Namib eyes $400M to restart Zim gold mines
Namib Minerals (Nasdaq: NAMM) is looking to invest as much as $400 million to bring two of its mothballed gold mines in southern Zimbabwe back to production, according to media…
Africa
Barrick hit again as Mali helicopters take $117M in gold
Mali’s military government has seized over $117 million worth of gold from Barrick’s (TSX: ABX; NYSE: B) Loulo-Gounkoto mine, days after junta leader Colonel Assimi Goïta signed a law allowing…
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….
Global mining deaths rise for second straight year
Fatalities in the global mining industry rose for a second consecutive year in 2024, the International Council on Mining and Metals (ICMM) said in its latest annual safety report. ICMM’s…
Mali to sell Barrick’s gold: Reuters
The court-appointed administrator of Barrick Mining’s (TSX: ABX; NYSE: B) Loulo-Gounkoto complex in Mali is planning to sell a tonne of the site’s gold to pay for restarting the mine,…
Ivanhoe sees $70M Kakula mine dewatering cost
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) said it expects the dewatering of its Kakula mine in the Democratic Republic of Congo to cost as much as $70 million (C$96 million). Production…
Royal Gold to buy Sandstorm, Horizon for $3.7B
Royal Gold (Nasdaq: RGLD) is acquiring Canadian streaming and royalty firms Sandstorm Gold (TSX: SSL; NYSE: SAND) and Horizon Copper (TSXV: HCU) in deals worth a combined $3.7 billion (C$5.04…
China’s mining investment sets new record
China’s overseas mining investment has soared to its highest level in over a decade, driven by Beijing’s push to secure critical raw materials amid rising geopolitical tensions. There were 10…
Aya discovers new gold-copper zone at Morocco site
Canadian miner Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) cut a highlight result of 9 metres grading 80 grams silver per tonne at its Boumadine project in Morocco and said it…
DRC’s Kibali gold mine life could grow, Barrick says
Barrick Mining (NYSE: B) says new drilling along the ARK-KCD corridor at its main Kibali mine in the Democratic Republic of Congo (DRC) confirms “significant additional orebodies” that could stretch…
CMOC’s IXM cites force majeure on cobalt deliveries
IXM, a metals trading unit of CMOC Group, a partially Chinese state-owned entity, has declared force majeure on its cobalt supply contracts due to an ongoing export ban in the…
NexMetals rises on strong copper-nickel hits
NexMetals Mining (TSXV: NEXM; US-OTC: PRMLD), fresh off its name change from Premium Resources, reported drill results as high as 13.5 metres grading 1.13% copper and 1.25% nickel at its…