Category: Gold

Zijin Mining’s Allied Gold Deal Delay Highlights China’s Cautious Shift in Global Gold Strategy and Africa Investment Risks The postponement of Zijin Mining’s planned acquisition of Canadian-based Allied Gold is more than a routine procedural delay. The three-month extension reflects deeper strategic calculations linked to China’s evolving mining policy, intensifying global competition for gold assets, and rising regulatory and political considerations in Africa. Amid record-high global gold prices and increasing efforts by major economies to secure critical mineral supplies, Beijing’s cautious stance highlights a shift toward greater scrutiny of overseas… Read More Here

Barrick Considers London Listing for African Operations Amid Potential Endeavour Mining Tie-Up Barrick Mining is exploring a potential London listing for its African business, with an all-share transaction involving Endeavour Mining among the options under consideration, according to sources familiar with the matter. The discussions remain at an early stage and no final decision has been made. Sources cautioned that there is no certainty a transaction will proceed, and no announcement is expected in the near term.  If completed, a combined African-focused entity could command a market capitalisation of around… Read More Here

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

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

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