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Category: Gold

Gold price rises 2.4% as investors seek safety amid US economic and geopolitical uncertainties 1 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 2 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 3 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
Barrick Resumes Gold Production at Mali’s Loulo-Gounkoto Mine After Nine-Month Shutdown 4 International Corporate News Gold 

Barrick Resumes Gold Production at Mali’s Loulo-Gounkoto Mine After Nine-Month Shutdown

Constance
Barrick’s Loulo-Gounkoto gold mine restarts operations in Mali after government dispute and nine-month halt Barrick Gold Corporation has restarted operations at its Loulo-Gounkoto gold mine in Mali after a shutdown lasting more than nine months, Bloomberg reported, citing sources familiar with the matter. The Loulo-Gounkoto complex, one of Barrick’s most important assets in West Africa, was shut down in January following escalating tensions with Mali’s military-led government. The dispute intensified earlier this year when a Malian court appointed Soumana Makadji, an accountant and former health minister, to manage the mine… Read More Here
DRC Calls for “Gold Kimberley Process” to Curb Illicit Mineral Trade in Conflict Zones 5 Mining in DRC Gold 

DRC Calls for “Gold Kimberley Process” to Curb Illicit Mineral Trade in Conflict Zones

Constance
DRC Urges UN to Establish Global “Kimberley Process” for Gold to Stop Funding of Armed Groups Speaking before the United Nations Security Council on Monday, Zénon Mukongo Ngay, Permanent Representative of the Democratic Republic of Congo (DRC) to the UN, called for the creation of a global certification mechanism—similar to the Kimberley Process for diamonds—to regulate the trade of gold and minerals from conflict zones. “My government reiterates its request for the establishment of a mechanism similar to the Kimberley Process to manage gold from conflict zones, in order to… Read More Here
DRC to Build Gold Reserves to Strengthen Currency and Support Economic Stability 6 Mining in DRC Economy Gold 

DRC to Build Gold Reserves to Strengthen Currency and Support Economic Stability

Constance
DRC Launches Gold Reserve Strategy as Prices Soar Past $4,000 an Ounce to Bolster the Franc The Democratic Republic of Congo (DRC) plans to begin building official gold reserves as part of a broader strategy to strengthen the Congolese franc and support economic resilience, according to Central Bank Governor André Wameso. The move comes amid record-high global gold prices, which surged past $4,000 an ounce this week, marking an increase of more than 50% year-to-date. The rise has been largely driven by heightened central bank purchases worldwide as countries seek… Read More Here
Epiroc Secures $12 Million Order from Asante Gold for Chirano Mine in Ghana 7 International Corporate News Gold 

Epiroc Secures $12 Million Order from Asante Gold for Chirano Mine in Ghana

Constance
Epiroc Wins Major $12 Million Mining Equipment Contract from Asante Gold for Chirano Mine in Ghana Mining and infrastructure productivity partner Epiroc has secured a significant order for advanced mining equipment and digital solutions from Asante Gold Corporation, a Canadian mining company operating the Chirano gold mine in southwestern Ghana. The order, valued at approximately SEK 115 million (US$12 million), includes a fleet of underground mining trucks, loaders, face drilling rigs, and production drilling rigs designed to enhance productivity and safety at Chirano — a combined open-pit and underground operation.… Read More Here
DRC Shuts Down Illegal Chinese Gold Mine in Watsa 8 Mining in DRC Gold Governance 

DRC Shuts Down Illegal Chinese Gold Mine in Watsa

Constance
Minister Watum Kabamba Leads Crackdown on Illegal Gold Mine in Watsa Watsa, Haut-Uélé Province — In a decisive move to restore order and legality to the mining sector, Democratic Republic of Congo (DRC) Minister of Mines Louis Watum Kabamba led a forceful operation in Watsa territory that resulted in the shutdown of a large-scale illegal gold mining operation run by Chinese nationals. The action marks a major milestone in the government’s campaign against mining predation and lawlessness. A High-Profile Raid in Gatanga Under the blazing sun and clouds of dust… Read More Here
Japan Gold and Barrick Mining End Strategic Alliance After Five Years of Exploration 9 International Corporate News Gold 

Japan Gold and Barrick Mining End Strategic Alliance After Five Years of Exploration

Constance
Japan Gold Ends Partnership with Barrick Mining After C$23 Million Investment and Plans New Exploration Strategy The strategic alliance between Japan Gold (TSXV: JG) and Barrick Mining (TSX: ABX, NYSE: GOLD) will officially end on October 31, 2025, after more than five years of collaboration and C$23 million (US$17 million) in exploration spending. Announced by Vancouver-based Japan Gold, the decision to terminate the partnership was mutual. Established in February 2020, the alliance aimed to explore, develop, and mine mineral properties in Japan with the potential to host Tier 1 or… Read More Here
DRC Targets Gold Market Expansion Amid Record Prices and New Investment Plans 10 Mining in DRC Economy Gold 

DRC Targets Gold Market Expansion Amid Record Prices and New Investment Plans

Constance
Democratic Republic of Congo Seeks to Expand Gold Mining as Prices Surge Above $3,700/oz Known primarily for its vast copper and cobalt reserves, the Democratic Republic of Congo (DRC) is now seeking to strengthen its position in the global gold market. Currently dominated by the Kibali mine, which accounts for nearly 90% of the country’s gold production, Kinshasa is exploring the possibility of opening new industrial gold mines. This announcement was made by Mines Minister Louis Watum in an interview with Bloomberg on September 25, 2025. The timing coincides with… Read More Here

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