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...
Since we issued our statement on Wednesday, 26 August 2020 on the Agyapa transaction, we have received messages from many different quarters, whether of commendation or respectful disagreement.
We feel compelled to offer some elaboration and clarification in respect of the matters we raised and, in some respects, draw...
Asante Gold Corporation, a Canadian-based gold mining company, is forecasting a combined production of approximately 400,000 ounces of gold for 2023 from its Bibiani and Chirano mines.
This should result in some US$771.6million - pegged at US$1,929.02 per ounce as of January 19, 2023 world market prices. Asante's recent increase...
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,...
The country could substantially strengthen its foothold as Africa’s top gold producer if issues concerning insecurity at mines, delays in obtaining permits and railway infrastructure are addressed, the Ghana Chamber of Mines, has said.
The Chamber’s Chief Executive Officer Sulemanu Koney said these issues have been identified as having the...
The value of gold export receipts reached US$6.6billion last year, the Minister of Lands and Natural Resources, Samuel Abu Jinabor, has revealed.
The revenue realised from exports of gold declined from US$6.779billion in 2020 to US$5.083billion in 2021 due to the contraction in gold production, particularly the near-collapse in volume...