Gold steadied as investors tracked the deployment of the first Covid-19 vaccines in the US and the continuation of talks over a stimulus bill.
The first deliveries of the vaccine are scheduled for Monday morning and the initial lot will be in all 50 states by Wednesday, according to Gustave Perna,...
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...
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...
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 Tarkwa operations of Gold Fields Ghana (GFG) has confirmed two positive COVID-19 cases, but assured that the patients, a worker and his wife, are in stable conditions.
A press release from the mining giant said: “the company received the test results from the Noguchi Memorial Institute for Medical Research...
The Ministry of Lands and Natural Resources has said concerns about the intended government initiative to purchase oil with gold from the country will be resolved as the country readies to receive the first consignment of oil under the policy in a week.
According to the Deputy Minister for Lands...
The economy recorded a trade surplus of US$2billion last year, equivalent to 3 percent of Gross Domestic Product (GDP), on the back of strong gold prices, according to latest Bank of Ghana (BoG) data.
The country raked in a total US$14.45billion from its exports against total imports valued at US$12.43billion...
The Precious Minerals Marketing Company Ltd. (PMMC) has installed new ultramodern equipment at its assay laboratory at the Kotoka International Airport to facilitate testing of gold and other metals for exports.
The new equipment includes X-ray Fluorescence (XRF) Spectrometer; Electrical Conductivity Tester for Gold; Technical Specifications for Ultrasonic Flaw Detector;...