Semafo’s Boungou mine achieves commercial production
Since its first gold pour at the end of June, Semafo’s (TSX: SMF) Boungou mine in Burkina Faso has produced more than 12,000 ounces of gold. The mine officially moved…
Africa
US Markets rise slightly, Aug. 20-24
U.S. markets swung upward, as gold gained 1.7% to end the trading week at US$1,205.30. The Philadelphia Gold and Silver Index rose 2.6% to 67.68 and the Dow Jones Industrial…
The Northern Miner Podcast – episode 116: Graphite – the forgotten battery mineral ft Gregory Bowes
This episode takes a look at the junior graphite market, which is awakening from a five-year slumber as demand for graphite in the electric vehicle and grid storage sectors begins…
Armed bandits kill Semafo employee and subcontractor in Burkina Faso
A Semafo (TSX: OMX) employee and a subcontractor are dead after armed bandits shot at a bus transporting the company’s workers 80 km from the town of Bobo-Dioulasso to the…
Gold Fields faces restructuring after losses and impairment charge
Gold Fields (NYSE: GFI) has posted an impairment charge of US$359 million in the first half of the year at its troubled South Deep mine in South Africa, which has…
Malian gov’t to double stake in B2Gold’s Fekola mine
B2Gold (TSX: BTO; NYSE-AM: BTG) is reporting the Malian government intends to buy an additional 10% stake in B2Gold’s Fekola gold mine in western Mali. Pursuant to Malian mining law,…
Nevsun’s board recommends shareholders reject Lundin takeover bid
VANCOUVER — Nevsun Resources’ (TSX: NSU; NYSE-AM: NSU) board is unanimously recommending shareholders reject Lundin Mining’s (TSX: LUN; US-OTC: LUNMF) bid to buy all of Nevsun’s shares at $4.75 per share, the…
Minerals commentary: Replenishing the diamond pipeline is a daunting task for miners
Given that most of the highly economic diamond deposits in the world have already been put into production, diluted via expansion or depleted, going forward the economics of diamond mines…
Nevsun reports Q2 loss amidst Lundin takeover bid
Nevsun Resources (TSX: NSU; NYSE: NSU) reported a US$10.8 million loss in the second quarter of 2018, an US$11.3 million decline from the first quarter. Lower zinc prices and mined…
Asanko Gold sells half of Asanko mine stake to Gold Fields
Asanko Gold (TSX: AKG; NYSE-AM: AKG) has closed a deal to sell half of its 90% stake in the Asanko gold mine in Ghana to Johannesburg-based Gold Fields (JSE: GFI)…
Endeavour’s Houndé mine delivers solid first half results
Endeavour Mining (TSE: EDV; US-OTC: EDVMF) has reported strong growth in production, revenue and earnings in its second quarter results. The West Africa-focused gold miner produced 299,000 oz. gold in…
Tanzania Royalty updates PFS after government-forced review
Tanzanian Royalty Exploration (TSX: TNX; NYSE: TRX) has tabled an updated pre-feasibility study (PFS) for its Buckreef gold project in Tanzania with a reserve estimate. It replaces last year’s PFS,…