Blue Gold secures $140M to restart Ghana gold mine
Shares of Blue Gold (Nasdaq: BGL) jumped as much as 9.6% Wednesday after the junior miner announced it had secured an additional $65 million in funding to restart the Bogoso…
Africa
Aya values Boumadine in Morocco at $3B with spot gold
Canada’s Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) said a preliminary economic assessment (PEA) for its Boumadine polymetallic project in Morocco shows the company would need barely a year…
Kore Potash weighs sale to advance Congo mine
Kore began a formal sale process after announcing in June it was seeking a potash-savvy operator and partner.
Gold Fields pays $50M for 12% of Founders Metals
Gold Fields (NYSE, JSE: GFI) agreed to pay about $50 million (US$36 million) to become the biggest shareholder in Founders Metals (TSXV: FDR; US-OTC: FDMIF), which is developing the Antino…
Kodal Minerals keeps Mali lithium mine running as Islamic militants advance
West Africa-focused Kodal Minerals (LSE: KOD) says operations at its Bougouni lithium mine in southern Mali remain unaffected despite escalating security tensions near the capital, Bamako. The London-listed company said…
Fortuna boosts underground potential in Côte d’Ivoire
Exploration drilling at Fortuna Mining’s (TSX: FVI; NYSE: FSM) Séguéla open-pit mine in Côte d’Ivoire improves the odds of an underground operation at the Sunbird deposit, the company said. Hole SGRD2434…
China to suspend new REE export controls for 1 year
China agreed to suspend a planned expansion of export controls on rare earth elements (REE) for a year after U.S. President Donald Trump struck a broad trade deal with his…
Ivanhoe profit shrinks on copper mine disruption
Shares in Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) fell on Thursday after disruptions at its flagship copper mine knocked third-quarter results. For the three months to Sept. 30, the Vancouver-based…
Glencore output on target despite copper fall
Shares in Glencore (LSE: GLEN) climbed on Wednesday after the Swiss miner and commodities trader said it remains on track to meet its full-year production targets, easing investor concerns about…
Ivanhoe Atlantic’s Guinea iron ore project moves closer to construction
Ivanhoe Atlantic has completed the necessary environmental and social impact studies (ESIA) for its Kon Kweni iron ore project in Guinea and submitted permit applications to begin construction early next year….
Newmont’s Ahafo North achieves commercial production
Newmont (NYSE, ASX: NEM) said its Ahafo North operation in Ghana officially reached commercial production – a key milestone at one of West Africa’s biggest mining projects in recent memory….
Could Barrick’s next CEO break up the company?
Spinning off Barrick Mining’s (TSX: ABX; NYSE: B) U.S. assets into a new company or exploring a merger with Newmont (NYSE: NEM) are some of the key options that the…