Fortuna posts record precious metals output in 2024
Fortuna Mining (NYSE: FSM; TSX: FVI) reported record production results for the fourth quarter and full year 2024 from its five operating mines abroad. For the whole of 2024, Fortuna…
Africa
Orezone to commission Bomboré plant expansion in Q4
Orezone Gold (TSX: ORE; US-OTC: ORZCF) is on track to commission a new hard rock plant later this year at its operating Bomboré mine in Burkina Faso that will boost…
Robex extends Mali mine as it plans exit
Robex Resources‘ (TSXV: RBX) Nampala gold mine in Mali has enough new mineral reserves to extend its life by six months, according to an updated technical report. The mine in…
First Quantum cuts guidance on Zambia delays
First Quantum Minerals (TSX: FM) has cut its copper guidance by 3.5% at the midpoint, citing Zambian mine sequencing, while politics has kept Cobre Panama idle. The Toronto-headquartered company now…
South Africa mine rescue ends with 246 saved, 78 dead as illegal mining crisis mounts
South African authorities have concluded a week-long rescue operation at the abandoned Buffelsfontein gold mine, recovering 246 survivors and 78 deceased illegal miners, locally referred to as ‘Zamazama.’ The operation…
Saudis tap Aramco for lithium brine extraction
Saudi Arabia has announced a new joint venture between its state-run oil and mining companies — Aramco, the world’s largest in oil, and Ma’aden — marking another step in its…
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…
Asante Gold’s feasibility extends Bibiani 7 years
Asante Gold‘s (CSE: ASE USOTC: ASGOF) new definitive feasibility study (DFS) confirms the potential to extend Bibiani in Ghana by at least seven years through mining underground reserves below the…
Newcore Gold hits high-grades at Enchi, eyes resource upgrade, pre-feasibility in 2025
Newcore Gold (TSXV: NCAU, US-OTC: NCAUF) on Tuesday reported strong drill results from its Enchi gold project in Ghana, showing wide mineralization at the Boin deposit. Key intercepts included hole…
Mali airlifts gold from Barrick mine: Reuters
The Malian junta is choppering gold stockpiles out of Barrick Gold‘s (TSX: ABX; NYSE: GOLD) Loulo-Gounkoto complex, Reuters reports. The airlift began Saturday, the newswire said, citing four sources close…
London Symposium JV Video: Geopolitical tensions elevate mining’s strategic role, EY expert says
The growing importance of critical minerals amid rising geopolitical tensions is spotlighting mining’s role in global politics, a London conference heard. Theo Yameogo, professional services firm EY’s metals and mining…