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Shares of gold miner Newmont (NYSE: NEM) fell 14.7% on Thursday after the company reported third-quarter 2024 results. The sell-off may seem strange, given gold prices are still hovering around an ...
(Reuters) -Canadian miner Barrick Gold has signed a new agreement with the Malian government to end an almost two-year-old dispute over its mining assets in the West African country, four people ...
The company's main shareholder is SSR Mining Inc. [5] In 2012, the company stated that it planned to extract more than 10 million ounces of gold by 2019. [1] In 2022, the proven and probable mineral reserves were estimated at 47.7 million tonnes at an average grade of 2.11 g/t, or 3.2 million ounces of contained gold excluding stockpiles. [6]
In 1970, South Africa produced 995 tonnes or 32 million ounces of gold, two-thirds of the world's production of 47.5 million ounces. [2] Production figures are for primary mine production. In the US, for example, for the year 2011, secondary sources (new and old scrap) exceeded primary production. [3]
At least 31 people are suspected to have died in a methane gas explosion at a disused gold mine in South Africa around the third week of May in 2023. [3] [2] [4] [5] [6]The Department of Mineral Resources and Energy (DMRE) reported late on 22 June 2023 that the miners had died in a mining shaft at the abandoned Virginia mine in Welkom, Free State.
“My latest forecast is that gold may actually exceed $27,000,” Rickards wrote in a recent column. ... One dynamic way to leverage rising gold prices is by purchasing shares in gold mining ...
U.S. shares of bullion miners such as Harmony Gold Mining rose 1.7%, Sibanye Stillwater added 2.2% and Gold Fields climbed 1.9%, tracking higher gold prices as markets flocked to the safe-haven asset.
However, most fatalities are usually spread out in smaller incidents. In 2022, 38 or 39 people were killed in mining accidents in Peru. [1] [2] [4] Peru's deadliest year in mining accidents was 2002, when there were 73 fatalities. [3] The mine where the fire happened is operated by Minera Yanaquihua, which has been operating mines in Peru for ...