Analysis: Gold set for further record prices in 2024 and 2025
Gold prices have been setting annual records for the past three years. They are expected to set further records in 2024 and 2025, as the world struggles with a host…
Africa
Gold heists: Air Canada caper shows yellow metal’s criminal allure hasn’t dimmed
It’s a gold mine in the dead of night. Crooks snip through a wire fence and find keys to a forklift still in the ignition. It roars to life and…
Tracking the lithium offtake deal landscape worldwide
Car companies are forging new relationships with miners for lithium supply, and in some cases governments are also providing funds to advance these critical projects. Here’s a look at some…
Hummingbird Resources unveils plan to raise up to $43.5M
Africa-focused Hummingbird Resources (AIM: HUM) unveiled on Thursday a plan to secure up to US$32.7 million ($43.5 million) in total proceeds to fund its growth strategy, exploration activities, advance its Dugbe…
Xtra-Gold expands Boomerang system deeper at Kibi project in Ghana
Xtra-Gold Resources (TSX: XTG; US-OTC: XTGRF) says new drill results bode well for growing the Kibi gold project in Ghana beyond the limit of a 2021 resource footprint. Crews discovered…
Saturn Resources buys Shanta Gold for $239M
East Africa-focused Shanta Gold (LSE: SHG) said on Wednesday it had agreed to a £141.9 million ($239.7 million) takeover bid by Tanzania-based Saturn Resources. Under the deal, Shanta shareholders will…
Global Atomic raises $15M for Dasa uranium project
Global Atomic (TSX: GLO; US-OTC: GLATF) has arranged a non-brokered private placement of 6 million units priced at $2.50 each for gross proceeds of $15 million. Regent Mercantile Holdings has…
Centamin grows Sukari gold reserves for third straight year
Egypt-focused Centamin (TSX: CEE; LSE: CEY) has grown its resource and reserve base at its Sukari gold mine for the third year in a row. The company said Sukari’s reserves…
Dundee spends C$287M to acquire Osino’s Twin Hills gold project in Namibia
Dundee Precious Metals (TSX: DPM) is buying Osino Resources (TSXV: OSI; US-OTC: OSIIF) for $287 million in cash and shares to acquire its advanced-stage Twin Hills gold project in Namibia. The…
Plummeting platinum group prices could worsen shortage: report
The price of platinum group metals (PGM) has fallen by 42% this year and could widen a supply deficit if unprofitable mines are sidelined, according to a new report by…
Namibia greenlights Bannerman’s Etango uranium project
Bannerman Energy (ASX: BMN) said on Friday it had received the mining licence for its flagship Etango uranium project in western Namibia, Africa’s biggest producer of the ore. Bannerman said…
Gates, Bezos-backed KoBold Metals in four-continent quest for lithium
KoBold Metals, backed by a coalition of billionaires including Bill Gates and Jeff Bezos, has launched a four-continent search for lithium, the coveted metal used in batteries that power electric…