Fresnillo reports lower revenues as gold volumes fall and Covid’s impact lingers August 2, 2022 Fresnillo reported lower revenues for the first half of 2022 due to the drop in gold volumes and silver prices, with Covid’s impacts still a concern. The Mexican metals mining company reported adjusted revenues of $1.35bn, a drop of 12.6 per cent as volumes and prices of precious metals that the company mines declined. The [...]
UK among G7 countries to ban Russian gold imports June 26, 2022 Exported Russian gold will be shut out of the UK, Canada, US and Japan under a batch of fresh sanctions designed to ramp up pressure on Moscow’s war efforts, the government announced today.
Gold Fields to buy rival Yamana Gold in $6.7bn deal May 31, 2022 South African mining giant Gold Fields is set to acquire rival Yamana Gold, making it the world's fourth largest gold mining group.
Gold prices hit by hawkish Federal Reserve May 31, 2022 A resilient US dollar and rising bond yields are weighing down investor confidence in gold, which sits well below the $1,850 threshold.
Anglo Asian Mining profits drop as it begins business revamp May 17, 2022 Profits at gold and copper producer Anglo Asian Mining have plummeted as the miner looks to expand its business across Azerbaijan.
City boss pays staff in gold to beat inflation: ‘Makes no sense to pay them in pounds’ May 15, 2022 Staff at a financial services firm in the City of London have been offered the possibility to get paid in gold rather than pounds and pence — to help them keep ahead of inflation. TallyMoney CEO Cameron Parry is understood to be the first employer in the country to trial a gold payroll, though other [...]
No more license for Amazon: Brazil court deals lethal blow to world’s largest gold mine April 26, 2022 What would have been the largest open-pit gold mine in the world is no more, after a Brazilian federal court upheld the suspension of an environmental license, dealing a blow to the Canada-based company behind the project. Belo Sun Mining was appealing the same court’s 2017 ruling, which found that the company’s consultation with local [...]
More than 100 listed UK companies sound alarm as Ukraine war makes investors move away from shares to gold March 21, 2022 115 UK listed companies have now warned of the effects of the war in Ukraine in their stock exchange announcements. The number of companies warning of the risk the situation in Ukraine poses has risen almost fivefold in the past week, up from 20 the week before. So far few have quantified the impact on [...]
Gold prices recover despite Federal Reserve rate hike March 17, 2022 Gold prices have surged to $1,941 per ounce despite the US Federal Reserve increasing interest rates by 25 basis points.
Gold diggers: Mining firms team up to address market ‘challenges’ March 7, 2022 London-based gold and nickel exploration firm Katoro Gold has entered into a joint venture with an Australian company Lake Victoria Gold. The companies plan to work on Katoro’s so-called Imweru Gold Project, after it had previously announced the sale of the scheme. Katoro chief executive Louis Coetzee said the agreement “was a strategic decision by the [...]