$4,800 gold price in 5 years: Incrementum
Gold could exceed $4,800 per oz. by December 2030 based on a probable base-case scenario, Liechtenstein-based gold fund Incrementum outlined in its In Gold We Trust report. The report’s base-case scenario…
Africa
US signs tin deal with Rwanda
The United States has established a new supply of tin, which it hasn’t mined in more than three decades, after Rwanda’s Trinity Metals agreed to export its mined products. Trinity…
Ivanhoe almost doubles Makoko copper resource in DRC
Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) said a new preliminary estimate for its Makoko district discoveries in the Democratic Republic of Congo shows that the resource base almost doubled from…
Aya Gold & Silver gains on record quarter
Aya Gold & Silver (TSX: AYA; OTCQX: AYASF) shares soared on Tuesday after the Canadian miner posted a record-breaking quarter, as well as new funding to support its growth in…
Exxaro diversifies with $640M in manganese mines
South African coal miner Exxaro Resources (JSE: EXX) has struck a 11.7-billion rand (US$640 million) deal to acquire controlling stakes in two key manganese mines, marking a major step in…
Rio to ship Guinea iron ore this year; sells Winu stake
Rio Tinto (NYSE, LSE, ASX: RIO) expects to ship its first iron ore from the Simandou project in Guinea this November, Gerard Rheinberger, the company’s managing director for Simandou, told…
Sibanye’s Finland lithium project cost rises 17%
South African miner Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) has raised the projected cost of its Keliber lithium project in Finland by 17% to €783 million (US$880 million), citing regulatory changes,…
Mining without feasibility studies risks losing projects
Mining companies that move to production without pre-feasibility or feasibility studies face risky consequences. Though forgoing studies is rare, it can lead to costly delays and regulatory issues, Alexander Pizale,…
Gemfields to resume emerald mining in Zambia
Coloured precious stones miner Gemfields (LSE: GEM; JSE: GML) is to resume open-pit mining at its 75%-owned Kagem emerald mine in Zambia, ending a four-month pause triggered by weak market…
Gates, Bezos-backed KoBold eyes DRC lithium project
KoBold Metals, the mining startup backed by Bill Gates and Jeff Bezos, says it plans to invest $1 billion in the Democratic Republic of Congo after inking a framework deal…
Barrick cuts ‘Gold’ from name as metal prices fuel profit
Canada’s gold giant Barrick (TSX: ABX; NYSE: GOLD) has officially changed its name to Barrick Mining Corporation, or Société minière Barrick in French, and reported stronger-than-expected first-quarter profit that was…
Newcore Gold rises on strong assays at Enchi in Ghana
Drilling by Newcore Gold (TSXV: NCAU; US-OTC: NCAUF) at its Enchi project in southwestern Ghana has returned results as high as 15 metres grading 3.83 grams gold per tonne. Shares rose….