Gold - Copperbelt Katanga Mining

North America’s Top Mining CEOs Anticipate Turbulent Year Ahead

January 16, 2023January 16, 2023 Constance

Top executives from North America’s biggest metals producers are bracing for a turbulent 2023 marked by recession, geopolitical risks and an uncertain investment climate that could change the face of mining. The year “is going to be seen as the start of serious change — in the way mines operate and are held accountable,” Barrick Gold Corp. Chief Executive Officer Mark Bristow said in an interview. “The scenario that’s playing out across the globe is a very interesting dynamic, and honestly I don’t think anywhere is perfectly safe to invest… Read More Here

International Gold

The Price Of Gold At More Than 1900 USD Per Ounce

January 15, 2023January 15, 2023 Constance

On Friday 13.01.2023 gold prices reached an eight-month high, surpassing the crucial $1,900 mark, as a decrease in US inflation increased the likelihood of a slower pace of interest rate hikes from the Federal Reserve. Spot gold increased by 0.9% to $1,914.42 per ounce, reaching its highest point since April 2022. Similarly, U.S. gold futures rose by 0.9% to $1,916.20 per ounce at the close of trading. The US dollar weakened following the inflation report and is on track for its worst week in over a month, making gold less… Read More Here

Gold Mining in DRC

28 Kg Of Gold Sent From Primera Gold RDC To United Arab Emirates Under Fair Trade

January 15, 2023January 15, 2023 Constance

On Friday, January 13, 2023, the President of the Democratic Republic of Congo, Félix-Antoine Tshisekedi Tshilombo, witnessed the first shipment of fair trade gold from the DRC to the United Arab Emirates through the new Congolese company, Primera Gold DRC sa, at the African Union city. This marks a historic milestone in the relationship between the two nations as the sale of the initial fair trade gold is carried out. The aforementioned agreement provides benefits for artisanal miners in eastern Congo, particularly those from South Kivu who are organized in… Read More Here

Gold Drilling International

BEMETALS FURTHER EXTENDS SETA VEIN AND ADVANCES ALL KAZAN GOLD PROJECTS IN JAPAN

January 13, 2023January 13, 2023 Constance

BeMetals is pleased to announce it has further extended the Seta Vein with recently received assay results for drill holes KT22-13 to KT22-15 from its ongoing diamond drilling program at the Kato Gold Project (“Kato” or the “Property”) in Hokkaido. The Company also provides a summary of progress for all its Kazan gold projects in Japan. John Wilton, President and CEO of BeMetals stated, “We are pleased that the Company’s latest drilling results at the Kato Project successfully extended the Seta Vein Zone some 400 metres along strike from the… Read More Here

Mining in DRC Gold

DRC President Tshisekedi To Participate in Sale Of Initial Gold Shipment As Part Of UAE Economic Partnership.

January 13, 2023January 13, 2023 Constance

DRC President Felix Tshisekedi will today 13.01.2023 attend a ceremony at the City of the African Union to mark the sale of the first batch of gold in the United Arab Emirates as part of a trade and economic cooperation agreement between the two countries. The DRC and the United Arab Emirates signed a partnership contract on December 10th to combat mining fraud. This partnership resulted in the formation of two companies, Primera Gold DRC and Primera Metals DRC, which will focus on the sectors of gold, tin, tungsten, and… Read More Here

International Gold

Gold Value Decreases as Investors Wait for Information on Inflation.

January 12, 2023January 12, 2023 Constance

Gold stopped increasing in value on Wednesday 11.01.2023 as investors wait for new data on US inflation that could give clues about the Federal Reserve’s future actions. It is thought that the rate of interest hikes will slow down. Spot gold went down by 0.2% to $1,874.57 per ounce by 1:15 p.m. ET, after reaching a new eight-month high of $1,886.59 earlier in the session. However, US gold futures went up by 0.2% and were trading at $1,879.90 per ounce. Prices were… Read More Here

Gold International Mining Companies

Caledonia Completes Bilboes Gold Project Acquisition In Zimbabwe

January 9, 2023January 9, 2023 Constance

Caledonia Mining Corporation has announced that, following the satisfaction of conditions precedent, it has completed the acquisition of Bilboes Gold. Bilboes is the parent company which owns, through its Zimbabwe subsidiary, Bilboes Holdings, the Bilboes gold project in Zimbabwe. As a reminder, the total consideration payable is, subject to adjustment, 5,123,044 shares representing approximately 28.5 per cent of Caledonia’s fully diluted share capital and a 1 per cent net smelter royalty on the project’s revenues. Based on the last trading day’s closing share price on NYSE American of US$12.82 per… Read More Here

International Gold

Barrick’s Merger with Nevada Gold Mines Mission accomplished

January 7, 2023January 9, 2023 arnbethnic

The successful merger of two different sets of assets, systems, people and practices into the fully integrated Nevada Gold Mines (NGM) has been a classic case of the whole exceeding the sum of its parts, says Mark Bristow. Bristow, the chairman of NGM and president and CEO of majority-owner Barrick, says the combination of Barrick’s Nevada assets’ reserves and grades with Newmont’s infrastructure has delivered industry-leading growth and performance. In the three years since the establishment of the joint venture, it has produced 10 million ounces of gold (on a… Read More Here

Gold News in Brief

Gold Rises To 1858 USD Per Ounce

January 5, 2023January 5, 2023 Constance

Gold extended its New Year’s rally to trade near a seven-month high on Wednesday, helped by a weaker US dollar and rising expectations of less aggressive interest rate hikes by the Federal Reserve. Spot gold was up 1.0% at $1,858.97 an ounce on Wednesday 04.01.2023 midday, its highest level since mid-June. US gold futures also gained 1.0% to $1,864.20 an ounce in New York. The US dollar index, meanwhile, fell 0.4%, making bullion cheaper for overseas investors. There is some optimism in the market ahead of the release of the Fed’s… Read More Here

International Gold

In 2023, The Price Of Gold Will Partly Depend On The Evolution Of Inflation (report)

January 4, 2023January 4, 2023 Constance

One of the conclusions of the World Gold Council through its report published on December 2022 on the outlook for the market in the coming months informs that in 2023, one of the signs to be watched by the Global gold market players will be inflation again. According to the report, the decline in inflation should weaken the US dollar and benefit the yellow metal. Experts say that the successive hikes in the US Federal Reserve’s key rates have indeed helped to strengthen the US dollar and made bond yields more… Read More Here