Gold

Twiga Minerals, the joint venture between the Tanzanian government and Barrick Gold Corporation, has revitalized the country’s gold mining industry through a partnership that should serve as a model for similar operations, particularly in developing regions, Barrick president and chief executive Mark Bristow said today. Briefing media at a mine …

Barrick Gold Corporation, Africa’s biggest gold mine, Kibali, stepped up production significantly in the past quarter as part of its planned ramp-up and is well on track to achieve its annual guidance.  At the same time, successful exploration is expected to more than replace reserves depleted by mining again this …

Mali government has honoured Barrick Gold Corporation’s Loulo Gounkoto Mine for its role in enabling the country’s tax department to achieve its revenue targets for 2022. Loulo-Gounkoto gold mining complex has become one of the largest taxpayer in Mali, The country’s Director of Large Enterprises presented both Loulo and Gounkoto …

Barrick Gold Corporation’s two gold mines in Tanzania, North Mara and Bulyanhulu, ramped up combined output to 547,0001 ounces in 2022, achieving another step towards their potential Tier One2 status in the group’s asset portfolio as a combined complex. At the same time, exploration is continuing to deliver opportunities to …

Shanta Gold, an East African gold producer, developer, and explorer, has signed binding definitive documents with Stanbic Bank Tanzania for a $20 million loan facility to help it expand its portfolio. Shanta CEO Eric Zurrin says the four-year $20 million facilities is a significant step forward for the company because …

An official claimed on Sunday that eight dealers were arrested in Geita, Tanzania’s northern province, for smuggling an undefined amount of gold out of the country. The arrest was reported by Doto Biteko, the Minister of Minerals, at a meeting with small-scale miners in the gold-rich Geita region’s Lwamgasa district. …

Caracal Gold, an LSE-listed company, has agreed to a new share purchase agreement (SPA) for its proposed acquisition of Tyacks Gold, the holder of the Nyakafuru project’s licenses in Tanzania. The project is located 140 kilometres southwest of Mwanza, Tanzania’s second-largest city, amid the Lake Victoria Gold Fields in northern …

The Amani Nature Reserve, established by Tanzanian authorities in 1997 to protect the East Usambara Mountains’ unique flora and fauna, is under threat from gold mining, according to an official. Over 20 hectares of natural forest cover have been destroyed by artisanal miners in recent years, according to Fikiri Maiba, …

Aim-listed The Ramula target at Shanta Gold’s West Kenya project  has received its first mineral resource estimate (MRE). This comes after a successful drilling campaign in 2021, with more updates on other targets – Isulu-Bushiangala and Bumbo – expected in the coming months. The Ramula target adds 434 400 ounces …

Shanta Gold has extended the life of its New Luika gold mine, in Tanzania, to at least the end of 2026, while the mine life of its Singida project, also in Tanzania, remains unchanged to the end of 2029. The company has replaced the ounces it mined in 2021 with …