Donald Trump’s victory immediately buoyed markets from stocks to Bitcoin. Gold is going to take a lot longer to turn things around.

Wesdome Gold Mines had a successful 2024 exploration program at the Kiena gold mine near Val d’Or, Quebec. Not only has the high-grade mineralization been extended, but there are reasons to consider a second mine at the site. Uncapped assays ran as high as 1,920 grams per tonne over 0.8 metre.

Macmahon Holdings will continue providing underground mining services to Vault Minerals’ Daisy Milano gold mine in Western Australia.

The ore reserve estimate for Capricorn Metals’ Mt Gibson gold project in the Murchison region of Western Australia has increased 41 per cent, or 758,000 ounces.

The mineral resource at Westgold’s Bluebird-South Junction in Western Australia has grown to 1.4 million ounces.

Money managers’ bullish wagers on gold fell to the lowest in more than three months as Donald Trump’s decisive election victory reduced haven demand for the precious metal.

Gold traded near a two-month low, on course for its worst week since June 2021 as traders wind back expectations for a Federal Reserve interest-rate cut next month.

Aya Gold & Silver confirmed on Friday that its third quarter 2024 results came below expectations due to delays in commissioning its expanded Zgounder mine in Morocco, but added that it is on track to achieve commercial production by year-end.

Desperate relatives of possibly hundreds of illegal miners stuck underground in a disused mine shaft in South Africa waited outside the site on Friday in the hope that their loved ones would emerge safely.

Resolute Mining CEO Terence Holohan and two other employees of the Australian company were still being detained in Mali on Thursday, two diplomatic sources there told Reuters.