Gold - Copperbelt Katanga Mining

Contractor Exit and Layoffs Deepen Uncertainty at Mali’s Loulo-Gounkoto Gold Complex 1

Over 600 Jobs Cut as Contractor Exits Barrick’s Loulo-Gounkoto Gold Mine in Mali Amid Ongoing Disruptions A key contractor at Mali’s Loulo-Gounkoto gold complex, the country’s largest gold mining operation, is winding down its activities and laying off more than 600 workers. The move adds to ongoing instability surrounding one of Africa’s most significant gold assets. Gounkoto Mining Services (GMS), a contractor linked to France-based Bouygues Construction through DTP Mining, is ending operations after its agreement is not expected to be renewed by Barrick Mining in 2026. The decision follows… Read More Here

Gold Corporate News International

B2Gold Reports $200M Profit Surge on Strong African Output as Gold Production Reaches 237,763 Ounces

May 12, 2026May 12, 2026 Constance0 comment

B2Gold Posts $200M Profit as Mali and Namibia Drive Gold Production Growth Across Africa, Canada, and the Philippines Canadian gold producer B2Gold Corp. has reported a significant financial uplift, driven by strong production from its operations in Mali and Namibia, alongside contributions from Canada and the Philippines. The company posted a $200 million increase in net income, supported by solid operational performance and robust cash flow generation. During the period, B2Gold produced a total of 237,763 ounces of gold, reinforcing its position as a leading intermediate gold producer with a… Read More Here

Corporate News Gold International

Barrick Launches $3 Billion Share Buyback Ahead of North American Spinout

May 12, 2026May 12, 2026 Constance0 comment

Barrick Mining Announces $3 Billion Share Buyback as Gold Prices Drive Strong Earnings Growth Barrick Mining has announced a $3 billion share buyback program as the company moves to strengthen shareholder returns ahead of the planned spinout and public listing of its North American assets. The Toronto-based gold producer unveiled the repurchase plan after reporting strong first-quarter financial results, supported by record gold prices and solid free cash flow generation. The move expands the company’s shareholder return strategy following a $500 million buyback completed late last year. Barrick is preparing… Read More Here

Mining in Zambia Copper Gold New Mining Projects

Barrick Advances Lumwana Super Pit Expansion as Copper Output Rises

May 12, 2026May 12, 2026 Constance0 comment

Barrick’s Lumwana Copper Expansion in Zambia Remains on Track for 2028 Production Target Construction of the Lumwana Super Pit copper expansion project in Zambia remained on schedule and within budget during the first quarter of 2026, mining giant Barrick Gold announced on Monday, 11 May. The company confirmed that the first lift of the mill building wall was successfully completed during the quarter. Mill shells have already been delivered to the site, while the first shipments of structural steel are expected before the end of June. Barrick expects 2026 capital… Read More Here

International Gold

South Africa’s Gold Sector Revives with Low-Cost Projects and Modular Mining Shift

May 6, 2026May 6, 2026 Constance0 comment

South Africa Gold Mining Revival: New Low-Cost Projects Drive Industry Restructuring South Africa is experiencing renewed interest in its gold sector as smaller, lower-cost projects and modular mining technologies begin reshaping an industry that has declined by more than 70% over the past two decades. The shift marks a move away from deep-level, capital-intensive mining toward faster-developing projects focused on legacy deposits and improved cost efficiency. In Mpumalanga, Theta Gold Mines is advancing its TGME Gold Project near the historic town of Pilgrim’s Rest, an area largely inactive since the… Read More Here

Mining in DRC Economy Gold

DRC Mining Exports Gain Momentum as Global Commodity Prices Rise

April 30, 2026April 30, 2026 Constance0 comment

DRC Mineral Prices Climb: Copper, Gold, Tin and Zinc Rise While Cobalt Holds Steady Mining export prices from the Democratic Republic of the Congo are projected to trend upward on international markets during the period from April 27 to May 2, 2026, according to forecasts from the Ministry of Foreign Trade. The latest price index indicates broad-based gains across key mineral commodities, reflecting sustained global demand and improving market conditions. Gold, one of the country’s primary exports, is expected to increase to $155.28 per kilogram, up from $153.87 the previous… Read More Here

Mining in DRC Cobalt Copper Economy Gold Tin

DRC Mineral Export Prices Rise Sharply as Key Metals Gain on Global Markets

April 30, 2026April 30, 2026 Constance0 comment

DRC Mineral Prices Show Upward Trend: Gold, Copper, Tin and Germanium Rise While Cobalt Holds Steady Market data for mineral products exported from the Democratic Republic of Congo (DRC) for the period April 27 to May 2, 2026 shows an overall upward trend on international markets, driven by gains in several strategic metals. Precious and industrial metals recorded notable increases. Gold rose from $153.87 to $155.28 per gram, while copper increased from $12,836.10 to $13,177.50 per ton. Aluminum ingots also posted gains, climbing from $1,690.63 to $1,718.98 per ton. Other… Read More Here

International Gold

Mining Investment in Mali Persists Despite Escalating Security Risks

April 30, 2026April 30, 2026 Constance0 comment

Mining Companies Maintain Investments in Mali Amid Rising Security Threats and Political Instability International mining companies are expected to continue investing in Mali, one of Africa’s most resource-rich nations, despite a sharp escalation in security risks following a recent surge in coordinated insurgent attacks. Mali is a leading gold producer on the continent, benefiting from record-high global prices. The country also holds substantial reserves of lithium, uranium, and copper, making it strategically important for global resource markets. However, decades of insurgency and political instability including repeated military coups have complicated… Read More Here

International Corporate News Gold Mining Personality

Barrick Mining Names North America Leadership Team Ahead of Planned IPO

April 28, 2026April 28, 2026 Constance0 comment

Barrick Appoints Executive Team to Lead North American Business Spin-Off Barrick Mining Corporation announced on Tuesday the appointment of a new executive leadership team for its North American operations as the company moves forward with plans to pursue an initial public offering (IPO) for the business. The restructuring marks a significant step in the company’s strategy to strengthen operational focus and unlock shareholder value from its North American asset base. Key Leadership Appointments The newly formed leadership team will oversee the standalone operations of Barrick’s North American division as it… Read More Here

International Corporate News Gold New Mining Projects

Ecuador Seals $1.7 Billion Mining Deal with China’s CMOC Group to Advance Major Gold Project

April 28, 2026April 28, 2026 Constance0 comment

Ecuador Secures Major Mining Investment as $1.7 Billion Los Cangrejos Project Aims to Boost State Revenue and Expand Mining Sector Ecuador has taken a significant step to expand its mining industry after signing a major contract with the local subsidiary of China’s CMOC Group to develop the Los Cangrejos mining project. The agreement represents one of the largest recent investments in the country’s resource sector, with total projected capital expenditure exceeding $1.7 billion. Located in El Oro province, the Los Cangrejos project will be developed by ODIN Mining del Ecuador,… Read More Here