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Category: Gold

DRC Gold Trading SA Moves 280kg of Gold Injects 27M into Maniema 1 Mining in DRC Gold 

DRC Gold Trading SA Moves 280kg of Gold Injects 27M into Maniema

Constance
In a major boost for the Democratic Republic of Congo’s artisanal gold sector, state-owned enterprise DRC Gold Trading SA announced on March 25, 2025, that it had successfully funneled over 280 kilograms of artisanal gold through its Kindu branch in Maniema province—just two months after the branch’s inauguration. The operation has brought more than US$27 million into the provincial economy, a result credited to the company’s strategic partnership with Rawbank. This collaboration supports DRC Gold Trading SA’s mission to formalize the artisanal gold sector and bring its production into the… Read More Here
Barrick Seeks World Bank Intervention as Mali Threatens to Seize Major Gold Mine 2 International Corporate News Gold 

Barrick Seeks World Bank Intervention as Mali Threatens to Seize Major Gold Mine

Constance
Barrick Gold has turned to the World Bank’s arbitration tribunal in an attempt to block the Malian government from taking control of its Loulo-Gounkoto gold mine, amid a deepening legal dispute that threatens the company’s long-standing operations in the West African nation. The move follows the Malian government’s request to a local court to place the mine under provisional administration—a decision expected on June 2. If the court sides with the government, an appointed individual or organization could take over and potentially restart operations at the mine, which has been… Read More Here
Burkina Faso Set to Boost Gold Output as New Mines Come Online 3 Gold International 

Burkina Faso Set to Boost Gold Output as New Mines Come Online

Constance
Burkina Faso is on track to increase industrial gold production in 2025, driven by the ramp-up of operations at Soleil Resources International’s Youga mine and the anticipated launch of West African Resources’ Kiaka project. According to Aristide Belemsobgo, Director General of Mines and Geology at the Ministry of Energy, Mines and Quarries, output from large-scale mining operations is projected to rise by 4% to 55.7 tonnes this year. Gold remains Burkina Faso’s top export earner, a status reaffirmed by junta leader Captain Ibrahim Traoré, who took power in a 2022… Read More Here
Barrick Awaits Court Ruling in Mali Amid Ongoing Dispute Over Mine Control 4 International Corporate News Gold 

Barrick Awaits Court Ruling in Mali Amid Ongoing Dispute Over Mine Control

Constance
Barrick Gold Corporation, listed on the NYSE and TSX, is awaiting a court ruling scheduled for June 2 by the Bamako Commercial Tribunal regarding the Mali government’s attempt to place the Loulo-Gounkoto mining complex under provisional administration. The move follows the government’s formal request submitted to the court on May 8. In response, Barrick’s Loulo and Gounkoto operations filed legal objections on May 22, contesting the government’s demand. A preliminary hearing on May 15 granted the company an opportunity to present its case. In an official statement, Barrick firmly rejected… Read More Here
Kuvimba Mining Seeks $950 Million to Boost Gold and Lithium Production in Zimbabwe 5 Lithium Corporate News Gold International 

Kuvimba Mining Seeks $950 Million to Boost Gold and Lithium Production in Zimbabwe

Constance
Kuvimba Mining House, one of Zimbabwe’s leading mining companies, is looking to raise $950 million to expand its gold and lithium production, CEO Trevor Barnard announced at a mining conference in Victoria Falls. “First and foremost, we need funding,” Barnard said. “We require a significant amount of capital to make our businesses work.” He did not reveal the potential investors involved in the fundraising effort or the timeline for securing the financing. Kuvimba owns some of Zimbabwe’s oldest and most prominent gold mines, including Freda Rebecca and Shamva. The company… Read More Here
Kansanshi Mine Expansion Nears Completion with Copper Output Set to Rise 6 Mining in Zambia Copper Corporate News Gold New Mining Projects 

Kansanshi Mine Expansion Nears Completion with Copper Output Set to Rise

Constance
The expansion of the Kansanshi copper and gold mine near Solwezi in Zambia’s North-Western Province is now 80% complete, according to the mine’s Assistant General Manager, Axel Kotten. The upgrade, known as the S3 Expansion Project, aims to significantly increase the mine’s output, reinforcing Zambia’s role as a global copper powerhouse. Minister of Mines and Mineral Development, Hon. Paul Kabuswe, recently visited the site to assess progress and reaffirm the government’s commitment to supporting the mining sector’s growth. Once complete, the expansion is expected to greatly enhance copper production and… Read More Here
Namibia Embraces Ghana’s Gold Reserve Strategy to Boost Economic Resilience 7 International Gold 

Namibia Embraces Ghana’s Gold Reserve Strategy to Boost Economic Resilience

Constance
Namibia has unveiled plans to adopt Ghana’s widely praised Gold Purchase Programme in a strategic bid to strengthen its monetary policy and revive its struggling economy. The initiative seeks to boost the country’s foreign reserves, curb inflation, and reinforce the value of the Namibian dollar by stockpiling gold as a key financial asset. With a robust mining sector and stable political environment, Namibia is one of Africa’s notable gold producers, and the industry remains a vital contributor to national GDP. According to The Namibia Economist, Bank of Namibia (BoN) Governor… Read More Here
Mali Seeks Court-Ordered Takeover of Barrick’s Gold Mines Amid Ongoing Dispute 8 Gold Corporate News International 

Mali Seeks Court-Ordered Takeover of Barrick’s Gold Mines Amid Ongoing Dispute

Constance
DAKAR/TORONTO – A court in Mali is set to hear a request from the country’s military government on Thursday to place Barrick’s Loulo-Gounkoto gold mine under provisional administration, a move that could significantly escalate the ongoing dispute between the Canadian miner and the West African state. The conflict, which began in 2023, centers on tax claims and disagreements over a new mining code that increases government royalties and ownership stakes. Operations at the Loulo-Gounkoto complex were suspended in January after the government seized around 3 metric tons of gold—valued at… Read More Here
Barrick Begins Trading Under Symbol ‘B’ on NYSE to Reflect Gold-Copper Growth Strategy 9 International Corporate News Gold 

Barrick Begins Trading Under Symbol ‘B’ on NYSE to Reflect Gold-Copper Growth Strategy

Constance
Barrick Gold Corporation, dual-listed in the U.S. and Canada, has officially begun trading under the single-letter ticker symbol ‘B’ on the New York Stock Exchange (NYSE), marking a significant milestone in the company’s evolution. To commemorate the occasion, Barrick President and CEO Mark Bristow rang the NYSE opening bell on Friday. “Barrick’s vision is to be the world’s most valued gold and copper exploration, development, and mining company,” said Bristow. “Alongside our world-class portfolio of six Tier 1 gold mines, we are building a significant copper business that will drive… Read More Here
Barrick Gold Changes Name to Barrick Mining Corporation and Updates NYSE Ticker to B 10 Gold Corporate News International 

Barrick Gold Changes Name to Barrick Mining Corporation and Updates NYSE Ticker to B

Constance
NYSE- and TSX-listed Barrick Gold Corporation has officially changed its name to Barrick Mining Corporation (or Société minière Barrick in French) following shareholder approval at its annual and special meeting held on May 6. The company’s common shares will begin trading under the new name on both exchanges effective May 9. On the New York Stock Exchange (NYSE), the ticker symbol will change from GOLD to B starting that day. On the Toronto Stock Exchange (TSX), shares will continue to trade under the ABX symbol. In addition to the name… Read More Here

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