Lexington Gold expands Jelani JV study in South Africa and completes drilling at Jennings-Pioneer project in the US AIM-listed Lexington Gold has announced that the conceptual-level study of the Jelani Resources joint venture (JV) project in South Africa, being undertaken by Bara Consulting, has been expanded to provide a more detailed and robust evaluation. Enhanced Study Scope for Jelani JV The upgraded study scope now includes: A more comprehensive validation of the proposed mining approach.
Barrick Mining Books $1.04 Billion Loss Following Mali Military Seizure of Gold Mine Shares of Barrick Mining Corporation declined after the Canadian gold producer recorded a $1.04 billion charge linked to the seizure of its extensive Loulo-Gounkoto gold complex by Mali’s military junta. The company described the loss as a “deconsolidation” of the operation following a change of control, as detailed in its second-quarter earnings report released Monday. This significant charge was partly offset by
Fortuna Mining Boosts Senegal Gold Resources by 53% Before Q4 2025 Economic Study Fortuna Mining (NYSE: FSM; TSX: FVI) has significantly increased the mineral resource estimate at its Diamba Sud gold project in Senegal as it prepares a preliminary economic assessment (PEA) scheduled for completion in the fourth quarter of 2025. The updated estimate now stands at 724,000 ounces of gold in indicated resources, a 53% increase from the year-end 2024 figure. Inferred resources have
Kavango Confirms Shear Zone Gold Targets at Hillside Project in Zimbabwe’s Filabusi Greenstone Belt London-listed Kavango Resources has released its first technical update on the structural geology of its Hillside gold project, located in Zimbabwe’s Filabusi Greenstone Belt. The analysis, conducted in collaboration with Murgana Structural Consulting of Sofia, Bulgaria, provides valuable insight into the geological setting of three priority prospects: Nightshift, Bill’s Luck, and Steenbok. At all three sites, gold-bearing quartz veins have been
Montage Gold Expands Côte d’Ivoire Drilling, Adds 404,000 oz to High-Grade Resources in Under a Year Montage Gold has ramped up exploration efforts at its flagship Koné gold project in Côte d’Ivoire, achieving significant milestones just halfway through 2025. The Canadian-listed company has already surpassed its total drilling output from 2024, signaling robust progress toward its near-term production and resource expansion goals. As of mid-year, Montage has completed 83,280 metres of drilling—exceeding last year’s total
Mali Rejects Barrick Gold’s Appeal Over Employee Arrests as Mining Dispute Deepens A court in Mali on Tuesday rejected an appeal by Barrick Gold Corporation to release four local employees who were arrested in November 2024, according to Judge Samba Sarr. This ruling marks the latest development in a prolonged standoff between the Canadian mining giant and Mali’s military-led government over taxes and mine ownership. Barrick, which has consistently dismissed the allegations as baseless, filed
Sudan’s Gold Boom Amid Chaos: A Lifeline or a Lost Opportunity? Despite a devastating civil conflict, Sudan’s gold production soared to a record 64 tonnes in 2024—marking a 53% increase from 41.8 tonnes in 2022. According to the Sudanese Mineral Resources Company (SMRC), this growth generated $1.57 billion in legal export revenue, providing a crucial lifeline to the nation’s embattled economy. The figures were announced by SMRC Director Mohamed Tahir Omer during a press briefing
Ghana to Hedge Gold Exports and Regulate Cryptocurrency to Protect Forex Reserves and Ensure Monetary Stability Ghana is preparing to hedge its gold exports in a strategic move to protect the foreign exchange earnings that have significantly strengthened the country’s central bank reserves, according to Bank of Ghana Governor Johnson Asiama. Speaking at an event in Accra, Asiama highlighted that rising gold production and strong global prices have helped push Ghana’s gross international reserves to
DRC Gold Prices Rise Slightly to $108.60 per Gram Amid Global Economic Caution The price of gold—one of the Democratic Republic of Congo’s (DRC) most strategic export minerals—saw a modest increase of 0.35% on international markets during the week of July 14 to 19, 2025. According to a statement from the National Commission of Mercuriales under the Ministry of Foreign Trade, gold traded at $108.60 per gram, up from $108.22 the previous week. Experts say
DRC Gold Prices Inch Up 0.35% Amid Global Tensions; Experts Urge Local Refining and Traceability The price of gold—a critical mineral resource for the Democratic Republic of Congo (DRC)—has seen a modest increase on the international market. From July 14 to 19, 2025, the price of one gram of gold rose by 0.35%, reaching $108.60, up from $108.22 the previous week, according to a press release from the National Commission of Mercuriales under the Ministry
