Soaring gold price boosts Centamin’s profits
Egypt-focused Centamin ((TSX: CEE; LON: CEY) has reported a 25% increase in annual profit thanks to higher gold sales at soaring prices for the precious metal. The miner’s profit last…
Africa
Barrick keen to seek new gold, copper deposits in DRC
The miner aims to explore new projects following its success with the Kibali gold mine.
Perseus gets key OreCorp shareholders onside with sweetened bid
Perseus Mining (TSX: PRU; ASX: PRU) announced on Wednesday that it has raised its off-market takeover offer for OreCorp (ASX: ORR) as it seeks to beat out Canadian rival Silvercorp…
Hummingbird faces fresh headwinds at Guinea mine
Africa-focused Hummingbird Resources (AIM: HUM) is facing more challenges at its Kouroussa gold mine in Guinea after one of its main contractors, Corica Mining Services, halted activities because of contractual…
Video: Montage CEO eyes growth in Africa
After taking the reins of Montage Gold (TSXV: MAU; US-OTC: MAUTF) in February, CEO Martino De Ciccio is working to realize his vision of recreate a multi-asset Africa-focused gold miner…
Global Atomic plunges as Niger’s junta expels US troops
Shares in Global Atomic (TSX: GLO) have dropped nearly a third since the military rulers of Niger, where the company is developing its Dasa uranium project, vowed on the weekend…
TNM Drill Down: Collective tops assays again with Guayabales project in Colombia
Our TNM Drill Down features highlights of the best gold assays of the March 8-15 period. Drill holes are ranked by gold grade x width as identified by data company…
Lucapa Diamond ups resources at Angola mine by 48%
Shares in Lucapa Diamond (ASX: LOM) jumped almost 5% on Monday after the Australian miner announced that inferred resources at its Lulo mine in Angola rose 48% last year. The Lulo mine, in…
China’s clean-tech surge shakes markets and tests Western green resolve
Against China’s production boom, Western countries are trying to figure out how to build their clean-tech industries without being undercut by cheaper Chinese products. They’re stuck between wanting to secure…
Galiano Gold discovers double-digit grams at Asanko in Ghana
Galiano Gold (TSX: GAU; NYSE: GAU) says it’s found a new high-grade zone below the Abore pit at the Asanko gold mine in Ghana that it operates in a joint venture…
Exclusive: Barrick CEO Bristow drives another U-turn in a remote land
Barrick Gold (TSX: ABX; NYSE: GOLD), the second-biggest gold miner by market value, this month poured its first gold in Papua New Guinea in nearly four years as CEO Mark…
Perseus extends bid for Tanzania gold developer OreCorp to April
Australia’s Perseus Mining (TSX: PRU; ASX: PRU) isn’t giving up on its plans to acquire African gold developer OreCorp (ASX: ORR), releasing on Friday a second supplementary bidder’s statement that…