Goldman Sachs upgrades gold forecast to $3,700
Goldman Sachs has once again lifted its year-end price target for gold — this time to $3,700 an oz. — amid uncertainty surrounding the state of the global economy. In…
Gold
Gold Fields to shut Damang after Ghana denies lease
Gold Fields (JSE, NYSE: GFI) will cease operations at its Damang mine in Ghana after the government rejected the company’s application to extend the site’s lease expiring on Friday. The…
PDAC Video: Blue Lagoon preps for July gold production start in BC
Blue Lagoon Resources’ (CSE: BLLG; US-OTC: BLAGF) Dome Mountain gold project is the most recently permitted mine in British Columbia and it’s looking to start producing in July. Through its…
Fortuna Mining exits Burkina Faso for US$130M
Fortuna Mining (NYSE: FSM, TSX: FVI) agreed to sell its Burkina Faso operations to Mauritius-based Soleil Resources International for about US$130 million ($181 million) cash. The sale represents “a prudent…
PDAC JV video: New Zealand aims to fast-track mining
New Zealand is holding up its fast-track and “one-stop shop” legislation as ways to streamline project approvals and reinvigorate the economy, resources minister Shane Jones says. The new processes are…
Power Metallic CEO sees ‘monster-size’ deposit at Nisk
Power Metallic Mines’ (TSXV: PNPN; US-OTC: PNPNF) Nisk polymetallic property is probably at least as large as Anglo American’s (LSE: AAL; US-OTC: AAUK) 44-million-tonne Sakatti copper-nickel-platinum project in Finland, CEO…
Gold ETFs log US$21B rise in first quarter, WGC says
Global gold exchange-traded funds (ETFs) grew by US$21 billion in the first quarter to reach their second highest quarterly level by value since the second quarter of 2020 at the…
Uzbekistan, US companies ink mineral deals
The United States has stepped up its global pursuit of strategic minerals with the signing of a deal promoting American mining investments in Uzbekistan. The announcement comes after a Uzbek…
Navoi’s Q1 output value doubles as gold prices soar
Uzbekistan’s Navoi Mining & Metallurgical Co. said first-quarter output doubled in dollar terms as gold prices soared. Gold production by value in the first three months of 2025 jumped to…
Dryden encounters ‘significant’ visible gold at Elora
Canadian junior miner Dryden Gold (TSXV: DRY; USOTC: DRYGF) says it encountered “significant” visible gold during deeper drilling at its Elora property in Ontario. The newly discovered section in hole…
Barrick eyes over $2B in financing for Reko Diq
Barrick Gold (TSX: ABX; NYSE: GOLD) plans to secure more than $2 billion (C$2.84 billion) in financing for its Reko Diq copper and gold project in Pakistan, with term sheets…
PDAC video: Eldorado targets 43% output surge
Eldorado Gold (TSX: ELD; NYSE: EGO) is aiming for a 43% increase in output over the next three years over 2023 gold production levels as new projects enter operations and…