Barrick ramping up new underground mine at Loulo-Gounkoto in Mali
The company expects to achieve its 2021 guidance of 510,000 to 560,000 ounces (80% basis) at Loulo-Gounkoto.
Africa
Endeavour Mining outlines ambitious five-year exploration plan
Endeavour Mining (TSX: EDV; LSE: EDV), West Africa’s top gold producer, has unveiled an ambitious five-year plan to add between 15 and 20 million indicated ounces of gold through exploration over the next five years. The company, which began trading in London in June,…
Global Mining Symposium: B2Gold expects robust H2 performance on all metrics
Canada’s youngest senior gold producer, B2Gold (TSX: BTO; US-OTC: BTG), expects to report robust operating and financial metrics for the second half of 2021, the company’s VP for investor relations,…
Ivanhoe’s Kamoa-Kakula concentrator beating design throughput target
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) says that after the first phase of concentrator construction, the facility is exceeding designed throughput rates, treating 320,000 tonnes of mineralized material in the…
Fortuna to add fifth mine to portfolio with construction of Seguela in Côte d’Ivoire
Fortuna Silver Mines (TSX: FVI; NYSE: FSM) says it will develop its Séguéla gold project in Côte d’Ivoire, which the company acquired in a merger with Roxgold earlier this year….
Mick Davis walks away from Guinea vehicle he founded
Mining veteran Mick Davis has cut ties with Niron Metals, an investment vehicle he co-founded in 2019 to develop Guinea’s Zogota iron ore deposit, previously owned by BSG Resources (BSGR). The former Xstrata boss, who was chair of…
Gemfields swings to profit as it reopened mines
Precious gemstones miner Gemfields (LSE: GEM; JSE: GML) has swung to a first-half net profit after it reopened mines and demand for its emeralds and rubies surged. The company, which returned to the London Stock Exchange’s…
What’s really driving aluminium prices
The West African nation of Guinea is often referred to as the ‘Saudi Arabia’ of bauxite since it produces about 23% of the world’s supply of the commodity—second only to…
FirstRand bank to scrap loans to new coal mines, plants from 2026
It makes it one of only two big South African lenders to close the door on funding for such activities altogether.
Petra Diamonds mulls selling Tanzania’s Williamson mine
South Africa’s Petra Diamonds (LSE: PDL) is considering selling its Williamson mine in Tanzania, even as it continues to work on bringing the operation back online in the second half…
Lucara approves $514M Karowe mine expansion
Lucara Diamond (TSX: LUC) has announced that its board has formally accepted a planned underground expansion of the Karowe mine in Botswana, which is expected to extend the operation’s life for 20 years — until 2040. The Vancouver-based…
Asante Gold outlines plan to fast-track Bibiani to production
Asante Gold (TSXV: ASE), a pure gold exploration and development company, has outlined plans to fast-track its newly added, past-producing Bibiani gold mine in Ghana into production. The Vancouver-based company, which completed the…