Africa’s crackdown on informal gold miners spreads to Mali

Mining News Pro - Mali is getting closer to bringing in new rules to better control artisanal gold mining and overtake South Africa as the continent’s second-biggest producer.

Zimbabwe plans to register gold miners to curb smuggling

Mining News Pro - Zimbabwe is drafting legislation which will compel small-scale gold miners to register their operations as the southern African nation seeks to curb gold smuggling according to John Mangudya, central bank governor.

Gold miners need to get greener to meet 2030 emissions targets

Mining News Pro - The global gold industry* is broadly on track to align with a 2°C climate target by the end of the current decade. However, more action is required if the industry is to meet – and surpass – the 1.5°C mark, according to a new report from Wood Mackenzie.

Brazil to deploy special force to protect the Yanomami from wildcat gold miners

Mining News Pro - The Brazilian government on Monday authorized the employment of the National Security Force (FNS) to protect the Yanomami indigenous people and their reservation lands for 90 days in the northern state of Roraima bordering Venezuela.

Ten China gold miners confirmed dead after others rescued; one still missing

Mining News Pro - Rescuers searching for the remaining workers trapped in a Chinese gold mine after Sunday’s dramatic extraction of 11 survivors found nine bodies, a local official said on Monday, taking the death toll to 10, with one miner still missing.

South African stocks climb as haven demand boosts gold miners

Mining News Pro - South African stocks advanced for a second day, boosted by gold producers as demand for haven assets supported bullion prices amid the latest news on the coronavirus pandemic.

Gold miners set for another banner year

Mining News Pro - The good times for gold miners are expected to continue next year, especially for those that are able to tighten spending and increase returns to investors.

Australian gold miners still hungry for acquisitions in North America

Mining News Pro - Australian mid-tier gold miners looking to North America for growth view their flurry of recent acquisitions as a “beachhead” to expand further.

Gold miners insist they won`t splurge despite price surge

Mining News Pro - The world`s top gold miners sought to reassure investors on Monday that they`re not going on a spending spree despite surging gold prices boosting their shares and free cash flow.

Gold miners have important role to play in meeting the UN SDGs

Mining News Pro - The gold industry can play a major role in helping to address the many social, economic and environmental challenges facing the world, while also expanding its overall contribution to meeting the United Nations (UN) Sustainable Development Goals (SDGs), says AngloGold Ashanti nonexecutive director Kojo Busia.

World’s gold miners wary of production ramp-up despite price surge

Mining News Pro - The world`s top gold miners are retrenching after Covid-19 related shutdowns despite record prices for the yellow metal, with cost-conscious executives prioritising investor returns over production growth.

Gold miners keep operating in Mali despite coup

Mining News Pro - Gold miners operating in Mali said they are continuing to operate while monitoring a political crisis that shut the country’s borders and hit share prices on Wednesday.

Gold miners eye London, New York listings as Toronto loses shine

Mining News Pro - Gold miners in Canada keen to tap new investors are eyeing secondary listings in London and New York, underscoring pent-up demand for the precious metal from generalist funds.

South African gold miners commemorate Women`s Month

Mining News Pro - Gold producers AngloGold Ashanti, Gold Fields, Harmony Gold and Sibanye-Stillwater are commemorating Women’s Month in recognition of the important role women play in the mining industry and our society, and are calling for an end to gender-based violence and discrimination.

Record bullion prices give South African gold miners a lifeline

Mining News Pro - South African gold miners are looking to cut debt and boost dividends as bullion hits record highs, with analysts and fund managers predicting a sectoral growth spurt over the next two years amid rising investor interest.

Zero-premium mergers becoming the new normal among gold miners

Mining News Pro - Gone are the days of paying high premiums to acquire mining companies or assets.

Gold Highs and lows;

How gold and gold miners have fared during Covid-19

Mining News Pro - Gold’s reputation as a safe haven for investors in times of turmoil has held steady amid the coronavirus pandemic; despite plummeting jewellery sales, the price of the precious metal has skyrocketed to a seven-year high. But what do such turbulent times mean for miners? We investigate The gold market, like almost every other, has been shaken by the onslaught of Covid-19.

Russia to grant full export rights to gold miners amid coronavirus

Mining News Pro - Russia will start granting perpetual licences for miners to export gold instead of one-off rights, a decree showed on Monday, to support them in shipping metal overseas independently as demand in its regular trade chain is hit by the coronavirus.

The global airline shutdown has a surprise victim: gold miners

Mining News Pro - The collapse in commercial air travel amid global coronavirus restrictions has an unexpected casualty — gold miners looking to transport their metal to refineries.

Gold miners Argonaut and Alio announce merger

Mining News Pro - Canadian companies Argonaut Gold and Alio Gold on Monday announced an at-market merger in which Argonaut would buy Alio to create an intermediate miner producing 235 000 gold-equivalent ounces a year.

Endeavour buys Semafo, creates one of West Africa’s top gold miners

Mining News Pro - Canada’s Endeavour Mining gave markets a welcome break from Covid-19-related news on Monday by announcing the acquisition of smaller rival Semafo in a C$1 billion ($691 million) deal.

Gold miners should be cautious as prices rise

Mining News Pro - A report by Fitch Ratings states that miners should resist the temptation to increase cash returned to shareholders as gold prices rise and suggests exhibiting more caution than in past bull cycles.

Takeover talks between gold miners Endeavour and Centamin hit a snag

Mining News Pro - Egypt-focused gold miner Centamin has accused Canada’s Endeavour Mining of making it difficult for the company to assess the value of a potential business combination unless it agrees to extending a firm offer deadline.

Colombia’s artisanal gold miners now part of a traceable global supply chain

Mining News Pro - A group of international organizations, led by Switzerland’s Better Gold Initiative (BGI), has extended their responsible mining initiative to hundreds of artisanal gold miners from El Chocó, Colombia, which are now part of a fully traceable and accountable international supply chain.

Gold miners flash the cash in biggest deal binge in a decade

Mining News Pro - Gold miners look set to extend a deal spree after notching transactions worth a record $30.5 billion this year, according to data, the biggest M&A binge since bullion prices peaked nearly a decade ago.

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