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, […]
Newmont Reportedly Considering Acquisition of Barrick’s Valuable Nevada Assets
Nevada Gold Mines, the world’s biggest gold mining complex. (Image from Barrick) Newmont Corp. (NYSE: NEM) is studying a potential deal to gain control of Canadian rival Barrick Mining’s (TSE: ABX) prized Nevada gold assets, people with knowledge of the matter said. Denver-based Newmont has a minority stake in a Nevada gold mining joint venture […]
M23 Rebels Deny Allegations of Gold Theft from Eastern Congo Mine
The M23 armed group on Thursday denied accusations that its fighters had looted at least 500 kilograms of bullion from Twangiza Mining’s gold concession in eastern Democratic Republic of Congo. The firm operating in South Kivu province, much of which is under M23’s control, said this week that M23 had “secretly transported (the gold) through […]
From FOMO to Margin Call Anxiety: Gold’s Turbulent Journey Takes a New Turn
Stock image. Gold’s remarkable rise has moved into a new phase with the swelling influence of speculators bringing greater volatility yet market players are sticking with forecasts for higher prices in 2026 even if central bank demand eases. On track for its biggest yearly rise since 1979, gold’s 54% rise year to date has seen […]
Barrick’s Mali Mine Reopens Under State Management After Seizure
Operations restarted at Barrick Mining Corp.’s massive gold mine in Mali for the first time in more than nine months, after a state administrator took over the asset in June, according to people familiar with the matter. Barrick shuttered the Loulo-Gounkoto complex in January after the West African nation blocked exports, seized gold and detained […]
Gold Prices Reach All-Time High Amid US-China Talks and Rate Cut Decision
Gold set a new record on Monday, rebounding from Friday’s drop, as uncertainty over US-China trade talks as well as expectations of a Federal Reserve rate cut fueled demand for the safe-haven metal. Spot gold rose as much as 2.9% to $4,380.89 an ounce, surpassing its all-time high from last week before the selloff. US […]
Gold’s Historic Rally Brings Added Benefits for Emerging Markets
A relentless surge in the price of gold is delivering windfalls across emerging markets, boosting investor confidence in countries that mine and buy the metal. In South Africa, home to the world’s deepest gold mines, stocks are on track for the best year in two decades, with shares of miners like Sibanye Stillwater Ltd., AngloGold […]