its iron ore price forecast for the fourth quarter of 2024 by $15, to $85 per metric ton, citing market oversupply even though demand from top consumer China is stabilizing.
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Visit: 71
Goldman Sachs cuts Q4 iron ore price forecast by $15/t on supply glut
Goldman Sachs on Monday cut its iron ore price forecast for the fourth quarter of 2024 by $15, to $85 per metric ton, citing market oversupply even though demand from top consumer China is stabilizing.
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Visit: 58
Zimbabwe to tackle gold smuggling by boosting mine surveillance
Zimbabwe plans to tackle rampant gold smuggling by increasing surveillance at mining sites, Mines Minister Winston Chitando said Monday.
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Visit: 77
Brazil says it has nearly cleared gold miners from Amazon Yanomami reservation
Brazil has almost squashed the illegal gold rush that led thousands of wildcat miners into the Yanomami reservation in the Amazon rainforest and caused a humanitarian crisis of disease and malnutrition, the man in charge of operations said.
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Visit: 63
Great Bear PEA suggests multi-decade Kinross gold mine in Ontario
When Kinross Gold bought the Great Bear project in northern Ontario’s prolific Red Lake district two and a half years ago, its thinking was to acquire an extraordinarily high-grade gold asset that would one day become a world-class mine.
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Visit: 65
China’s central bank pauses gold purchases for a fourth month in August
China’s central bank held back on buying gold for its reserves for a fourth straight month in August, official data showed on Saturday.
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Visit: 61
Westgold and Yancoal to join ASX 200 index
Westgold Resources and Yancoal are set to be included in the S&P/ASX 200 index, taking effect prior to the open of trading on September 23.
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Visit: 87
Carnaby celebrates ‘significant’ copper-gold results
Carnaby Resources is celebrating assay results from drill holes at its Mohawk copper-gold discovery within the Greater Duchess copper-gold project in Mount Isa, Queensland.
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Visit: 87
Bellevue ramp-up reaches golden milestone
Bellevue Gold has taken the next step in its plan to ramp up gold production to 250,000 ounces per year at its namesake project in Western Australia.
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Visit: 79
China’s central bank pauses gold purchases for a fourth month in August
China’s central bank held back on buying gold for its reserves for a fourth straight month in August, official data showed on Saturday.
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Visit: 61
Yukon gold mine disaster sparks fears of soaring taxpayer bill
The sudden collapse of Victoria Gold Corp.’s Eagle Mine — and with it, the company — is part of a long and ugly history in northern Canada.
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Visit: 56
Goldman temporarily suspends zinc coverage
Goldman Sachs has suspended covering zinc markets “for the moment”, citing “restricted capacity” following the departure of the sector lead earlier this year.
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Visit: 52