Declining ore grades keep Yanacocha gold output down

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

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

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

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