Thor Explorations expects first gold pour at Segilola by end of July
The mining fleet is now fully commissioned, and production is expected to quickly ramp up to its design capacity.
Africa
What a “Joy” — Lucara finds largest fancy pink diamond yet
Canada’s Lucara Diamond (TSX: LUC) has found a 62.7 carat fancy pink diamond at its prolific Karowe mine in Botswana, which has been named “Boitumelo” meaning “Joy” in Setswana, the national and majority language….
Petra fetches over US$40 million for 39-carat blue diamond
At $1,021,357 per carat, is the highest price has achieved for a single stone.
Barrick confirms extension of Tongon mine life
Barrick Gold (TSX: ABX; NYSE: GOLD) says exploration successes could extend the life of its Tongon gold mine in the Ivory Coast. Speaking at a local media briefing, the company’s…
Sandfire granted licence for copper mine in Botswana
Australia’s Sandfire Resources (ASX: SFR) has been granted a mining licence for its Motheo copper project in Botswana’s Kalahari Copper Belt. The Perth-based miner said the milestone was one of…
AngloGold names ex-BHP executive Calderon as new CEO
AngloGold Ashanti (NYSE: AU) has appointed former BHP executive Alberto Calderón as its new CEO, ending almost a year without a top boss, after Kelvin Dushnisky’s sudden departure last July. Calderón, a…
Glencore names Kalidas Madhavpeddi as new chairman
Miner and commodity trader Glencore (LSE: GLEN) has chosen non-executive director Kalidas Madhavpeddi to replace Tony Hayward as the company’s new chairman, completing a leadership overhaul at the company. Madhavpeddi, a U.S….
US markets rise, June 21-25
The Dow Jones Industrial Average jumped 3.37% to finish the week at 34,433.84 and the S&P 500 climbed 2.74% to 4,280.70. Spot gold increased by US$17.70 per oz., or 1%, to…
Lucara Diamond announces $38 million financing for Karowe in Botswana
Lucara Diamond (TSX: LUC) is raising $22 million in a bought deal financing to advance work at its 100%-owned Karowe diamond mine in central Botswana, about 350 km north of the…
B2Gold launches arbitration against Mali over Menankoto exploration permit
B2Gold (TSX: BTO; NYSE: BTG) has announced that its Malian subsidiary, Menankoto SARL, has begun international arbitration proceedings against the Republic of Mali. The Menankoto exploration permit, which forms a…
Canada’s Top Ten royalty and streaming companies
Royalty and streaming companies have grown in number and popularity over the years. Here are the top ten royalty and streaming companies headquartered in Canada ranked by market capitalisation as…
Nexus Gold reports drill results from Dakouli 2 in Burkina Faso
Nexus Gold (TSXV: NXS; US-OTC: NXXGF) has released the first assays from a recently completed diamond drill program at its 100%-owned Dakouli 2 gold project in central Burkina Faso, about 100…