AusIMM Tarkwa Student Chapter’s Post

Our latest research on Steppe Gold Ltd reveals impressive Q3 results: 18% production growth at ATO #gold mine, surpassing forecasts by 7%. Fully funded for phase two expansion, aiming for 100+ Koz production by 2025. The Tres Cruces project (Peru) PEA confirms $159M AT-NPV5%. We maintain a positive outlook on gold prices amid expected Fed rate cuts. Read the full report for more details and future catalysts: https://lnkd.in/gfehbyjt *FRC provides issuer paid coverage. *Past performance is not indicative of future results. #SteppeGold #GoldMining #Q3Results #InvestmentInsights #MiningIndustry #GoldProduction #FinancialAnalysis #MarketOutlook #PreciousMetals #ExpansionPlans #Opportunity

THE TOP 10 OF GOLD PRODUCERS IN THE WORLD Gold has broken numerous records and increased by 12% year to date, resurfacing as one of the leading asset classes of 2024. Right now, it looks like it will be the best year since 2020. Fears of a recession and geopolitical dangers have increased global economic uncertainty, which has helped the yellow metal by increasing demand. In the lines below, let's present the world's top 10 Gold producers (by million ounces) in the world according to the data available on December 31, 2023. 1️⃣ Newmont: 5.5 Moz 2️⃣ Barrick Gold: 4.05 Moz 3️⃣ Agnico Eagle: 3.44 Moz 4️⃣ Navoi (NMMC): 2.9 Moz 5️⃣ Polyus: 2.9 Moz 6️⃣ AngloGold: 2.59 Moz 7️⃣ Gold Fields: 2.3 Moz 8️⃣ Zijin: 2.17 Moz 9️⃣ Kinross: 2.15 Moz 🔟 FreePort McMoran: 1.99 Moz Read more at: https://lnkd.in/erPWkBx7

[𝐅𝐄𝐀𝐓𝐔𝐑𝐄𝐒 𝐍𝐄𝐖𝐒] Midtier gold miner Pan African Resources PLC aims to increase gold production by about 50 000 oz/y by 2025 through its Mintails project, which will increase the miner’s yearly production to about 250 000 oz. This week's #TopProjects in #Gold feature has the full story > https://bit.ly/3RG7N77

Namibia Critical Metals Terminates Transaction with Sylla Gold Corp. - StockTitan: Namibia Critical Metals Terminates Transaction with Sylla Gold Corp.  StockTitan

B2Gold Corp reports N$4.04bn in gold revenue for the first half of 2024 B2Gold Corp. recorded C$219.1 million (N$4.04 billion) in gold revenue for the six months ended 30 June 2024, with 99,790 ounces sold at an average price of C$2,195 per ounce at the Otjikoto Mine in Namibia. Ore milled totalled 1,677,126 tonnes, with a grade of 1.76 grams per tonne and a recovery rate of 98.5% during the half year period. The Otjikoto Mine in Namibia reported gold revenue of C$112.9 million (N$2.08 billion) for the three months ended June 30, 2024 (second quarter), up from C$77.9 million (N$1.43 billion) in 2023. https://lnkd.in/dDxX59UE #namibia #gold #goldmining #Otjikotomine #B2Gold Chamber of Mines Namibia Tom Alweendo

Why do we keep doing this to ourselves? There are 2 refineries practically on their knees because the government lacks the will to implement a local content policy but yeah let's welcome the LBMA to establish another one. Sure Ghana is ripe for the LBMA's drive to encourage ASM sourcing by GDL but nothing will come out of it if we don't tackle the first things first. 1. Can we first encourage our refineries to meet the Refining, Assay and Hallmarking standards by the Ghana Standards Authority ? 2. Scale up the Gold Kaccha and deal with mercury use 3.Deal with formalization of our ASM and work on traceability 4. How can we get the Licensed Gold Exporters/Aggregators to meet the ASM Framework being developed by the Responsible Business Alliance (RMI) once it's ready? Anil Kansara Dr Theo Acheampong #ASM

Gold Key facts: ⛏️ Gold is among Canada's most valuable mined commodities, with a production value of $13.2 billion in 2022. ⛏️ Gold is mined in 10 Canadian provinces and territories, with the majority coming from Ontario and Quebec that together accounted for 72% of Canada’s mined gold production in 2022. ⛏️ Canadian mines produced 204 tonnes of gold in 2022, ranking Canada as the fourth-largest global producer. To learn more about Lancaster's Piney Lake Gold Project, view this link: https://lnkd.in/gSbEhc3w #LancasterResources #CriticalMineralsExploration #PineyLakeGold #GoldPropertyAcquisition

It’s the best approach by any of large gold producing nations, where the the precious metals exports is a major chunk of their revenu. However, the lack of incentivising such projects and substantial cuts in royalty levied before export vis a vis export of raw gold, the chances of success of home grown refineries are less. For example in Ghana with 900 kg per day refining capacity by two large refineries set up,, none of them have been functioning due to lack of their main feedstock, the gold Dore.

Rating of the largest exploited #gold #deposits in the world. #Muruntau deposit with 48.2 Moz of gold reserves and a gold content of 2.5 g/t is in 1st place. The list also includes #Angren deposit with reserves of 8.7 Moz with a grade of 7 g/t.