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Category: Gold

DRC Shuts Down Illegal Chinese Gold Mine in Watsa 1 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 2 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 3 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
Mali’s Gold Output Plummets Amid Dispute with Barrick Gold and Policy Shifts 4 Gold International 

Mali’s Gold Output Plummets Amid Dispute with Barrick Gold and Policy Shifts

Constance
Mali Gold Production Falls 32% in 2025 Due to Barrick Gold Dispute and Regulatory Changes Mali, one of Africa’s largest gold producers, has experienced a sharp decline in gold production following significant policy changes and ongoing disputes with foreign mining companies. A recent Mines Ministry report revealed that industrial gold output in the junta-led West African nation fell by 32% year-on-year, amounting to a loss of 26.2 tons of gold by the end of August 2025. An unnamed ministry official told Reuters that production was 22.5% below the government’s projection… Read More Here
Barrick Announces Leadership Transition 5 International Corporate News Gold Mining Personality 

Barrick Announces Leadership Transition

Constance
Mark Hill Appointed Group COO and Interim President & CEO Search Underway to Identify Successor President & CEO TORONTO – Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) today announced that the Company’s Board of Directors (the “Board”) has appointed Mark Hill as Group COO and Interim President and Chief Executive Officer, effective immediately, following the departure of Mark Bristow. Mark Hill, who is currently responsible for Barrick’s Latam and Asia Pacific regions, is a seasoned mining executive with 30 years of experience. He joined Barrick in 2006 and has… Read More Here
Galiano Gold Halts Esaase Deposit Operations After Fatal Clashes in Ghana 6 International Gold News in Brief 

Galiano Gold Halts Esaase Deposit Operations After Fatal Clashes in Ghana

Constance
Galiano Gold Suspends Esaase Operations Following Community Clashes in Ghana Galiano Gold, listed on the TSX and NYSE American, has temporarily suspended operations at the Esaase deposit of its Asanko gold mine in Ghana following violent clashes between community members and military personnel on September 9. The company explained that the military presence at the mine was part of a state-mandated security intervention coordinated through the Ghana Chamber of Mines. Tensions escalated between the community and security forces, resulting in civil unrest, the tragic death of one individual, and damage… Read More Here
Barrick’s Fourmile Project Poised to Become Century’s Largest Gold Discovery 7 International Corporate News Gold 

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

Constance
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
Barrick Sells Hemlo Mine to Carcetti Capital in $1.09 Billion Deal 8 International Corporate News Gold 

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

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
Galiano Gold Suspends Esaase Operations After Deadly Clash in Ghana 9 Gold International 

Galiano Gold Suspends Esaase Operations After Deadly Clash in Ghana

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
Congolese Gold Price Sees Modest Uptick Amid Global Market Stability 10 Mining in DRC Economy Gold News in Brief 

Congolese Gold Price Sees Modest Uptick Amid Global Market Stability

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

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