Zijin Mining is ramping up its global expansion with plans to significantly increase copper, gold, and lithium production over the next five years. The China-based company, with a market capitalization of approximately $60 billion, aims to produce 1.5 million tons of copper and 3.2 million ounces of gold annually by 2028. At the 2025 Prospectors...
READ MORESpot gold experienced a sharp drop in early Asian trading on March 7, falling from a session high of $2,914 per ounce to an intraday low of $2,896.40 per ounce. Analysts attribute the decline to profit-taking ahead of the U.S. Non-Farm Payrolls report and rising U.S. Treasury yields, which reduced the appeal of the non-yielding...
READ MORETennant Mining has commenced commissioning at its Stage 1 Nobles Project gold processing plant, with first gold production moved ahead from the second half of 2025 to June. The near-completion of construction and the finalization of Pan African Resources PLC’s A$77.4 million buyout in December have positioned the company for long-term expansion. Managing Director Peter...
READ MOREFresnillo reported a significant rise in revenue and operating profit for 2024, driven by higher silver and gold prices. However, a substantially increased tax burden weighed on net earnings. The Mexico-focused precious metals producer recorded a 29% increase in revenue, reaching $3.50 billion from $2.71 billion in 2023. Pretax profit surged to $743.9 million from...
READ MOREEverest Metals has successfully extracted its first gold during the commissioning phase of a bulk sample program at the Revere Gold Project in Western Australia. The program has so far produced 1.4 tonnes of gold concentrate and remains ongoing. The bulk sampling program has validated the company’s understanding of the gold mineralization and geo-metallurgical characteristics,...
READ MOREBarrick Gold Corporation reported a robust fourth quarter, increasing gold production by 15% and copper production by 33% over Q3, meeting its annual production guidance. Gold cost of sales and total cash costs declined by 3% and 5%, respectively, contributing to improved margins. For 2024, net earnings surged 69% to $2.14 billion, while adjusted net...
READ MOREBarrick Gold is evaluating whether to place its suspended Loulo-Gounkoto mine in Mali under care and maintenance, as the site remains inoperative following the seizure of its gold stockpiles and the detention of four employees. CEO Mark Bristow stated that the company is engaged in discussions with Malian authorities to resolve the situation and secure...
READ MOREAvino Silver & Gold Mines, a long-standing silver producer in Mexico, has shared its optimistic outlook for 2025 after a milestone-filled 2024. President and CEO David Wolfin highlighted the company’s strong operating results from the Avino Mine and a record-breaking financial performance in the fourth quarter as key factors positioning Avino for continued success in...
READ MOREIn early Monday trading (January 27) in the Asian market, spot gold rebounded slightly, with prices currently near $2,773 per ounce. This marks a recovery of nearly $10 from the intraday low of $2,763.65 per ounce. Analysts predict that gold prices may soon challenge the all-time high of $2,790.15 per ounce, set on October 31...
READ MOREIn 2024, Russia’s Seligdar reported an 8% increase in consolidated revenue from metal sales, reaching 58.2 billion rubles (approximately $776 million). Revenue from gold sales rose by 6% to 50.8 billion rubles ($677 million), while revenue from tin, tungsten, and copper concentrates grew by 19%, totaling 7.5 billion rubles ($100 million). In the gold mining...
READ MOREGold prices climbed to nearly three-month highs on Wednesday, January 22, reaching $2,763.42 per ounce during the session before closing at $2,756.10 per ounce. The rise comes despite a strengthening U.S. dollar, as strong safe-haven demand pushed gold prices decisively above the psychological $2,750 per ounce level. Market analysts attribute the surge to growing investor...
READ MOREInvestors in gold and silver may need patience in 2025 as the geopolitical landscape continues to drive market uncertainty. Saxo Bank, in a January 10 note, highlighted the challenges ahead, citing a “tug-of-war” between rising yields, delayed rate cut expectations, and dollar fluctuations, which are expected to contribute to increased volatility compared to 2024. Gold...
READ MOREIn Asian morning trading on Monday, January 20, spot gold experienced a sharp decline, dropping to an intraday low of $2,690.96 per ounce. This marks a continuation of the retreat seen in the previous session, as gold prices closed at $2,702.27 per ounce on Friday, down $12.08 or 0.45%. The decline in gold prices at...
READ MOREChina Gold International Resources Corp. Ltd. has released its 2025 production guidance and confirmed that operations at the Jiama Copper-Gold Polymetallic Mine remain unaffected following the January 7 earthquake in Tibet Autonomous Region. The company forecasts copper production at the Jiama Mine to range between 139 million pounds (63,000 tonnes) and 148 million pounds (67,000...
READ MOREAntofagasta’s copper production for 2024 fell slightly below the company’s expectations but showed a 1% increase from the previous year. The Anglo-Chilean miner reported producing 664,000 tons of copper, which was at the lower end of its guided range of 670,000 to 710,000 tons. In the fourth quarter, copper production reached 200,300 tons, up 12%...
READ MORECanada-based Dundee Precious Metals (DPM) announced that its Bulgarian operations, the Ada Tepe and Chelopech mines, successfully met their 2024 annual production guidance, according to preliminary results released on Wednesday. Ada Tepe recorded its highest quarterly output in the fourth quarter, producing 29,000 ounces of gold, contributing to a total annual production of approximately 94,300...
READ MOREGoGold Resources reported a significant production increase for the quarter ending December 31, 2024, totaling 551,337 silver equivalent ounces. This output consisted of 226,343 ounces of silver, 3,213 ounces of gold, 121 tonnes of copper, and 161 tonnes of zinc. The surge in production represents a 36% increase compared to previous quarters, attributed to the...
READ MORENew Gold reported its fourth quarter and full-year 2024 operational results as of December 31, 2024, showcasing its highest production quarter of the year. The company plans to release its operational outlook, technical reports for Rainy River and New Afton, and updated Mineral Reserve and Resource Statement after market close on February 12, 2025. A...
READ MORERenforth Resources (CSE: RFR; US-OTC: RFHRF) plans to monetize its Parbec gold deposit to finance nickel exploration across its Malartic Metals package in Quebec, according to CEO Nicole Brewster. Speaking at The Northern Miner’s International Metals Symposium in London on December 2, Brewster emphasized the company’s strategy to capitalize on its gold asset to support...
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