Mining industry
Azumah Resources, a gold exploration and mining company, is facing a critical issue as a proposed demand for a change in the transactional value for its sale has emerged. The demand, based on fluctuating gold prices, seeks to adjust the sale price accordingly. However, this stance is both unjustified and
Mining industry
Orosur Mining Inc. has started infill drilling at its Pepas gold prospect in Colombia, aiming to finalize a maiden mineral resource estimate. The move follows positive conceptual studies suggesting the prospect's near-term production potential. The South America-focused minerals explorer and developer has redeployed its drill rig to carry
Mining industry
BMG Resources Limited has made significant progress in the exploration and extensional drilling at its 100%-owned Abercromby Gold Project in Western Australia. The company's Non-Executive Chairman, John Prineas, highlighted the opportunity for shareholder value creation through the commercialization of the Abercromby deposit and the increase of the
Commodity futures
Gold futures on Bursa Malaysia Derivatives are likely to maintain their upward momentum within a stable range of US$3,300 to US$3,350 next week, driven by ongoing geopolitical tensions. Although rising US Treasury yields and a stronger greenback may exert pressure on the metal, persistent geopolitical risk
Mining industry
Ghana has taken a significant leap forward in its mining sector with the announcement of a US$100 million tranche of a US$130 million acquisition facility agreement between Engineers and Planners (EandP) and the ECOWAS Bank for Investment and Development (EBID). This historic deal marks Ghana's first
Mining industry
Gold Road Resources Limited, a key player in the gold mining industry, has released a preliminary production update for the June 2025 quarter at the Gruyere gold mine, a 50:50 joint venture with Gruyere Mining Company Pty Ltd, a member of the Gold Fields Ltd group. The update provides
Mining industry
High gold prices have fuelled a wave of consolidation in the mining sector, with record bullion prices driving streaming companies to expand through deals. Royal Gold, a mining royalty company, has agreed to purchase Sandstorm Gold and Horizon Copper, creating one of the world's top streaming companies. The
Mining industry
Auric Mining has made a significant dent in the gold mining industry with its first $4.7 million chapter in the book, thanks to a gold price that would have been unthinkable a year ago. The company's Jeffreys Find leases near Norseman in Western Australia have churned out
Mining industry
The mining of precious metals and minerals in South Africa is facing significant challenges, with declining production and rising input costs affecting the industry's overall performance. According to a report by ResearchAndMarkets.com, the production of diamonds, gold, and platinum group metals (PGMs) has been declining over the
Mining industry
The gold market has seen significant growth, with the average price of gold reaching $3,309 per ounce in May 2025, a 39% increase from the 2024 average and a 41% rise compared to the same month last year. This upward trend is attributed to the increasing role of gold
Mining industry
Ariana Resources PLC's shares surged on Wednesday after the company revealed a major gold discovery at its Dokwe gold project in Zimbabwe, which could potentially alter development plans for the project. The London-based mineral exploration and development firm is progressing towards a feasibility study for the Dokwe gold
Mining industry
Strickland Metals is set to reap significant rewards from the sale of its Western Australian gold assets to Gateway Mining, netting a $45 million deal and handing shareholders a golden bonus in the process. The move marks a strategic shift for Strickland, which is now fully focused on aggressively pursuing
