Study hints Predictive Discovery’s Bankan project could be Guinea’s ‘largest gold mine’
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value more than $210 million higher than its capital costs.
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Chinese investors snap up copper, gold stocks to drive 10% gains
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing an uphill battle to cement a nascent rebound.
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Outflows from gold ETFs slowed in March
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a slower pace than in previous months as North American and Asian inflows cushioned European losses, the World Gold Council (WGC) said.
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i-80 Gold stock drops on upsized public offering
i-80 Gold fell by over 11% at market open Tuesday following its announcement of a C$100 million ($74m) public offering of units. The units are priced at C$1.65 each, comprising one share and half of a warrant with an exercise price of C$2.15.
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Westgold to buy Karora Resources in $808 million deal
Australia’s Westgold Resources said on Monday it had agreed to acquire Toronto-listed Karora Resources in a cash-and-stock deal worth about A$1.23 billion ($808.36 million), seeking its gold assets in Western Australia.
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Iamgold pours first bullion at Côté project in Ontario
The Côté gold mine has poured its first doré bar as the project advances toward commercial production. The mine, located 125 km southwest of Timmins, Ontario, is owned 60% and operated by Iamgold (TSX: IMG; NYSE: IAG), 40% owned by Sumitomo Metals Mining.
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Gold price hits another all-time high as Fed-fuelled rally continues
Gold continued its historic rally on Monday by setting another record high, as the latest US inflation data further boosted expectations of a Federal Reserve interest rate cut this coming June.
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Gold price heads for best month in over a year
Gold rose again on Thursday and is bound for its biggest monthly rise since November 2022 on the back of a blistering rally spurred by bets on US interest rate cuts and strong safe-haven demand.
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Several people killed in accident at abandoned Liberia gold mine
Several people have been killed in Liberia in an accident at an abandoned gold mine, the West African country’s mines minister said on Tuesday.
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Canada watchdog says abuse likely occurred at a Dynasty Gold mine in China
Canada’s corporate ethics watchdog on Tuesday said it was likely that human rights abuses had occurred at a mine in China operated by Vancouver-based firm Dynasty Gold.
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Awalé Resources stock soars on 45.7 g/t gold find
Awalé Resources (TSXV: ARIC) stock soared on Monday after the Newmont-backed gold explorer reported outstanding assay results of 45.7 grams per tonne gold over 32 metres from drilling on the Odienné project in Côte d’Ivoire.
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Macron looks to regulate illegal gold mining in French Guiana
French President Emmanuel Macron said on Monday the government is seeking to designate new regulated gold mining zones in its South American territory of French Guiana to combat illegal mining and its environmental consequences.
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Newmont’s Akyem gold mine in Ghana draws Chinese interest
Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential bidders including Chinese producers amid soaring prices for the metal, people with knowledge of the matter said.
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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.
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A golden reopening for Bellevue
Western Australian Mines and Petroleum Minister David Michael attended the formal opening of Bellevue Gold’s namesake mine yesterday.
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Gold output falls in Burkina Faso as terrorist attacks increase
Gold production in Burkina Faso declined last year as deteriorating security conditions in the West African nation forced some mines to shut.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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