Namibia Critical Metals Terminates Transaction with Sylla Gold Corp. - StockTitan: Namibia Critical Metals Terminates Transaction with Sylla Gold Corp. StockTitan
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Kindly take note of the weekly commodity updates. The green arrows on the flyer indicate an increment in commodity price. The red arrows indicate a decrease in commodity price . The percentage change is with respect to the prices posted on 12th July 2024. All prices were taken as of 8:30am today. Let’s keep ourselves updated and share it to update others as well. AusIMM Asante Gold Chirano Limited Newmont Ghana Gold Limited GOLD FIELDS BHP BCM Group Geodrill Asanko Gold #AusIMM #commodityprices #commoditymarket #updates #industry #weekupdates
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Namibia Critical Metals Sells Non-Core Assets in Namibia to Sylla Gold Corp. - The Caledonian-Record: Namibia Critical Metals Sells Non-Core Assets in Namibia to Sylla Gold Corp. The Caledonian-Record
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Sylla Gold Corp Strikes Gold in Namibia: Acquires Four Prospective Properties - BNN Breaking: Sylla Gold Corp Strikes Gold in Namibia: Acquires Four Prospective Properties BNN Breaking
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Global Gold Production in 2023
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Namibia Critical Metals terminates transaction with Sylla Gold Corp Namibia Critical Metals Inc. has mutually terminated the share purchase agreement with Sylla Gold Corp. (TSX.V: SYG) to divest four non-material gold properties in Namibia. This termination affects the previously announced transaction on March 19, 2024, which was updated on June 13, 2024. The decision to end the agreement suggests a change in strategy or market conditions for both companies. This development may impact Namibia Critical Metals' portfolio management and future plans for these gold properties. https://lnkd.in/d2b9JAg4
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Ghana's New Gold Refinery: A Step Toward Added Value Ghana has officially launched its first commercial gold refinery, aiming to enhance the value derived from its gold industry. This new facility, where the state holds a 20% share, represents a significant advancement for Africa's leading gold producer. The Royal Ghana Gold Refinery, a public-private partnership with Rosy Royal Minerals, has the capacity to process 400 kg of gold daily. Vice President Mahamudu Bawumia emphasized that this initiative is expected to reduce gold smuggling and increase national earnings from the precious metal. This strategic move is intended to add value to Ghana’s gold sector and support economic growth through improved revenue from its gold resources. Read more here - https://lnkd.in/e3msc5HS #Ghana #GoldRefinery #EconomicGrowth #GoldIndustry #ValueAddition #PublicPrivatePartnership #AfricaInsights
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An interesting graphic below from Visual Capital showing estimates of global gold production in 2023. China is the leading gold producer with 370t followed by Australia and Russia with 310t. On the African continent, South Africa emerged as the largest producer with 100t of gold, followed by Ghana(90t).
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In 2022, 435 tonnes of African gold were smuggled out, valued at approximately $32.87 billion at today's gold price of $2350 per Troy ounce. If 5-15% of this value remained in the country, it would significantly impact local economies each year. How can Governments address and stop this illegal practice to ensure sustainable development and fair wealth distribution? Your thoughts and insights are welcome. https://lnkd.in/dgNsbbH9 #SustainableDevelopment #ResourceManagement #EthicalMining #Governance #EconomicGrowth
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RIOZIM recorded a 13 percent increase in gold production to 307 kilogrammes (kg) during the third quarter of the year, compared to 272 kg in the prior quarter, attributed to an improvement in power supply.>https://rb.gy/2t7wh2
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