Gold - Copperbelt Katanga Mining

Kinross sells Chirano gold mine in Ghana to Asante in $225m deal 1

Kinross Gold (TSX: G) (NYSE: KGC) is selling its 90% interest in the Chirano mine in Ghana to fellow Canadian Asante Gold (CSE: ASE) in a cash and shares deal worth $225 million. The open-pit and underground mining operation in southwestern Ghana produced 154,668 gold-equivalent ounces in 2021, compared to 166,590 in 2020 and is located immediately south of Asante Gold’s Bibiani gold mine. The government of Ghana holds a 10% interest. The Toronto-based company will receive $115 million in cash and Asante common shares with a value of $50 million based on… Read More Here

Gold International

1kg gold bar climbs to 63,812.04 USD on the international market as of April 20, 2022

April 21, 2022April 27, 2022 admin

The price of gold on the international market continues to thwart the projections of experts in this field. Contrary to projections by the National Mercurial Commission of the Ministry of Foreign Trade of the DRC, the quotation of gold on the stock exchange as of April 20, 2022 stood at 63,812.04 USD for the gold bar of 1 kilogram on the international market. On the Antwerp Stock Exchange, the 1 kilogram gold bar trades at €59,000.00 or US$63,771.92. According to the release of the National Commission of Mercurials, for the… Read More Here

Gold International

Gold price drops as stronger dollar, yields weigh on safe havens

April 20, 2022April 20, 2022 admin

Gold prices fell over 1% on Tuesday as a stronger US dollar and rising Treasury yields overshadowed inflows into the safe-haven metal. Spot gold dropped 1.1% to $1,957.20 per ounce by 12:45 p.m. ET, erasing its gains from the previous session. US gold futures took a 1.4% hit, trading at $1,959.30 per ounce in New York. Meanwhile, the dollar index scaled an over two-year peak, making gold more expensive for overseas buyers. Elevated US Treasury yields amid expectations that the Federal Reserve will tighten its monetary policy also hampered the non-yielding bullion.… Read More Here

Gold International

The price of gold is close to 2000 USD per ounce on the international market

April 19, 2022April 19, 2022 admin

The price of gold hit a five-week high on Monday as war in Europe, high inflation and the risk of a recession in the United States further bolstered demand for the safe-haven asset. Spot gold rose 0.7% to $1,988.15 an ounce at noon ET, closing in on the $2,000 level last seen in early March. US gold futures rose 0.8% to trade at $1,991.00 an ounce in New York. After capping a second weekly gain, bullion soared as high as 1% earlier in the day on higher oil and natural gas… Read More Here

Gold International Mining in DRC

World: the 1 kg gold bar climbs to €58,790.00 on the international market

April 15, 2022April 15, 2022 admin

Contrary to the projections of the National Commission for Market Prices of the Ministry of Foreign Trade of the Democratic Republic of Congo (DRC), the price and quotation of gold on the stock exchange on April 13, 2022 stood at EUR 58,790.00 for the 1 kilogram gold bar or 64,160.88 USD on the international market against nearly 56,200.00 euros last week. Gold thus recorded a price increase on the international metals market of around EUR 2,590 during the period mentioned. According to the release of the National Commission of Mercurials,… Read More Here

Exploration Gold International

South Africa sets $900 million annual mineral exploration target

April 13, 2022April 13, 2022 admin

South Africa, home to the world’s biggest deposits of a number of minerals, has set an annual target of attracting $900 million of mining exploration expenditure annually by 2025. The target, equivalent to 5% of the annual spend on exploration globally, is expected to kick start a mining industry, that while among the world’s biggest, has stagnated in recent years. The exploration strategy made public Tuesday by the Department of Minerals and Energy, aims to take advantage of South Africa’s comparatively advanced infrastructure and mining expertise. It also plans to shrug off… Read More Here

Gold

Caledonia sets new production benchmark, suffers fatality in first quarter

April 12, 2022April 12, 2022 admin

Caledonia Mining’s Blanket mine, in Zimbabwe, produced 18 515 oz in the first quarter of this year – a record for any first quarter and up 40% from the 13 197 oz produced in the first quarter of 2021. For the full-year, the miner expects to produce between 73 000 oz and 80 000 oz of gold. CEO Steve Curtis says the 18 515 oz is ahead of Caledonia’s expectations and reflects the increased capacity at Central Shaft. “The ramp-up in production towards our quarterly target of 20 000 oz means that we are… Read More Here

Gold International

Gold price seesaws ahead of Fed meeting minutes release

April 7, 2022April 7, 2022 admin

Gold prices seesawed in a narrow range on Wednesday with concerns over high inflation amid mounting sanctions on Russia buoying prices, though its gains are countered by expectations of an aggressive interest rate hike by the US Federal Reserve. Spot gold lowered by 0.1% to $1,920.87 per ounce by 1:50 p.m. ET. US gold futures were down the same percentage point, trading at $1,925.20 an ounce. “Inflation fears and the inflation data we’ve been seeing is what’s keeping gold up,” said RJO Futures senior market strategist Bob Haberkorn, in a… Read More Here

International Gold

Gold price advances on rising Russia-Ukraine tensions

April 5, 2022April 5, 2022 admin

Gold rose on Monday as the prospect of further sanctions on Russia over its invasion of Ukraine bolstered the metal’s safe-haven appeal, though a stronger dollar and rising US bond yields capped bullion’s gains. Spot gold was up 1.2% to $1,933.33 per ounce by 12:15 p.m. ET, while US gold futures advanced 0.7% to $1,936.90 in New York. Global outrage spread on Monday over the killings of civilians in northern Ukraine and looked set to galvanize the West into leveling additional sanctions against Moscow, which could possibly include Russia’s energy… Read More Here

Gold

West Kenya Project Resource Increases to 1.55 Moz Gold including 221% Increase in Indicated Ounces

March 31, 2022March 31, 2022 admin

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce an upgraded mineral resource estimate for the West Kenya Project (“West Kenya”) in Kenya to 1.55 Moz gold, including a 221% increase in Indicated Resource to 378 koz gold grading 11.70 g/t. Highlights in 2021: · Total resources at Isulu, Bushiangala, and Ramula deposits increase by 31% to 1.55 Moz; · Resources of 1.12 Moz grading 10.80 g/t at Isulu and Bushiangala, of which 34% have been upgraded to Indicated category up from Nil at the… Read More Here