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Category: Gold

Primera Gold DRC SA Aims To Monopolize Artisanal Gold Production & Export Over 15 Tonnes Annually In the DRC 1 Gold Mining in DRC 

Primera Gold DRC SA Aims To Monopolize Artisanal Gold Production & Export Over 15 Tonnes Annually In the DRC

Constance
Primera Gold DRC SA has apparently met expectations in its first week of operations, as reported by Congolese authorities. Despite only declaring 34 kg in the province of South Kivu in 2022, the company’s performance exceeded the government’s monthly goal of 10 kg per counter. According to the company’s figures, none of the 9 official counters or the additional 10 unregistered counters in South Kivu were able to reach this target, resulting in an export rate of just 1.5 kg per year, or 0.09 kg per month per counter. Based… Read More Here
Partnership Between DRC & UAE Aims To Formalize Mineral Exports From Eastern Regions, Previously Controlled By criminal Networks. 2 Gold Mining in DRC 

Partnership Between DRC & UAE Aims To Formalize Mineral Exports From Eastern Regions, Previously Controlled By criminal Networks.

Constance
The President of the Republic, Félix Tshisekedi, announced that for the first time in 30 years, the country has exported gold from small-scale production, thanks to a partnership between the DRC and the UAE. The gold was exported through a new state-owned company, Primera Gold RDC SA, which manages the supply chain. The President stated that the government is pleased with this progress, which aims to legally export minerals from Eastern DRC, where illegal activities such as looting and smuggling by criminal networks had previously controlled the mineral trade. The… Read More Here
Barrick Reports Stronger Q4 Gold Production 3 Copper Gold International 

Barrick Reports Stronger Q4 Gold Production

Constance
 Barrick Gold Corporation yesterday 17.01.2023 reported preliminary full year and fourth quarter 2022 production results. On the back of stronger Q4 production, 13% higher than the previous quarter, preliminary gold production for the full year of 4.14 million ounces was approximately 1% lower than the 4.2 million ounces1 previously guided, while preliminary copper production of 440 million pounds for 2022 was in line with the guidance range of 420 to 470 million pounds. The preliminary Q4 results indicate that the company sold 1.11 million ounces of gold and 99 million pounds… Read More Here
North America’s Top Mining CEOs Anticipate Turbulent Year Ahead 4 Copper Gold International 

North America’s Top Mining CEOs Anticipate Turbulent Year Ahead

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
The Price Of Gold At More Than 1900 USD Per Ounce 5 International Gold 

The Price Of Gold At More Than 1900 USD Per Ounce

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
28 Kg Of Gold Sent From Primera Gold RDC To United Arab Emirates Under Fair Trade 6 Gold Mining in DRC 

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

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
BEMETALS FURTHER EXTENDS SETA VEIN AND ADVANCES ALL KAZAN GOLD PROJECTS IN JAPAN 7 Gold Drilling International 

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

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
DRC President Tshisekedi To Participate in Sale Of Initial Gold Shipment As Part Of UAE Economic Partnership. 8 Mining in DRC Gold 

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

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
Gold Value Decreases as Investors Wait for Information on Inflation. 9 International Gold 

Gold Value Decreases as Investors Wait for Information on Inflation.

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

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