December 10, 2024

Lundin Gold raises gold guidance, costs for Fruta del Norte

It now expects to produce 475,000–525,000 ounces of gold in 2025, up from its 2024 target of 450,000–500,000 ounces.

December 10, 2024

Collapsed wall kills five Kenyan gold miners, local official says

The incident occurred at the Hillo artisanal mine.

December 10, 2024

Centerra backs Dryden Gold with $2.4 million for 9.9% stake

Dryden said it will now be fully financed through 2025 with a C$5.8 million exploration budget.

December 10, 2024

Gold price could extend record run into 2025, Heraeus says

Heraeus expects gold prices to range from $2,450 to $2,950 per ounce in 2025.

December 10, 2024

Polyus says sanctions will double cost of Siberian gold deposit

The cost of developing Sukhoi Log in Siberia has nearly doubled to $6 billion due to Western sanctions.

December 9, 2024

Jaguar Mining stock plunges after tailings pile slump forces Brazil mine shutdown

Jaguar expects a return to production to be no shorter than one month.

December 9, 2024

Newmont cuts management jobs in major corporate restructuring

The world’s top gold mining company initiated plans to dismiss one executive and at least 10 senior managers, Bloomberg sources said.

December 9, 2024

Namib Minerals set for Nasdaq debut following $500m SPAC deal

The proposed business combination, which implies a pro forma combined enterprise value of $609 million, represents the largest African de-SPAC deal to date.

December 9, 2024

Torex Gold’s ELG underground mine resumes operations following fatalities

The 24-hour standdown at ELG, according to Torex, would not impact its 2024 production guidance.

December 9, 2024

Gold price hits 2-week high on renewed China purchases, Syria regime collapse

The People’s Bank of China – a major buyer of the metal – announced that it has resumed purchases after a six-month hiatus.