Endeavour updates Ity resource as more discoveries beckon
Endeavour Mining (EDV; LSE: EDV; US-OTQX: EDVMF) says it is likely to discover 3.5 to 4.5 million indicated oz. gold at the cornerstone Ity mine in Côte d’Ivoire by 2025….
Africa
Sibanye-Stillwater to spend $821M advancing Finnish lithium project
Precious metals miner Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) approved on Monday a €588 million ($821.6 million) investment to advance its Keliber lithium project in Finland. The South African miner said its…
UK, South Africa seek deeper cooperation on critical minerals
London and Pretoria announced a partnership to promote the responsible exploration, development, production, and processing of critical minerals in South Africa. In a statement, both governments said that this new…
Barrick faces new lawsuit for alleged rights abuses in Tanzania
Twenty-one Tanzanian nationals filed a lawsuit in Ontario Supreme Court Wednesday morning against Barrick Gold (TSX: ABX) for alleged human rights violations at the company’s North Mara gold mine in…
Endeavour Mining finds potential new flagship gold project in West Africa
Endeavour Mining (TSX: EDV; LSE: EDV) said Monday it had made a major greenfield gold discovery in Côte d’Ivoire, which has the potential to become a new flagship asset for…
Massive emerald cluster sets new record at Gemfields auction
Africa-focused Gemfields (LSE: GEM; JSE: GML) racked up US$30.8 million in revenue from its latest emerald action, which included a massive cluster of emeralds weighing 187,775 carats (37,555 grams). The Kafubu…
Lucara extends sales deal with HB by 10 years
Canada’s Lucara Diamond (TSX: LUC) has extended its sales agreement with HB Trading covering high-value diamonds from the Karowe mine, in Botswana, for another 10 years. The contract will see Lucara’s +10.8 carat…
Centamin mulls underground expansion at Sukari, Egypt’s first modern gold mine
West Africa-focused gold miner Centamin (TSX: CEE; LSE: CEY) unveiled on Tuesday that ore mining rate at its flagship Sukari gold mine in Egypt could grow by 31% if operations…
TNM Drill Down: Top gold assays for the week of Nov. 4-10, 2022
Welcome to our weekly feature, TNM Drill Down, focusing on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our…
Cascading battery metal supply crunch to get serious from 2024, analysts forecast
Increasing consumption will outstrip the mining industry’s ability to ramp up supply, resulting in commodity deficits as early as 2024, a new analysis by S&P Global has found. The report,…
WGC calls miners to plan for further climate change risks
The World Gold Council (WGC) is urging bullion miners to implement more consistent, systematic planning and wider collaboration, including closer engagement on risks with local communities, to deal with climate-related…
Petra Diamonds halts Williamson mine in Tanzania after dam breach
Petra Diamonds (LSE: PDL) said on Monday it had halted operations at its Williamson mine in Tanzania after a tailings storage facility burst, causing flooding in nearby areas. The company,…