Asante Gold announces US$525M financing to support Ghana growth plans
Asante Gold (CSE: ASE) says it expects to raise US$525 million in two stages to fund its growth plans in Ghana, where it operates the Bibiani and Chirano gold mines…
Africa
Trillions needed to achieve net-zero by 2050 — Wood Mackenzie
The world is currently on course for global warming levels between 2.5˚C and 3˚C by the end of the century, far exceeding the 1.5˚C target outlined in the Paris Agreement…
Compass Gold signs mill deal to tap Tarabala deposit in Mali within months
Shares in Compass Gold (TSXV: CVB) doubled on Tuesday after Malian business group SMAT agreed to toll-treat ore from its Tarabala deposit within five months, as the company awaits its…
Global Atomic expects US$295M loan for Dasa in Q1
The loan would cover 60% of the uranium project’s projected costs.
AngloGold to close US$2.5B Centamin buy in November
Centamin (LSE: CEY) shareholders have voted in favour of AngloGold Ashanti’s (NYSE: AU; ASX: AGG; JSE: ANG) proposed US$2.5-billion takeover of the Egypt-focused gold miner. Centamin noted that the necessary…
Gold Fields completes Osisko buy for ownership of Windfall
South Africa’s Gold Fields (NYSE: GFI; JSE: GFI) said on Monday it had completed the $2.2-billion acquisition of Osisko Mining, which makes it the sole owner of the Windfall project…
Gold stocks starting to outshine bullion: Canaccord report
Higher gold and silver prices are finally jump-starting the stock prices of the companies that mine the metals, Canaccord Genuity Capital Markets analysts said in a report this week. Equities…
Montage lands US$825M for new West Africa gold mine
Montage Gold (TSXV: MAU; US-OTC: MAUTF) has secured a financing package worth US$825 million to fund the construction of its flagship Koné project in Côte d’Ivoire. Shares gained 11.7%. The…
Barrick, Mali exchange shots in US$500M tax dispute
Barrick Gold’s (TSX: ABX; NYSE: GOLD) negotiations with Mali’s military government appear to have stumbled after both sides issued claims about a Sept. 30 preliminary agreement. The West African country’s…
NextSource ships first Madagascar graphite to global markets
Canada’s NextSource Materials (TSX: NEXT; US-OTC: NSRCF) has completed its first commercial shipments of graphite concentrate from its Molo mine in southern Madagascar, destined for Germany and the United States…
BHP tops all miners in Forbes list of world’s best employers
Australian miner BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has earned a spot in Forbes list of the world’s best employers of 2024, placing best amongst all peers in the…
Diamond miners’ results spark market recovery hopes
Lucapa Diamond (ASX: LOM) and Petra Diamonds (LSE: PDL) provided a glimmer of hope for the precious gemstones market on Tuesday by posting stronger revenues and production figures, signalling a…