Allied discovers new targets at Ethiopia gold project
Allied Gold (TSX, NYSE: AAUC) said recent drilling at its Kurmuk property in western Ethiopia has identified at least five new target areas, bolstering the case for a high-volume gold…
Allied Gold
Sahel faces widening security threats, analysts say
Despite military governments across West Africa, the region’s security situation is worsening as insurgents flush with kidnapping ransoms and illegal mining profits threaten fuel supplies and road networks, according to…
Bristow’s exit shakes up Barrick leadership
Barrick Mining (TSX: ABX; NYSE: B) shocked markets Monday with the abrupt resignation of president and CEO Mark Bristow, who departs after nearly seven years at the helm without explanation….
SCP sees ‘sweet spot’ for West Africa explorers
New West African gold explorers are advancing projects as they aim to capitalize on high prices and growing interest from mid-tier producers, SCP Resource Finance says in a new report….
Allied Gold lists on NYSE Monday
Allied Gold (TSX: AAUC; US-OTC: AAUCF) is set to begin trading on the New York Stock Exchange starting Monday after obtaining all regulatory approval. The stock will trade under the…
Allied Gold picks $80M raising after nixing UAE funds
Allied Gold (TSX: AAUC; US-OTC: AAUCF) is raising $80 million through a public offering to fund further engineering and growth initiatives at the Sadiola mine in Mali and its Côte…
Allied Gold nets nearly $500M from UAE for Mali
Allied Gold (TSX: AAUC) (OTCQX: AAUCF) is creating a joint venture in Mali with a United Arab Emirates-based investment group that’s also covering the expansion of main mine Sadiola. Ambrosia…
Barrick and Mali halt talks without deal
Barrick Gold (TSX:ABX; NYSE:GOLD) and the Malian government have suspended negotiations before resolving a drawn-out dispute over payments from the country’s largest gold mine. Mali is seeking a settlement payment…
Resolute Mining CEO quits following detention in Mali
West Africa-focused gold producer Resolute Mining (ASX: RSG) announced on Monday the resignation of CEO Terry Holohan, who was detained in Mali for 10 days in November. Holohan and two…
Resolute’s costs rise, output falls in Mali, Senegal
West Africa-focused gold producer Resolute Mining (ASX: RSG) forecasts reduced production and higher costs this year as its Mako mine in Senegal nears depletion and tax changes in Mali drive up…
Hummingbird reaches $16.4M deal with Mali
Africa-focused Hummingbird Resources (AIM: HUM) announced on Wednesday it had reached an an agreement with Mali’s military-led government to operate the Yanfolila gold mine under the country’s new mining code. As part…
Barrick halts Mali mine after junta seizes gold
Barrick Gold (TSX:ABX; NYSE:GOLD) followed through with its threat to suspend operations at its Loulo-Gounkoto complex in Mali after the military-led government moved gold stocks to a custodial bank. “Barrick…