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

PGMs Outlook: Supply deficit tightens South Africa’s growth potential

01 march 2023

(miningreview.com) - South Africa has more than 80% of the world’s platinum reserves and is one of the world’s largest producers of PGMs. These metals are used in an extensive range of diverse applications and industries, both existing and unexplored, ranging from the automotive sector, and electric fuel cell technology to luxury goods. Platinum is one of the rarest metals in the world with distinctive qualities, making it high value across several diverse demand segments. Its unique physical and catalytic properties have established its usefulness in industrial applications. At the same time, its unique precious metal attributes have made it the premier jewellery metal. The global platinum market size was valued at US$7.30 billion in 2021 and is projected to reach US$11.45 billion by 2030 at a CAGR of 5.13% from 2022 to 2030. However, in Davis’s view, South Africa is likely to miss the opportunity to leverage its demand.