Gold - Copperbelt Katanga Mining

Kibali produced more than 800,000 ounces of gold in 2021 in DRC, -CEO Mark Bristow 1

In 2021, a year still dominated by the adverse effects of Covid-19, Kibali Gold Mine produced 812,152 ounces of gold. Production well below annual forecasts. According to Mark Bristow, Chairman and CEO of Barrick, this range is higher than the 2021 objectives.He said so during a press conference held this Friday, January 21, 2022. On this occasion, Mr. Barrick returned to the other highlights that marked Kibali Gold Mines during the 2021 financial year. First : on the investment side, dividends of $179 million were paid to shareholders in the fourth quarter.Along… Read More Here

Gold International

Gold near highest since November as traders seek inflation hedge

January 20, 2022January 20, 2022 admin

Gold held near the highest level in almost two months amid demand for an inflation hedge, while the bond market sell-off stalled and US equities continued to retreat. President Joe Biden said it’s the Federal Reserve’s job to rein in the fastest pace of inflation in decades, and supported the central bank’s plans to scale back monetary stimulus. The yield on 10-year Treasuries slipped from the highest level since January 2020, while the S&P 500 fell 1% Wednesday. Geopolitical tensions are also supporting demand for the haven asset. Biden said he thinks Vladimir Putin… Read More Here

Gold

Barrick meets FY guidance with 4.4Moz gold output

January 19, 2022January 19, 2022 admin

Bullion major Barrick Gold has met its yearly guidance targets for the third consecutive year, producing 4.44-million ounces of gold and 415-million pounds of copper. The group’s guidance for the year was to produce 4.4-million to 4.7-million ounces of gold. The Africa and Middle East, as well as the Latin America and Asia Pacific regions finished the year at the higher end of their regional guidance range, Barrick reported on Wednesday. The company previously said that production from North America, which includes Nevada Gold Mines (NGM), would be at the… Read More Here

Cobalt Copper Gold Mining in DRC

DRC: cobalt almost at 70,000 USD per ton on the international market

January 19, 2022January 19, 2022 admin

While the general trend is downward for the main export minerals of the Democratic Republic of Congo, cobalt continues to improve on the international market, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade, which is piloting Jean-Lucien Bussa. Cobalt is trending up this week and is trading at $69,921.00 from $69,688.00 this week, a positive gap of $233. The other mineral on the rise is tin. This ore is trading this week at 40,615 USD against 39,630 USD last week, a positive price… Read More Here

Gold

Caledonia’s Blanket mine exceeds full-year production guidance

January 18, 2022January 18, 2022 admin

Gold miner Caledonia Mining achieved record production of 67 476 oz of gold from the Blanket mine, in Zimbabwe, during 2021, exceeding its revised increased guidance. Output was also 17% higher year-on-year. For the quarter ended December 31, 2021, production was 18 604 oz – a 24% increase on the 15 012 oz produced in the corresponding period of the prior year. Gold production for 2022 is expected to be between 73 000 oz and 80 000 oz. Caledonia has achieved more than 2.4-million fatality-free shifts since 2018. “This has been an… Read More Here

Gold International

Gold steady as investors weigh policy outlook, omicron concerns

January 17, 2022January 17, 2022 admin

Gold was steady as investors weighed the outlook for tighter monetary policy and the threat of the omicron virus variant to the global economic recovery. Billionaire investor Bill Ackman said the Federal Reserve is losing its battle against inflation and should raise its key interest rate by a bigger-than-expected 50 basis points in March to “restore its credibility.” Facing pressure from Congress and the public to tackle the hottest inflation since the 1980s, a chorus of officials this month floated raising rates in March and the potential need to hike as many… Read More Here

Gold International

Barrick Gold estimates set the price of an ounce of gold above 1700 USD in 2022

January 17, 2022January 17, 2022 admin

According to Mark Bristow, Gold should trade between 1750 US dollars and just over 1800 USD per ounce in 2022. A declaration made in Riyadh, on the sidelines of the first major mining conference in Saudi Arabia. The boss of Barrick Gold believes that the risks of falling gold prices in 2022 are lower. “I don’t think there’s a lot of downside risk,” he explained. Meanwhile, other analysts see gold falling considerably this year, in particular because of the increase in the key rate of the American Federal Reserve, which would… Read More Here

Copper Gold Mining in DRC Zinc

DRC: copper, zinc, gold and silver on the rise in the market during this week from January 10 to 15, 2022

January 12, 2022January 12, 2022 admin

The main export minerals from the Democratic Republic of the Congo are on the rise on the international market during this week from January 10 to 15, 2022, according to projections by experts from the National Mercurial Commission, a department of the Ministry of Foreign Trade. . Copper is trading this week at $ 9,706.40 per tonne versus $ 9,600.50 last week, a positive price spread of $ 105.9. Zinc is also up to $ 3,624.40 per tonne from $ 351.65 last week, showing a positive price differential of $… Read More Here

Gold International

Gold gains as dollar, yields ease; traders focus on U.S. inflation data

January 11, 2022January 11, 2022 admin

Gold prices rose on Tuesday, supported by a weaker U.S. dollar and Treasury yields, as traders awaited December inflation data and weighed bets for quicker interest rate hikes by the Federal Reserve. Spot gold rose 0.4% to $1,809.22 per ounce by 0723 GMT. U.S. gold futures were up 0.6% to $1,808.80. “Pullback in both the U.S. dollar and 10-year treasury yields are supporting gold prices, but the fact that markets are still seeing three to four interest rate hikes this year is limiting the upside potential,” said Margaret Yang, a… Read More Here

Gold

Mining contractor for Bibiani gold mine announced

January 11, 2022January 11, 2022 admin

CSE-listed Asante Gold Corporation has appointed PW Mining (Ghana) to conduct mining activities at its Bibiani Mine. Open pit mining operations will start in February, to include development of satellite pits and provide feed material to the Process Plant from Q2 2022. Main pit development, to its planned ultimate +350 metres depth in 2029, includes a 4-stage cut back programme. Total material movement will be up to 75 Mtpa. PW Mining will mobilise up to 125 units of heavy equipment, including drills, excavators, haulage trucks, bulldozers, and ancillary equipment. Site establishment includes… Read More Here