The recent approval of the Pan American Silver-Yamana Gold deal by Mexican authorities has attracted attention within the mining industry and financial markets. The deal involves the acquisition of the Mercedes gold-silver mine in Mexico by Pan American Silver Corp. from Yamana Gold Inc. This development holds implications for the companies involved, the local economy,…
The fate of a controversial gold mining project in French Guiana, jointly operated by Russia and Canada, hangs in the balance as Paris deliberates on its environmental and social implications. The Montagne d’Or gold mine, situated in the lush rainforests of French Guiana, has sparked fierce debates over the potential economic benefits versus the ecological…
Dubai, known for its gleaming skyscrapers, luxury shopping, and bustling trade, has been grappling with a dark shadow over its reputation in recent years – the issue of smuggled African gold. Despite its efforts to establish itself as a global hub for legitimate gold trade, reports of illicit gold trafficking from Africa have tarnished Dubai’s…
Gold has long been considered a safe haven and a store of value during times of economic uncertainty. In recent years, as the global economy has been grappling with the delicate balance between inflation and interest rates, gold has found itself in a sweet spot, offering investors a hedge against both rising inflation and increasing…
Brazil’s government has recently announced a significant measure to enhance transparency and combat tax evasion in the gold market. Starting January 1, 2024, the country will require the use of electronic tax receipts for all transactions involving the buying and selling of gold. This move is part of Brazil’s broader efforts to modernize its tax…
In the small town of Black Hawk, Colorado, a battle is brewing over the future of the local mining industry. For years, the town has been home to a thriving gold-mining industry, but now the city council is considering a ban on all forms of extractive mining. If the ban is passed, it would be…
AngloGold Ashanti, the world’s third-largest gold producer, has announced that it is putting its Crixas gold mine in Brazil up for sale. The company said that the decision to divest the mine was part of its ongoing strategy to focus on its core operations and to reduce its exposure to countries with high political and…
The gold mining company Kinross Gold Corporation has announced that its gold mining operations in Russia are unaffected by the sanctions imposed by the United States and its allies on the country. The company said that it is closely monitoring the situation and is in compliance with all applicable laws and regulations. The sanctions, which…
South African stocks rose on Friday as demand for safe-haven investments increased amid rising worries about global economic growth. Gold mining companies and other gold-related stocks were the biggest beneficiaries as gold prices gained amid increased risk-off sentiment. Investment holding companies were also among the top gainers, with investors seeking refuge in these companies’ assets,…
Endeavour Mining Corporation, one of the leading gold producers in West Africa, has announced the discovery of a potential new flagship gold project in the region. The project, located in the Birimian greenstone belt of West Africa, is estimated to contain more than 1 million ounces of gold. According to Endeavour Mining, the project could…
