Canada’s Kinross Gold Corp is talking to an unnamed third party mining company with regards to the acquisition of all of its Russian assets, as the gold giant seeks to fall in line with Western sanctions on Russia amid the invasion of Ukraine. However, Kinross noted...
The World Gold Council (WGC) has called for greater cooperation between large mining companies and artisanal miners and set out recommendations to help bring small-scale miners into the formal industry. The WGC, which counts 31 major international gold miners as members, published a report yesterday which included 36...
Gold prices hit an eight month high yesterday, trading at just over US$1,900 per ounce, as investors fretted over escalating military tensions between Russia and Ukraine. In particular, reports of mortar fire in Eastern Ukraine and an ‘imminent’ Russian invasion pushed investors into ‘safe haven’ gold....
Perseus Mining is set to acquire a 15% stake in Canadian junior Orca Gold after striking a deal with Resolute Mining, in a move that will give the mid-tier gold producer shares in two promising assets in North and West Africa. ASX and TSX-listed Perseus is...
Orla Mining has successfully achieved first gold pour at its Camino Rojo oxide mine in Mexico, in a development that boss Jason Simpson described as ‘an important milestone in the rapid evolution of our company’. This accomplishment is the result of the hard work and diligence...
Kinross Gold Corp will acquire Ontario-focused exploration firm Great Bear Resources, after announcing a deal worth US$1.42 billion that will give it access to the coveted Dixie gold project. The property, which is considered one of the most important Canadian gold discoveries in modern history, consists...
A quantitative report published by the World Gold Council (WGC) last week has revealed that its member companies produced 34.5 million ounces of gold last year and contributed close to US$38 billion to the GDP of the countries they operate in. According to the Council, member...
After two years of COVID-related disruption and a series of virtual-only conferences, Mines and Money returned to London today for its first in-person event since the pandemic landed in early 2020. Not to be deterred by fears surrounding the new Omicron variant, over 1,000 delegates flocked...
TSXV-listed Cabral Gold has reported a fresh set of assay results from the Cuiú Cuiú gold district in Northern Brazil, which have helped the company define a higher grade zone within its MG target. Recent RC drilling at the MG gold-in-oxide blanket has defined a zone...
Swedish gold exploration firm Akobo Minerals has published a summary of its activities in 2021 following a period of fast development at the Segele project in Ethiopia. During the first part of the year, the company announced a resource estimate and scoping study for the gold...