Barrick Gold Corp is set to pour funds into exploration projects around the world, in a new strategy revealed by its prolific dealmaking CEO Mark Bristow at the MINExpo conference in Las Vegas. Barrick swelled into the world’s second largest gold producer following the US$18 billion...
Egyptian billionaire Naguib Sawiris has set up a US$1.4 billion fund for gold mining investments held within his Luxembourg-based La Mancha investment firm. Sawiris said the new vehicle, named La Mancha Fund SCSp, will be a ‘deep value, long-only fund’ dedicated to gold mining and open...
Gold royalty and streaming company Maverix Metals has signed a deal to acquire a portfolio of gold royalties from mining giant Newmont Corporation, it announced earlier this week. The US$90 million deal for 11 gold royalties on a selection of Newmont’s North/central American assets will provide...
The threat of new COVID-19 restrictions in economies around the world pushed the gold price to its lowest point in nearly two months yesterday, as part of a wider sell-off seen across global stock markets. US gold futures fell by 3.9% to US$1,885.40 per ounce on...
Newmont Corporation has appointed Bernard Wessels as its new general manager at the Peñasquito gold mine in Mexico, replacing Jim Cooper. In a media release, the gold giant said that Cooper’s contract was terminated with immediate effect due to violations of the Code of Conduct while...