Vista Gold updates Mt Todd feasibility, showing higher NPV

Vista Gold has released an updated feasibility study for its Mt Todd gold project in Northern Territory, Australia, to reflect the changes in project economics as well as long-term outlook on gold prices and USD/AUD exchange rates and the company’s new royalty deal.

Gold price extends loss as US inflation data reinforces Fed caution

Gold snapped nine days of record-breaking gains as underlying US inflation topped forecasts for a second month in February, reinforcing the Fed’s cautious approach to cutting interest rates.

Senegal opposition coalition promises new currency and revamp of oil contracts

A Senegalese opposition coalition backed by popular firebrand Ousmane Sonko launched its presidential campaign platform on Saturday with promises to create a new national currency and renegotiate mining and energy contracts.

Dubai’s gold shops take a hit as record prices deter buyers

The ever-higher prices reached by gold are turning Dubai’s traditional bazaar into more of a window-shopping experience.

Peru copper output seen growing to 3mt in 2024, minister says

Peru’s copper production should reach 3 million metric tons this year after hitting 2.76 million tons in 2023, energy and mining minister Romulo Mucho said in a news conference on Friday.

Polymetal shareholders approve sale of Russian assets

Shareholders of precious metals producer Polymetal International approved the sale of its Russian assets to a Siberian gold miner, the company said on Thursday.

China splurges on gold for a 16th month as price hits record

China’s central bank added gold to its reserves for a 16th straight month in February, extending a long buying spree that’s helped to support the precious metal’s surge to a record high.

O3 Mining wins 2024 PDAC Sustainable Development Award

Québec-focused gold junior O3 Mining (TSXV: OIII) has been named winner of the 2024 PDAC Award for Sustainable Development, considered one of the most prestigious recognitions in the Canadian exploration sector.

LME partner Metalshub plans for ‘green’ nickel price

The London Metal Exchange (LME) does not plan to launch a separate “green” nickel contract because the market is not large enough, but said its partner was developing an index price that will reflect demand for low carbon nickel.

Gold price continues ascent to new highs, nears $2,150/oz

Gold continued its record-setting rally on Wednesday after the US Federal Reserve reiterated the possibility of an interest rate cut some time this year.

SSR to pay for cleanup at Turkish gold mine

The Turkish unit of SSR Mining Inc. will pay for all cleanup costs following a landslide at its Copler gold mine in eastern Turkey, a top government official said, without citing a specific figure.

London gold price benchmark hits all-time high, LBMA says

London’s gold price benchmark hit an all-time high of $2,098.05 per troy ounce at an afternoon auction on Monday, surpassing the previous record of $2,078.40 set on Dec. 28, the London Bullion Market Association (LBMA) said.

Gold price flirts with new highs with market leaning towards June rate cut

Gold prices flirted with record highs on Monday as investors continue to bet on the safe-haven metal in anticipation of a US Federal Reserve interest rate cut this June.

BlackRock reduces stake in Polymetal International

US investment firm BlackRock has reduced its stake in precious metals producer Polymetal International to 7.45% from 9.91%, the gold and silver miner said on Friday.

Harmony Gold to pay record interim dividend, extend life of Mponeng mine

Harmony Gold, South Africa’s leading gold miner by volume, said on Wednesday it will spend 7.9 billion rand ($410 million) to extend the life of Mponeng, the world’s deepest gold mine.

Bearish demand expectations challenge iron ore’s price resilience

Iron ore prices, long resilient despite China’s gloomy economic outlook, have tumbled since the end of the Lunar New Year holiday, sparking concerns around faltering demand and denting mining stocks in top producer Australia.

BMO bankers sent each other crude memes before they were fired

Junior bankers who were recently fired from Bank of Montreal’s metals and mining group used work-sharing platforms to circulate crude jokes and at least one obscene image, which were discovered during an internal investigation after another employee complained, according to people with knowledge of the matter.

Fortescue’s Forrest urges LME to separate ‘clean’ nickel contracts

The London Metal Exchange (LME) should classify its nickel contracts into “clean” and “dirty” ones to give customers more choice, Australian iron ore magnate Andrew Forrest said on Monday.

China’s Yintai Gold to buy Osino Resources for $272 million

China-based Yintai Gold on Sunday said it will acquire Canadian gold exploration firm Osino Resources in an all cash deal for C$368 million ($272.53 million).

Bitcoin ETFs test investor commitment to gold-backed paper

A surge of interest in bitcoin exchange-traded funds is prompting some investors to swap out holdings in gold-backed ETFs, although analysts and fund managers said they are unlikely to challenge bullion longer term.

Gold Fields eyes rapid ramp-up at new Chile mine, lifts output forecast

South Africa’s Gold Fields on Thursday raised its 2024 gold output forecast to between 2.33 million and 2.4 million ounces, saying it expects a rapid production ramp-up at its new Salares Norte mine in Chile, which comes online in April.

Sibanye-Stillwater flags $2.5bn write-down on metals prices collapse

Precious metals producer Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) flagged on Wednesday a 47.5 billion rand ($2.58 billion) impairment on its upcoming 2023 results due to falling prices for the main metals it mines, including palladium, platinum and nickel.

First Quantum inks $500 million copper deal with Jiangxi amid Panama mine struggles

First Quantum Minerals (TSX: FM) said on Wednesday it would get a $500 million injection from Jiangxi Copper, the Canadian miner’s largest shareholder, that will help it to shore up finances.

Illegal mine collapse buries gold workers in the Venezuelan Amazon

The collapse of an illegal mine in a remote region of the Venezuelan Amazon buried gold workers, leaving many injured and feared dead.

Vedanta’s parent sells $209 million stake

Vedanta Resources, the parent of Vedanta Ltd, has sold a stake worth more than 17.37 billion rupees ($209 million) in the Indian miner, exchange data showed on Thursday.

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