Ghana Initiates Its First Major Audit of Mining Companies in a Decade
Ghana, Africa’s top gold producer, has launched its most aggressive mining audit in a decade, targeting top miners to recover lost revenue and tighten oversight, a government letter seen by Reuters shows. Governments across West Africa are intensifying scrutiny of mining firms to enforce compliance with regulations and safeguard revenue from soaring commodity prices. Spot gold prices hit […]
China Abolishes Gold Tax Exemption, Impacting Key Bullion Market
Chinese gold ingot. Stock image. China is scrapping a long-standing gold tax incentive in a potential setback for consumers in one of the world’s top bullion markets. Starting on Nov. 1, Beijing will no longer allow retailers to offset a value-added tax when selling gold they bought from the Shanghai Gold Exchange, whether sold directly […]
AngloGold Exits Argentina Projects with Latin Metals
AngloGold Ashanti (NYSE: AU) has withdrawn from three early-stage projects in Argentina currently held by Canadian junior Latin Metals (TSXV: LMS), citing a shift in the group’s greenfield exploration strategy. This week, AngloGold informed Latin Metals that it plans to terminate its option to acquire a majority interest in the Organullo, Ana Maria and Trigal […]
Global Gold Demand Reaches Record High with 3% Increase in Quarterly Investment, Reports WGC
Gold bars and gold coins. Stock image. Global gold demand rose by 3% year-on-year to 1,313 metric tons, the highest quarterly number on record, in the third quarter as investment demand soared, the World Gold Council said on Thursday. Spot gold prices are up 50% so far this year after hitting a record high of […]
Silicon Metals Corp. Begins Mobilization at the Permitted Maple-Birch Project in Ontario’s Sudbury Mining District
Silicon Metals Corp. Announces Mobilization at the Production Permitted Maple-Birch Project in the Sudbury Mining District of Ontario, Canada Silicon Metals Corp. (CSE:SI) has commenced mobilization at its Maple-Birch Project, a high purity quartz pegmatite located in Ontario’s Sudbury mining district. The company is assessing ground access for larger equipment and has contracted a mining […]
New Gold Soars to 12-Year High Fueled by Record Quarter at Rainy River
Rainy River has been in operation since 2017. (Image courtesy of New Gold.) New Gold (TSX, NYSE-A: NGD) soared to its highest in more than a decade on Wednesday after delivering a strong third quarter, marked by the best-ever production at its Ontario mine, placing the Canadian miner on track to meet its guidance. The […]
First Quantum Minerals Boosts Copper Production by 15% Due to Kansanshi Expansion
The Cobre Panama mine is located in Colon province, 120 km west of Panama City. Credit: First Quantum Minerals Ltd. Overview First Quantum reports Q3 adjusted EPS miss, with a net loss of $48 million. Company’s Kansanshi S3 Expansion boosts copper production by 15% from Q2 2025. First Quantum secures $1 billion gold stream deal […]
Rival Banks Challenge JPMorgan’s Control Over London’s Gold Vaults
Citigroup Inc. and Morgan Stanley are among banks preparing to challenge the dominance of JPMorgan Chase & Co. in the global gold market by seeking to offer vaulting services in London, as investor interest in the precious metal surges. Citi is well advanced in the process of setting up a business that would allow it […]
Aldebaran Unveils New Greenfield Assets in Argentina
Credit: Aldebaran Resources Inc. Aldebaran Resources (TSXV: ALDE) has officially spun out its exploration-stage assets in northern Argentina while it continues to work on the more advanced Altar project in San Juan province as its sole asset. The Vancouver-based copper-gold developer first announced its intention to spin out the assets in September, a move that […]
An Anticipated Gold Decline Attracts Global Bargain Hunters
Stock image. As pictures of queues outside gold stores flooded social media over the past month, professional precious metals traders were getting increasingly nervous. Gold is “an overcrowded trade that’s overextended by every technical metric,” Nicky Shiels, head of research at precious metals refiner MKS Pamp SA, wrote to clients on Oct. 6. On Monday, […]