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Category: Gold

Kibali Gold Mine Posts Strong Q3 2025 Production in DRC 1 Mining in DRC Corporate News Gold 

Kibali Gold Mine Posts Strong Q3 2025 Production in DRC

Constance
Kibali Gold Mine Boosts Third-Quarter Output by 21% in DRC, Strengthening Barrick’s Global Gold Portfolio The Kibali gold mine, the Democratic Republic of Congo’s (DRC) flagship gold asset, delivered a strong performance in the third quarter of 2025. According to the quarterly report released by operator Barrick Mining on Monday, November 10, 2025, Kibali produced 191,000 ounces of gold between July and September, marking a 21% increase compared to 159,000 ounces in the same period in 2024. The production growth was largely driven by a ramp-up in open-pit mining operations… Read More Here
Shanta Gold Uncovers $5.28 Billion Underground Gold Deposits in Western Kenya 2 International Corporate News Gold 

Shanta Gold Uncovers $5.28 Billion Underground Gold Deposits in Western Kenya

Constance
$5.28 Billion Gold Reserves Discovered in Western Kenya’s Lirhanda Corridor, Boosting Mining Investment A British mining company, Shanta Gold Kenya Limited, announced on Wednesday the discovery of extensive underground gold deposits in Kakamega County, western Kenya, estimated to be worth more than $5.28 billion (Sh683 billion). Officials have described the find as a historic milestone for Kenya’s mineral sector. The discovery was made in the Lirhanda Corridor, a 1,200-kilometer mineral belt spanning Kakamega and Vihiga counties, following years of intensive exploration and drilling. “The project aims to secure the necessary… Read More Here
Barrick Mining Boosts Dividends and Launches Operational Review Amid Record Free Cash Flow 3 Corporate News Gold International 

Barrick Mining Boosts Dividends and Launches Operational Review Amid Record Free Cash Flow

Constance
Barrick Mining Reports $1.5B Free Cash Flow, Increases Dividend and Launches Nevada-Pueblo Viejo Operational Review Barrick Mining has used the first quarter following the unexpected resignation of CEO Mark Bristow to announce an operational review and measures to return capital to shareholders, supported by record free cash flow. The company reported $1.5 billion in free cash flow for the three-month period, driven by soaring gold prices that hit all-time highs in US dollars. In response, Barrick increased its base dividend and expanded its share buyback program. “This strong cash flow… Read More Here
Barrick Gold Posts Record Q3 2025 Earnings and Cash Flow on Higher Production and Strong Prices 4 Corporate News Gold International 

Barrick Gold Posts Record Q3 2025 Earnings and Cash Flow on Higher Production and Strong Prices

Constance
Barrick Gold Reports Record $2.4 Billion Cash Flow and $1.3 Billion Profit in Q3 2025 as Gold Output Rises Barrick Gold Corporation reported record quarterly cash flow and earnings for the third quarter of 2025, fueled by higher gold production, lower operating costs, and robust commodity prices. The world’s second-largest gold miner said operating cash flow surged 82% from the previous quarter to $2.4 billion, while free cash flow jumped 274% to $1.5 billion. Net earnings climbed to $1.3 billion, or $0.76 per share, with adjusted earnings up 23% to… Read More Here
Newmont Reportedly Exploring Takeover of Barrick’s Nevada Gold Mines 5 International Corporate News Gold 

Newmont Reportedly Exploring Takeover of Barrick’s Nevada Gold Mines

Constance
Newmont Weighs Bid for Barrick’s Nevada Gold Mines in Potential Industry-Shaping Deal Newmont Corporation, the world’s largest gold producer, is reportedly exploring a potential deal to acquire full control of Barrick Gold’s Nevada operations, according to Bloomberg. The move could mark one of the most significant gold-sector transactions in years, potentially reshaping the balance of power within the global mining industry. Why It Matters The Nevada Gold Mines (NGM) complex — the world’s largest gold mining operation is currently a joint venture between Barrick Gold Corporation (which operates and holds… Read More Here
DRDGOLD Names Henriette Hooijer as New CFO for 2026 6 Corporate News Gold International Mining Personality 

DRDGOLD Names Henriette Hooijer as New CFO for 2026

Constance
DRDGOLD Announces CFO Transition: Riaan Davel to Step Down in 2026, Henriette Hooijer Appointed Successor JSE- and NYSE-listed gold producer DRDGOLD Limited (JSE: DRD) has announced a key leadership transition, confirming that Chief Financial Officer (CFO) and Executive Director Riaan Davel will step down from his roles with effect from 31 January 2026. The company further confirmed that Henriette Hooijer will officially assume the position of CFO from 1 February 2026, marking the next phase in DRDGOLD’s ongoing succession and transformation strategy. Smooth Succession Following Early Planning This announcement follows… Read More Here
Barrick Mining Denied Request to Expedite Arbitration Case Against Mali 7 Gold Corporate News International 

Barrick Mining Denied Request to Expedite Arbitration Case Against Mali

Constance
Barrick Mining’s Urgent Arbitration Request Against Mali Rejected Amid Mining Dispute Barrick Mining’s request to fast-track its international arbitration case against Mali was rejected, according to two sources familiar with the matter who spoke to Reuters on Friday. The West African country’s government had been engaged in tense negotiations with Barrick since 2023 over the implementation of a new mining code that increased taxes and granted the government a larger share of gold mine revenues. Barrick initiated arbitration proceedings with the World Bank’s International Centre for Settlement of Investment Disputes… Read More Here
Gold price rises 2.4% as investors seek safety amid US economic and geopolitical uncertainties 8 Gold Economy News in Brief 

Gold price rises 2.4% as investors seek safety amid US economic and geopolitical uncertainties

Constance
Gold Surges Amid Market Uncertainty, Cementing Its Safe-Haven Status Gold continues to demonstrate its role as a safe-haven asset during periods of instability. By the end of the second week of October 2025, the price of an ounce of gold reached $3,978.10, marking a weekly gain of 2.4%. Several factors contributed to this rise. Markets are pricing in a potential cut in US interest rates, alongside a weaker US dollar. Investor anxiety is further fueled by ongoing concerns over a possible US government shutdown, a scenario that historically heightens market… Read More Here
Rebels Loot $70 Million in Gold from Twangiza Mine in Eastern DRC 9 Mining in DRC Gold 

Rebels Loot $70 Million in Gold from Twangiza Mine in Eastern DRC

Constance
M23 rebels accused of stealing 500 kg of gold from Twangiza Mining’s DRC concession amid ongoing conflict Twangiza Mining has accused M23 rebels occupying its gold concession in eastern Democratic Republic of Congo (DRC) of stealing at least 500 kg of gold bullion—worth an estimated $70 million—since taking control of the site in May 2025. The company also alleged that some of its own employees assisted the rebels in smuggling the gold out of the mine, located in South Kivu province, where M23 has dramatically expanded its territorial control this… Read More Here
Kavango Confirms Open-Pit Gold Deposit at Nightshift Prospect in Zimbabwe 10 International Gold 

Kavango Confirms Open-Pit Gold Deposit at Nightshift Prospect in Zimbabwe

Constance
Kavango Resources announces maiden JORC-compliant gold resource at Nightshift prospect, boosting Hillside project potential in Zimbabwe LSE-listed Kavango Resources has confirmed the presence of an open-pit gold deposit at its Nightshift prospect, part of the Hillside gold project in Zimbabwe, following a maiden Joint Ore Reserves Committee (JORC)-compliant mineral resource estimate (MRE) that exceeded expectations. Announcing the results on October 20, the company said the MRE validates its strategy to expand gold production through modern, mechanised mining and processing methods. According to Kavango, the Nightshift deposit is expected to deliver… Read More Here

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