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Category: Gold

Kibali Gold produced a total of 812.152 ounces at the upper end of 2021 targets 1 Mining in DRC Gold 

Kibali Gold produced a total of 812.152 ounces at the upper end of 2021 targets

arnbethnic
A total of 812,152 ounces have been produced by the Kibali gold mine, within the upper range of 2021 targets, and appears set to increase its mineral reserves after depletion for the third consecutive year, maintaining its mine life of over 10 years as one of Barrick’s Tier 1 assets .  During his 44th press briefing held on Friday January 21 in Kinshasa, Mark Bristow, Chairman and CEO of Barrick, noted that this performance, which has continued to strengthen throughout the year, was achieved without that there are no lost time accidents… Read More Here
Barrick Gold estimates set the price of an ounce of gold above 1700 USD in 2022 2 International Gold 

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

arnbethnic
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
40.6 million USD invested in subcontracting, Kibali multiplies its positive impact on local economies in DRC 3 Gold Mining in DRC 

40.6 million USD invested in subcontracting, Kibali multiplies its positive impact on local economies in DRC

arnbethnic
A total of 40.6 million US dollars invested by Kibali Gold Mines in the fourth quarter of 2021 with local contractors and suppliers (subcontracting). Which refers to 2.1 billion USD that this mining company has invested from its beginnings until 2021 for its subcontractors, in 12 years. These revelations are made by Mark Bristow, Chairman and CEO of Barrick during a press conference held on Friday January 21, 2022 at the Memling. Indeed, 380 subcontractors have benefited from the presence of Kibali since its beginnings in the province of Haut-Uélé. With… Read More Here
Kibali produced more than 800,000 ounces of gold in 2021 in DRC, -CEO Mark Bristow 4 Mining in DRC Gold 

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

arnbethnic
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 near highest since November as traders seek inflation hedge 5 Gold International 

Gold near highest since November as traders seek inflation hedge

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
Barrick meets FY guidance with 4.4Moz gold output 6 Gold 

Barrick meets FY guidance with 4.4Moz gold output

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
DRC: cobalt almost at 70,000 USD per ton on the international market 7 Cobalt Copper Gold Mining in DRC 

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

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
Caledonia’s Blanket mine exceeds full-year production guidance 8 Gold 

Caledonia’s Blanket mine exceeds full-year production guidance

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 steady as investors weigh policy outlook, omicron concerns 9 Gold International 

Gold steady as investors weigh policy outlook, omicron concerns

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
Barrick Gold estimates set the price of an ounce of gold above 1700 USD in 2022 10 Gold International 

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

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