Polymetal to drop out of top 10 gold miners on Russia sale

Polymetal International Plc will no longer rank among the world’s top 10 gold miners by output after the sale of its Russian business, which was sanctioned by the US last year due to the invasion of Ukraine.

SolGold saves $1bn in Cascabel upfront cost with phased mine development

SolGold has managed to slash the upfront cost of the 100% owned Cascabel project in Ecuador while the company continues to explore the potential sale of its flagship copper-gold property. A new pre-feasibility study (PFS) released Friday showed a sizeable reduction in the initial capital cost, highlighted by over $1 billion in savings.

Nine gold miners missing in Turkey after landslide

Nine miners were still missing eight hours after a landslide at an Anagold Mining operation in eastern Turkey on Tuesday, the energy ministry said, with rescue efforts underway.

Dolly Varden discovers new, high-grade gold zone at Homestake Ridge

Dolly Varden Silver (TSXV: DV) has discovered a new, gold-rich zone to the northwest of its Homestake Silver deposit in British Columbia’s Kitsault Valley. The Kitsault Valley project is 100%-owned by Dolly Varden.

Australian gold miner Red 5 to acquire Silver Lake Resources

Australian gold miner Red 5 will takeover rival Silver Lake Resources to build a mid tier gold company valued at $1.5 billion, the two companies said in a joint statement on Monday.

Endeavour resumes work at Burkina Faso gold mine after strike ended

Work resumed at Endeavour Mining Plc’s second-biggest mine Thursday after management reached an agreement with workers to end strike after 11 days.

Gold demand to hit record with central bank buying, WGC says

Total gold demand hit a record last year and is expected to expand again in 2024 as the US Federal Reserve moves toward cutting interest rates, potentially aiding prices, according to the World Gold Council.

US to rescind Venezuela gold license after opposition candidate barred

The US will rescind a license awarded to Venezuela’s state gold producer after Nicolás Maduro’s government banned the opposition’s leading candidate from participating in elections this year.

Endeavour goes to court to end strike at Burkina Faso gold mine

An Endeavour Mining Plc unit filed a lawsuit in a bid to end a strike in Burkina Faso that’s disrupted operations at the company’s second-biggest gold mine.

World’s biggest jeweller Pandora stops using mined silver and gold

Pandora, the world’s largest jeweller by amount of products sold, has stopped using mined silver and gold and now only manufactures with recycled precious metals, which require less energy to produce.

Brazil probes Mercado Libre sales of mercury used by illegal gold miners

Public prosecutors chasing illegal gold mining in Brazil’s Amazon region on Wednesday opened an investigation into on-line sales of mercury through Mercado Libre, Latin America’s largest e-commerce site.

Harmony sees half-year gold output up 14%

Harmony Gold says its gold production increased by as much as 14% in the six months to December 2023, driven by higher grades at its South African mines and a strong operational performance in Papua New Guinea.

Endeavour Mining’s second-biggest gold mine hit by strike

Workers at Endeavour Mining’s Hondué mine in Burkina Faso, the company second-biggest gold operation, have walked off the job on Tuesday, blocking the access road to the site.

Gold riches fuel Sudan militia’s war to rule nation

Sudan’s paramilitary Rapid Support Forces group is using large-scale proceeds from gold mining to fund its devastating war against the nation’s army, according to United Nations investigators.

Bluestone stock soars on open-pit OK for Guatemalan gold

Shares in Bluestone Resources (TSXV: BSR) doubled after Guatemala approved a plan to change the contentious Cerro Blanco gold project to an open-pit operation from underground as the company considers selling it.

Gold-based sensor helps detect ‘forever chemicals’ in water

A new gold-based sensor is able to detect pollution from ‘forever chemicals’ in water through luminescence.

Barrick Gold reports lower preliminary gold output for 2023

Canadian miner Barrick Gold Corp said on Tuesday its full-year preliminary production of gold fell from a year earlier, even as output rose sequentially in the fourth quarter.

Gold price rallies on geopolitical risks and Fed rate cut bets

Gold jumped the most in a month after soft US producer prices data amped up expectations of interest-rate cuts, while US-led airstrikes on Houthi rebel targets in Yemen stoked haven demand.

Gold CEO firing deals fresh blow to mining’s battered reputation

Mining News Pro - Endeavour Mining Plc’s shock firing of its chief executive has capped a miserable three months for the global mining industry — and an equally painful period for its shareholders.

Goldman veteran Jeff Currie remains bullish on commodities this year

Mining News Pro - Jeff Currie, who spearheaded commodities research at Goldman Sachs Group Inc. for almost three decades, remains bullish on the sector for this year.

Gold price gains as weak US services data boosts Fed rate cut wagers

Mining News Pro - Gold rose as Treasury yields pushed lower when a US employment gauge fell short of estimates, bolstering expectations for the Federal Reserve to rapidly cut interest rates this year.

Gold price heads for yearly gain as market eyes rate cuts in 2024

Mining News Pro - Gold headed for its first annual gain in three years as investors doubled down on bets that the Federal Reserve will start to unwind its restrictive monetary policy stance in 2024.

China’s net gold imports via Hong Kong rise in November

Mining News Pro - China’s net gold imports via Hong Kong rose about 37% in November from the previous month, data showed on Thursday, as the world’s top consumer eased some import restrictions on the metal to meet expected demand for the Chinese New Year.

Gold heads for yearly gain as market eyes rate cuts in 2024

Mining News Pro - Gold headed for its first annual gain in three years as investors doubled down on bets that the Federal Reserve will start to unwind its restrictive monetary policy stance in 2024.

Gold price inches higher on expectations for Fed rate cuts in 2024

Gold ticked higher as the final week of the year got under way, with traders looking ahead to interest rate cuts from the Federal Reserve in 2024 and a weaker US currency.

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