ACG Metals completes $290M acquisition of Gediktepe mine in Turkey
ACG Metals has successfully completed a $290 million acquisition of the Gediktepe mine in Turkey’s Balıkesir Province. The mine, which is currently producing gold and...
Tag : gold
NickelX acquires Penny South gold project in Western Australia for $40,588
NickelX has finalized a binding agreement to acquire 100% ownership of the Penny South gold project from Aurum Resources. The project, located approximately 550 meters...
Corcovado National Park in Costa Rica under siege: Illegal gold mining threatens biodiversity
Corcovado National Park, renowned for its extraordinary biodiversity, is under severe threat from illegal gold mining operations that are wreaking havoc on its delicate ecosystem....
Sukari Gold Mine in Egypt reaches 5.8 million ounces production milestone
The Sukari Gold Mine (SGM) has achieved a significant milestone by producing 5.8 million ounces of gold since its inception, according to an announcement by...
Endeavour Mining and Lilium settle dispute: Burkina Faso to take over gold mines
Endeavour Mining Plc and Lilium Mining have reached a resolution in their legal dispute concerning the sale of two gold mines in Africa. As part...
Illegal mining surge at Sibanye-Stillwater: Record gold prices fuel increase in crime and arrests
Sibanye-Stillwater has reported a dramatic increase in illegal mining incidents around its South African gold operations amid soaring gold prices. The illegal miners, known as...
Global gold firms to invest EGP 2.5 billion in Egyptian exploration, Centamin to contribute $100 million
Global gold exploration companies Aton Resources, Ankh Resources and Centamin Plc are set to invest approximately EGP 2.5 billion in gold exploration projects in Egypt...
Latitude 66 begins drilling at K South prospect in northern Finland
Latitude 66 has initiated a diamond drilling program at the K South prospect within its Kuusamo Schist Belt (KSB) gold project in northern Finland. The...
Mali’s gold reserves decline by 17% amid production challenges
Mali’s gold reserves decreased by 17% from 2022 to 2024, totaling 731 metric tons, according to recent data from the mines ministry. This drop from...
Çöpler gold mine workers protest planned layoffs in Eastern Turkey
Workers at the Çöpler Gold Mine in Erzincan, eastern Turkey, staged a protest against the company’s plan to lay off hundreds of employees by blocking...