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African Mining Sector Unscathed by Sanctions Against Russia

May 24th 2022

Meantime, the sanctions are likely to limit the ability of Russian miners to repatriate profits, the report noted.

Kinross Gold Published 2021 Sustainability Report

The report details the company’s approach to responsible mining.

Kenyan County Ordered Temporary Shutdown of Gold Mining Activities

This is to facilitate environmental audit processes.

World’s Topmost Gold Mines Ranked by Output

The third largest producer of gold was Grasberg mine in Indonesia which accounted for production of 1.370 million ounces of gold in 2021.

Equinox Gold Temporarily Suspended Operations at RDM Mine

The full operations could possibly restart within two months from the date of regulatory approval, the company said.

Hochschild Mining to Invest $200M in Brazil Gold Mine

The mine was added to the company’s portfolio as part of its acquisition of Amarillo Gold in 2021.

San Gabriel Gold Mine to Commence Production in 2024

It aims to reach annual production of 120,000-150,000 ounces of gold in the next three to four years.

Barrick Gold Seeks to Acquire More Copper Assets in Africa

It must be noted that Barrick already owns a copper mine in Zambia.

Kinross Gold Tasiast Mine Hit Record Quarterly Production

The Board of Directors declared quarterly dividend of $0.03 per common share, which will be payable on 16th June, 2022.

Gold Fields Declared Robust Quarter Despite Inflationary Pressures

The company foresees at least 10% inflation in the regions where it operates.

Sibanye Stillwater Cashed in on Strategic Growth and Diversification Initiatives

The group adjusted EBITDA for the quarter remained strong at R13.7 billion (US$898 million), although 31% lower than that during the same quarter a year before.

Lundin Gold Posted Strong Operational and Financial Results in Q1 2022

Lundin Gold reported net income of $23.2 million and adjusted earnings of 121,665$57.6 million or $0.25 per share.

Barrick Gold on Track to Meet Production Guidance

The first quarter was a softer one, in comparison with Q4 of 2021.

Eldorado Gold to Restart Construction at Skouries Gold-Copper Mine

Eldorado Gold reported cash flow from operating activities of $49.7 million in Q1 2022.

Scrap Metal Prices

Copper Scrap		VIEW ALL
Alternator	0.39	0
#1 Copper Bare Bright	4.35	0
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6063 Extrusions	1.11	0.02
6063 Extrusions/Fe	0.87	0.02
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#1 Bundle	475.00	0
#1 Busheling	490.00	0
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Cellular Phones	4.25	0
CPU Processors	20.00	0

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