Gold - Copperbelt Katanga Mining

Barrick’s Fourmile Project Poised to Become Century’s Largest Gold Discovery 1

Barrick Mining’s Nevada Fourmile Project Could Rank Among World’s Top 10 Gold Producers Barrick Mining has positioned its Nevada Fourmile project as one of the most important gold discoveries in decades, with new studies indicating it could become a global top-tier producer and reshape the industry’s cost curve. On Tuesday, the Toronto-based miner released an updated preliminary economic assessment (PEA), highlighting Fourmile’s rare combination of grade, scale, and longevity. The report confirmed the project’s potential to qualify as a Tier 1 mine — reserved for large, low-cost, long-life operations. “Fourmile… Read More Here

International Corporate News Gold

Barrick Sells Hemlo Mine to Carcetti Capital in $1.09 Billion Deal

September 11, 2025September 11, 2025 Constance

Barrick Mining Exits Canadian Gold Production with $1.09B Sale of Hemlo Mine to Carcetti Capital Barrick Mining has agreed to sell its Hemlo gold mine in Ontario, its last producing gold operation in Canada, to Carcetti Capital for up to $1.09 billion. Following the transaction, the buyer will be renamed Hemlo Mining Corp (HMC). The deal, announced Wednesday, marks the latest step in Barrick’s multi-year strategy to divest noncore assets and sharpen its focus on large, long-life gold and copper operations. Deal Structure Under the terms, Barrick will receive: $875… Read More Here

Gold International

Galiano Gold Suspends Esaase Operations After Deadly Clash in Ghana

September 11, 2025September 11, 2025 Constance

Galiano Gold Halts Esaase Mine Operations Following Community Clashes in Ghana TSX- and NYSE American-listed Galiano Gold has announced the temporary suspension of operations at the Esaase deposit of its Asanko gold mine in Ghana after violent clashes between community members and military personnel on September 9. The deployment of military personnel formed part of a state-mandated security intervention coordinated through the Ghana Chamber of Mines, the company said. According to Galiano, tensions between the local community and the security forces escalated into civil unrest, resulting in the death of… Read More Here

Mining in DRC Economy Gold News in Brief

Congolese Gold Price Sees Modest Uptick Amid Global Market Stability

September 7, 2025September 7, 2025 Constance

Congolese Gold Price Rises to $108.71 per Gram as Global Markets Remain Stable The price of Congolese gold experienced a slight increase on international markets, reaching USD 108.71 per gram for the week of September 1–6, 2025, up from USD 108.10 the previous week. This represents a modest rise of 0.56%, according to the National Commission of Mercuriales. Although contained, this increase reflects the current stability of gold on global stock markets. The precious metal continues to serve as a safe haven amid economic uncertainties and speculative market movements. In… Read More Here

Mining in DRC Gold

DRC Civil Society Urges Crackdown on Illegal Gold Mining in Haut-Uélé

September 7, 2025September 7, 2025 Constance

DRC’s Haut-Uélé Faces Environmental Threats from Illegal Gold Mining by Foreigners, Civil Society Calls for Expulsions The Congolese League for the Fight against Corruption (LICOCO) has raised alarm over the anarchic and illegal exploitation of gold in Haut-Uélé province, Democratic Republic of Congo (DRC). The civil society organization is urging the provincial governor to expel illegal operators, particularly Chinese nationals and other foreigners. In a press release dated September 4, 2025, LICOCO Executive Secretary Ernest Mpararo expressed concerns about the environmental impact of illegal mining activities, including river pollution and… Read More Here

International Gold

Burkina Faso Clarifies Govt’s Stake in Kiaka Gold Mine as Optional Under New Mining Code

September 7, 2025September 7, 2025 Constance

Burkina Faso Assures Investors: State’s Stake in WAF’s Kiaka Gold Mine Optional, Not Mandatory Burkina Faso’s director-general of the mining registry, Mamadou Sagnon, has sought to reassure investors that the government’s request for a larger stake in West African Resources’ (WAF) new Kiaka gold mine is not an obligation but an option under the country’s updated mining legislation. Speaking at the Africa Down Under conference in Perth, Sagnon explained that the July 2024 Mining Code increased the State’s free-carried interest in mining projects from 10% to 15%, while also allowing… Read More Here

International Events & Expos Gold

Ghana Reaffirms Mining Stability as $100m Black Volta Gold Project Faces Dispute

September 4, 2025September 4, 2025 Constance

Ghana Reassures Investors Amid Black Volta Gold Project Dispute Ghana’s Lands and Natural Resources Minister, Armah-Kofi Buah, has moved to reassure international investors that the country remains a stable and attractive mining destination, despite a legal dispute delaying development of the Black Volta gold project. Speaking at the Africa Down Under conference in Perth on Thursday, Buah emphasized that the matter should be kept in perspective. “In my presentation, I was very clear about the number of companies operating happily in Ghana. I talked about the ten largest companies, five… Read More Here

International Corporate News Gold

Zijin Mining Plans $3 Billion Hong Kong IPO for Gold Unit Amid Record Prices

September 4, 2025September 4, 2025 Constance

China’s Zijin Mining Eyes $3B Hong Kong IPO for Gold Unit as Prices Near Record Highs China’s Zijin Mining Group is preparing to list its international gold-mining subsidiary, Zijin Gold International, in Hong Kong in an initial public offering (IPO) that could raise more than $3 billion, according to sources familiar with the matter. If completed, the deal would rank as the second-largest IPO globally in 2025. The final size and timing of the IPO are still under discussion, though the listing could launch as early as this month. Investor… Read More Here

Gold Copper Corporate News Mining in Zambia

Kansanshi’s Golden Thread: How Zambia’s Largest Copper Mine Became a Pillar of National Gold Reserves

September 1, 2025September 1, 2025 Constance

In the heart of Zambia’s North-Western Province, Kansanshi Mine towers as a copper giant — but it is gold that increasingly shines in the national conversation. For nearly two decades, Kansanshi Mine has produced gold as a copper by-product, pouring it into bars that have become a cornerstone of Zambia’s national reserves through the Bank of Zambia (BOZ). While Kansanshi’s processing plants are optimized for copper output, the gold extracted now stands at the center of national economic strategy, contributing to Zambia’s reserves, bolstering the kwacha, and attracting high-value global… Read More Here

Gold International

Burkina Faso Pushes Resource Nationalization with New Bid for Kiaka Gold Mine Stake

August 31, 2025August 31, 2025 Constance

Burkina Faso Seeks Bigger Stake in Kiaka Gold Mine as Resource Nationalization Accelerates Burkina Faso is intensifying its push to nationalize natural resources, requesting to acquire an additional 35% stake in West African Resources’ (ASX: WAF) Kiaka gold mine. The move prompted the miner to request a trading halt on Thursday. The government’s proposal targets a larger share of the Kiaka mine, which produced its first gold in June 2025. West African Resources said the stake would be acquired “for valuable paid consideration” and expects trading to resume Monday. West… Read More Here