Gold - Copperbelt Katanga Mining

Gold price rebounds as US payroll data assuages stimulus pullback concerns

June 4, 2021June 4, 2021 admin

Gold prices rebounded from more than a two-week low on Friday after the latest US non-farm payrolls data fell short of expectations, though bullion is still on course to register its biggest weekly decline since March. Spot gold advanced 1.1% to $1,892.93 per ounce by noon ET, having reached its lowest since May 19 at $1,855.59 earlier. US gold futures for August delivery also had a 1.1% gain, trading at $1,895.10 per ounce in New York. According to the latest Labor Department report, US payrolls increased by 559,000 last month,… Read More Here

Gold

Ghana’s mining sector shrank and gold production fell in 2020, industry body says

June 4, 2021June 4, 2021 admin

Ghana’s gold production fell 12% in 2020 to 4.02 million ounces, from 4.57 million ounces in 2019, the country’s Chamber of Mines said on Friday, but retained its position as Africa’s top gold producer despite the impact of the coronavirus pandemic. The decline in production was the country’s biggest since 2004, Chamber of Mines President Eric Asubonteng said. Gold production by Ghana’s large-scale mines fell 4.8% to 2.8 million ounces in 2020, while the small-scale gold sector was more heavily impacted as the pandemic disrupted supply chains. Small-scale gold production fell 26%… Read More Here

Gold Mining Companies

Top 10 largest gold mining companies in Q1 2021 – report

June 1, 2021June 1, 2021 admin

Newmont was the largest gold mining company by production in Q1 2021. Northern Star was a newcomer to the top 10 list, while Polymetal and Kirkland Lake have dropped out of the quarterly ranking. Kitco ranked the top 10 largest gold mining companies by production in Q1 2021. Newmont was the top gold producer in Q1 2021. The company’s attributable gold production was in line compared to the prior year quarter, decreasing 2% to 1,455 thousand ounces primarily due to the sale of Red Lake, lower leach pad production and the… Read More Here

Gold

Gold price on course for biggest monthly gain since July

June 1, 2021June 1, 2021 admin

Gold prices held firm on Monday and are on course for their biggest monthly jump since July 2020, as growing inflationary pressures continue to provide a boost to bullion’s appeal. Spot gold dipped by 0.2% to $1,904.41 per ounce by 11:45 a.m. ET, but is still up 7.7% for the month. US gold futures saw a modest gain of 0.1% to $1,908.20 per ounce on the Comex. Meanwhile, the US dollar — often viewed as an alternative to bullion — is headed for a second month of decline, with the US… Read More Here

Cobalt Copper Gold Mining in DRC Tin Zinc

World: The price of a gram of gold settled at 59.80 USD on weekdays (official)

May 27, 2021May 27, 2021 admin

The price of a gram of gold saw a marked improvement in the international market during the week of May 24-29, 2021, trading at $ 59.80 versus $ 57.66 in the week of May 17-22, 2021. These indications on the trend of commercial mining products were revealed in a press release on Wednesday, May 26, 2021, by the Congolese Ministry of Foreign Trade. The same document informs that Silver and Tantalum are also experiencing a price rise in the international market during the same period, trading at $ 0.90 vs.… Read More Here

Gold International

Gold price tops $1,900 for first time since early January

May 27, 2021May 27, 2021 admin

Gold prices topped $1,900 for the first time since the early days of 2021, as investors continue piling money into gold-backed funds while US Federal Reserve officials commit to a dovish stance. Spot gold rose 0.2% to $1,901.88 per ounce by noon ET, after hitting its highest since January 8 at $1,911.95 an ounce. US gold futures gained 0.4%, trading at $1,904.00 an ounce in New York. In a Yahoo Finance interview on Tuesday, Fed Vice Chair Richard Clarida said the US central bank could curb an outbreak of inflation… Read More Here

Gold

Africa: AngloGold Ashanti gold production drops 7% in Q1 2021

May 19, 2021May 19, 2021 admin

South African mining giant AngloGold Ashanti saw a 7% year-on-year drop in gold production, reaching 588,000 ounces in the first quarter of 2021. This is one of the conclusions of the report published on May 10, 2021 by the mining company, specifying that its African mines brought it in 352,000 ounces, a decrease of 2% compared to the first quarter of 2020. According to the May 10 publication by AngloGold, gold production fell by 15% at Geita in Tanzania (114,000 ounces), by 5% at Kibali in the Democratic Republic of… Read More Here

International Gold

Gold price tops 3-month high as fund buying picks up

May 18, 2021May 18, 2021 admin

Gold prices touched their highest in over three months on Monday, with signs showing money managers and exchange-traded fund investors are turning more positive on the precious metal. Spot gold advanced 1.2% to $1,865.74/oz by 11:50 a.m. ET Monday, crossing the key $1,850/oz technical level for the first time since early February. US gold future also gained $1.5% to $1,865.80/oz on the Comex in New York According to government figures from last week, hedge fund managers have increased their long-only position in US futures and options by 12% from a… Read More Here

Mining in Zambia Gold Sponsored Content

Zambia Gold Deposit | Minrom

May 13, 2021May 13, 2021 arnbethnic

Minrom was requested by a renowned gold company in Zambia to conduct geological exploration programmes on two individual sites in Zambia for potential gold deposits. Zambia is geologically comprised of several individual craton terrains, which include stable cratons, Pan-African mobile belts, sedimentary successions, and post-Karoo sedimentary cover. The geology of the central province of Zambia hosts predominantly three supracrustal successions, these include the Muva Supergroup, Katanga Supergroup, and the Karoo Supergroup. The project area is located within the Quaternary sediment consisting alluvium, colluvium and laterite succession surrounding the Mkushi River… Read More Here

Mining in DRC Gold Mining Companies Mining tax

DRC: Sokimo demands renegotiation of its association contract with Kibali Gold

May 13, 2021May 14, 2021 admin

Sokimo declares itself the loser in its joint venture with its partner Kibali Gold. This is how it asks the Congolese Government to be protective by requiring this partner to sit down around a table to renegotiate a new contract that is more equitable, lasting and mutually advantageous. The leaders of this state mining company came out of their silence and expressed their demands during a press conference held this Tuesday, May 11, 2021, at the Circle of Kinshasa. Sokimo wants to renegotiate the contract with Kibali because of the… Read More Here