Gold and silver are selling on a high, lifted by concerns over economic growth, a second wave of virus infections and simmering tensions between the U.S. and China.
Last week, gold headed back toward its peak in April l, when prices hit the highest since 2012. Silver , meanwhile jumped...
Industrial gold output from Ghana, Africa’s top producer of the precious metal, increased 6% in 2019 from the previous year while small-scale gold production dropped 20%, the Chamber of Mines said in its annual general meeting on Friday.
Industrial mines produced 2.989 million ounces of gold in 2019, up from...
The Ashanti Regional Health Directorate’s fight against the deadly coronavirus (COVID-19) has received a major boost as mining equipment and technology services provider, Sandvik Mining & Construction (Ghana) Ltd has donated personal protective equipment to the directorate.
The GH¢150,000 equipment are to augment government’s supplies and help the region with...
Gold miners will need to invest $37 billion into projects in the next five years to maintain 2019 production levels and counter the prospect of peak supply, consultancy Wood Mackenzie said in a report on Wednesday.
With no major new gold discoveries over the last few years, miners have resorted...
Research agency Standard & Poor’s (S&P's) Global Market Intelligence says major gold miners globally have seen their economically mineable gold reserves decline over the last decade, owing to a lack of new discoveries and a shift away from growth strategies to margin preservation.
With top producers facing declining production profiles,...
AngloGold Ashanti (Ghana) has successfully graduated a batch of eight students from their first Graduate Trainee Programme and matriculated its second batch in a colorful ceremony held in Obuasi.
The company instituted the Graduate Trainee Programme, a developmental initiative to offer brilliant and promising students from tertiary institutions the opportunity...
With more than 30% of the world’s mineral reserve, mining on the African continent dates back to the 15th century – currently, mining industries in Africa produce more than 60 different metals: copper, diamond, gold, gemstones, platinum, aluminium, bauxite, manganese, coal, iron ore, nickel, lead and zinc are a...
Employees and community members of Golden Star Resources’ (GSR) recently sold Bogoso Prestea Mine are petitioning the government to intervene in the mine’s sale due to inherent risks the deal poses to Ghanaian employees and the micro-economy of Prestea Huni-Valley Municipality.
The employees are saying the deal if allowed to...
Golden Star Resources Ltd has said it has entered into an agreement with Future Global Resources for the sale of its 90percent interest in the Bogoso-Prestea Gold Mine.
The agreement stipulates that an initial purchase price of $55 million shall be paid with a further contingent component of up to...