Newmont ups gold output and profit in Q3 thanks to Newcrest acquisition

Newmont Corporation has announced its third quarter 2024 results, increasing its attributable gold production by almost 30% to 1.67 million ounces, from 1.29 million ounces in Q3 2023.

Today

Gold Fields finalizes acquisition of Osisko and its Windfall gold project

Gold Fields has received all regulatory approvals and support from shareholders to complete the acquisition of Osisko Mining and its main asset, the Windfall gold project in Québec.

Today

New Botswana president wants De Beers diamond sales pact finalised soon

Botswana’s new president, Duma Boko, wants to end talks for a new sales agreement with diamond giant De Beers as soon as possible, according to media reports.

Yesterday

Drilling begins at the Mukai copper project in Zambia

Tertiary Minerals says First Quantum Minerals has commenced drilling at its Mukai copper project in Zambia following receiving all necessary consents.

Yesterday

Global central bank gold holdings seen going higher - LBMA

At a panel discussion which took place during the 2024 LBMA Precious Metals Conference, representatives of three central banks said that gold’s role as a reserve asset in global foreign reserves will continue to grow.

Yesterday

Diamond Resources Might Not Be Forever

20 august 2018
(Rapaport) - While it’s true that value comes from rarity, no natural resource lasts forever, and the rare is becoming even rarer. Diamond production is set to peak in 2019, after which it will begin a steady decline. De Beers estimates global output will fall by 1% to 2% a year until 2030, while some analysts predict as much as a 5% annual drop. Regions that have heavily dominated the trade over the last five decades are now reaching the end of the line, and new exploration projects may not be able to compensate fully for their loss.