Montage Gold receives environmental OK for Koné project
Africa-focused Montage Gold announced Thursday it has received a ministerial order granting all environmental approvals for the development of its Koné project in Côte d’Ivoire.
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Copper price touches $10,000 again as Goldman sees ‘stockout’ risk
Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Group Inc. warned of intensifying supply stress.
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China’s central bank adds more gold to its reserves in April
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, extending the period of consecutive purchases to 18 months despite high gold prices.
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Gold price advances as investors weigh mixed signals on US economy
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the Federal Reserve fights inflation.
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Harmony Gold reports fatality at Mponeng mine
Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South Africa on May 1.
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Contango grows Alaska gold footprint with two major buys
Emerging North American gold producer Contango ORE is boosting its landhold in Alaska with the acquisition of Canada’s HighGold Mining and Avidian Gold’s subsidiary Avidian Gold Alaska.
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Gold price falls as investors face long wait until Fed rate cuts
Gold fell, with market watchers saying the previous day’s rally in response to Federal Reserve Chair Jerome Powell’s comments was overoptimistic.
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Barrick Gold beats estimates for quarterly profit, enters JV in Jamaica
Canadian miner Barrick Gold on Wednesday beat first-quarter profit estimates on higher bullion prices and said it has entered into an exploration partnership with Geophysx Jamaica.
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Visit: 39
Gold price fluctuates as market focuses on Fed meeting
Gold wavered as traders looked ahead to a week with a Federal Reserve rate decision meeting and key US jobs data.
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OceanaGold prices $106 mln IPO of Philippine unit
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an initial public offering (IPO) of its Philippine unit, the first listing in the Southeast Asian nation in 2024.
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Gold’s record-setting rally may have its roots in Chinese frenzy
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.
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Gold price tumbles as haven demand wanes amid easing war risks
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
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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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