New Murchison Gold (NMG) has entered into an ore purchase agreement with Westgold Resources in a bid to increase production at its Crown Prince gold deposit near Meekatharra, Western Australia.
Tensions between the US and China may weigh on energy and commodities markets next year, while the outlook remains bright for gold, ING Groep NV said.
Barrick Gold Corp. is seeking buyers for its Tongon gold mine in the Ivory Coast in an effort to sell the aging operation when bullion prices are surging.
The world’s biggest gold miner, Newmont Corp., is further reducing its corporate workforce as part of an effort to trim costs.
Gold has scope to push higher next year, likely hitting a record, as the Federal Reserve cuts rates and central banks add bullion to reserves, according to Macquarie Group Ltd.
Northern Star Resources’ A$5 billion ($3.3bn) acquisition of developer De Grey Mining could take the growing gold producer’s annual production to as high as three million ounces per year.
The involvement of Indigenous people in illegal gold hunting, lured by the prospect of easy money due to record prices, has made Brazil’s task of cracking down on wildcat mining in the Amazon far harder, environmental agents and police say.
B2Gold says that its Fekola mine complex in Mali will continue to operate at full capacity despite an ongoing strike, and there will be no impact on the annual production guidance.
Iamgold announced on Monday that it had exercised its right to repurchase a 9.7% interest in the Côté gold mine in northern Ontario from Sumitomo Metal Mining.
Spartan Resources’ Pepper gold deposit in Western Australia has had its indicated resource increased by 71 per cent, a feat Spartan is crediting to its exploration success in 2024.