Gold industry
Gold Royalty Corp has achieved significant growth in third quarter 2024 revenue, driven by its cash flowing royalties and strong commodity prices. The company's cash flowing royalties from the Canadian Malartic, Cote, Borborema, and Cozamin mines contributed to the revenue increase. The ramp-up of the Cote Gold Mine,
Financial disclosure
Protea Asset Management LLC, a key player in the financial sector, has significantly increased its stake in AngloGold Ashanti plc, a leading mining company. This strategic move involves the acquisition of 10.15% ownership shares in AngloGold Ashanti, prompting Old Mutual Limited to disclose the transaction under the Takeover Code&
Gold industry
Old Mutual Limited, a key player in the global financial services industry, has made a significant disclosure regarding its ownership stake in AngloGold Ashanti plc, a leading gold mining company. According to the Johannesburg Stock Exchange (JSE), Old Mutual now controls 2.40% of AngloGold Ashanti's shares, representing
Gold
Novo Resources Corp and its joint venture partner, De Grey Mining Ltd, are ramping up exploration efforts at the Egina Gold Project in Western Australia's Pilbara region. The joint venture, which acquired a combined land position of approximately 2,500 square kilometres in the Mallina Basin, is targeting
Gold
Lundin Gold Inc., a Canadian mining company, has announced impressive third-quarter 2024 gold production figures from its Fruta del Norte mine in southeast Ecuador. The company produced 122,154 ounces of gold, significantly higher than the 112,212 ounces produced in the same quarter last year. This milestone marks a
Gold industry
Old Mutual Limited, a prominent entity, has made a public disclosure of acquiring a substantial stake in AngloGold Ashanti plc, meeting the regulatory threshold. As of October 2, 2024, Old Mutual holds a total of 10,161,262 ordinary shares, representing 2.41% of AngloGold Ashanti's issued share
Gold industry
Vertex Minerals Limited (ASX:VTX) has acquired a Boart Longyear LM90 underground drill rig to advance exploration at the high-grade Reward gold mine in Sydney, Australia. The drill rig will enable the company to drill below the existing resource, expanding upon the existing resource and targeting the high-grade Fosters Exploration
Financial disclosure
Old Mutual Limited has made a significant announcement regarding its substantial holding in AngloGold Ashanti plc, one of the world's leading gold producers. According to the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rule 5.6, Old Mutual's disclosure reveals its control over
Gold industry
Old Mutual Limited has made public its ownership of over 10 million shares in AngloGold Ashanti plc, amounting to a 2.48% stake. This disclosure was made in compliance with the Takeover Code, concerned with entities holding interests in securities representing 1% or more. The acquisition of 87 shares at
Gold
Sydney, Australia: Maximus Resources Limited has made significant progress in its assay results from a completed Reverse Circulation (RC) drill program at the Hilditch gold deposit, a 90/10 joint venture with Bullabulling Pty Ltd. The program aimed to investigate recent intersected high-grade zones, and the company has commenced updating
Gold industry
The gold rate in India has been on the rise in the last week, with the 24-carat gold rate increasing by 2.21% in the last seven days. The rate for 24-carat gold per gram is now Rs 7,334. Silver, on the other hand, has been trading at Rs
Gold
Despite lower production, Soma Gold Corp. (TSX-V:SOMA, OTCQX:SMAGF) reported increased revenue during the second quarter of 2024, driven by plans to mine higher-grade zones and expand exploration efforts. The company's revenue for the quarter rose to $22.7 million, with $42 million reported for the first
