Proactive’s Post

Pan African Resources PLC more than doubled cash flow and increased profit by almost 50% in its latest half-year. 'Exceptional' contributions from its surface tailings treatment operations at Elikhulu and Barberton (BTRP), a higher gold price and slightly lower costs helped profits jump to US$42.4 million (US$28.9m), said the South Africa-based gold miner. Production in the six months to end December 2023 rose by 6.7% to 98,500oz, with Pan African reiterating its forecast for this year of between 180,000 to 190,000oz. Cobus Loots, chief executive, commented that the surface operations performed “exceptionally well”, with their sub US$900/oz AISC contributing significantly to Group production, cash flows and profits. More at #Proactive #ProactiveInvestors #panafricanresources #mining #gold http://ow.ly/g4JU105gOyC

With the current market turbulence, gold is once again a sought-after asset. Despite all the stock market volatility, long-term investors have been able to achieve stable returns of 8.5% per annum with the yellow metal since the 1990s. Precious metals are rarely an object of speculation but rather serve to maintain purchasing power in times of central bank-fueled inflation. West Africa has emerged as a major player in global gold production in recent years. Several countries in the region are among the world's largest gold producers, and the mining costs are unrivalled compared to other locations. Mali is currently Africa's third-largest gold producer and supplies over 50 tons of the yellow metal every year. The Canadian gold explorer Desert Gold Ventures Inc. sits like a spider in the web of the Senegal Mali Shear Zone (SMSZ) and is surrounded by major gold producers such as Barrick, Allied, Endeavour and B2 Gold. In the current year, 30,000 meters are being drilled and a feasibility study for mine construction is in progress. A good 1 million ounces of gold have been identified so far. The major mining companies around are already taking notice. A report by André Will-Laudien: https://lnkd.in/d9W8rfjy

This analysis provides a clear view of the shifts in global gold production, particularly highlighting the concerning decline in South Africa's ranking. The issues raised are critical and require immediate action. These challenges are not only hindering investment but are also stifling innovation and growth within the sector. For South Africa to reclaim its leadership position in gold production, it is crucial for stakeholders to drive strategic reforms. Addressing these issues will help create a more favourable environment that fosters sustainable growth and ensures the long-term viability of the industry. This serves as a broader reminder of the significant impact that governance and policy can have on the economic sectors and the importance of maintaining a conducive environment for development.

Visualizing Global Gold Production in 2023: A Focus on South Africa ⛏ A quick analysis of global gold production in 2023, so succinctly captured in this graphic from Visual Capitalist offers some insight into the global gold mining landscape: https://lnkd.in/dmC8HN45 Johannesburg, once the heartbeat of global gold mining, earned the moniker 'Egoli'—the City of Gold. Its deep-level mines were once the world's primary source of gold, playing a pivotal role in shaping South Africa's economy. However, the industry has faced significant decline over the years. **Key Insights from the Graphic: *Top Global Producers: China remains the world leader in gold production, with Russia, Australia, and the United States following closely. *South Africa's Decline: South Africa, despite its rich mining history, has seen a dramatic fall in gold production. From being the world's largest producer, the country has slipped to #9 in the rankings due to several challenges. **Factors Contributing to South Africa's Decline: *Poor Government Policy: Inconsistent and often detrimental government policies have hindered the growth of the mining sector. *Lack of Legislative Certainty: Uncertainty in mining legislation has created a challenging environment for investors and mining companies, impacting long-term planning and investment. *Absence of a Cadastral System: Unlike other leading mining countries, South Africa still lacks a comprehensive cadastral system. This absence complicates the management of mineral rights and hampers efficient resource allocation. **Impact on the Economy: The decline in gold production has had profound implications for South Africa's economy. The once-thriving industry now struggles with reduced output, impacting employment and economic growth. The need for legislative reform and better policy frameworks is critical to revitalizing this sector. Addressing the current challenges through improved governance and strategic reforms is essential for restoring some of this lost glory. #GoldProduction #Mining #Johannesburg #Egoli #CityOfGold #SouthAfrica #EconomicPolicy #LegislativeReform

“The diversified miner in its first forecast on the year ended Dec. 31 said it expects to post headline earnings per share, the most common profit measure in South Africa, of between 0.6 rand and 0.66 rand ($0.0318-$0.0349), down from 6.52 rand in 2022. Sibanye and peers including Anglo American Platinum AMSJ.J and Impala Platinum IMPJ.J saw a sharp fall in earnings in 2023 mainly due to a decline in the prices of palladium and rhodium. Sibanye, which has gold operations in South Africa and has diversified into clean energy minerals such as lithium, nickel and zinc, has restructured its PGM operations both in the United States and South Africa to keep a lid on costs in the current low-price environment. The restructuring could result in the loss of 4,095 jobs in Sibanye's South African PGM operations and 300 more in the United States. (…) The miner recognised impairments of 47.45 billion rand [$2.5 billion] due to the impact of weakening metal prices and operational challenges at its U.S. PGM and South African gold operations, as well as the Sandouville refinery.”

Recent gold project developments are delivering exceptional results across the globe. In Canada, Snowline Gold's Rogue project has revealed an impressive 2.38 g/t gold over 471.60 meters, starting just 3.00 meters below the surface, showcasing its near-surface potential. Strickland Metals' Rogozna project in Serbia is also making waves, with a promising 1.80 g/t gold intercept at a depth of 293.90 meters, hinting at large-scale mineralization. Additionally, Independence Gold's 3Ts project in Canada reported an outstanding 9.62 g/t gold over 26.00 meters from 96.00 meters depth, further emphasizing the strategic value of these assets in the global gold exploration landscape. Read the full insights to stay updated on these developments: https://lnkd.in/enE789F9 Snowline Gold Corp. (TSX-V:SGD)(OTCQB:SNWGF) STRICKLAND METALS LIMITED Independence Gold Corp (IGO) Lundin Gold Ecuador OceanaGold Corporation Red 5 Limited Sunstone Metals Limited Founders Metals Inc. Astral Resources Gold Basin Resources Corporation - TSXV: GXX, OTCQB: GXXFF #GoldExploration #MiningIndustry #AssayResults #ExplorationInsights #MiningNews #GoldMining #MineralExploration

Interestingly, while global gold mine production has seen a 26% increase since 2010, Africa has significantly outpaced this growth, witnessing nearly a 60% rise. Production has more than doubled in at least 10 African countries, with Mali standing out due to its vast, surface-level deposits. This geological advantage translates into lower production costs, and minimal drilling expenses, positioning Mali as a highly attractive jurisdiction for gold exploration and production. For commodity investors looking towards the future, Mali represents not just increased gold production opportunities but a testament to Africa's role as a crucial player in the global market. Follow us to learn more $WBGD

The fundamentals support gold, and an opportunity may sit with hugely undervalued gold stocks - particularly companies with well-funded, active, and successful projects in emerging gold districts. Oriole Resources PLC has proven the model for orogenic gold in Cameroon. In this under-explored jurisdiction, Oriole Resources PLC have published Cameroon's first-ever JORC-compliant gold resource on a previously un-drilled licence in the north (Bibemi). Oriole Resources PLC have also identified a significant corridor of gold anomalism and associated mineralisation in the Eastern CLP licence package - a 2,500km suite of 5 contiguous licences, all granted under the new mining code in 2021. This corridor stretches some 75km along strike and is around 15km wide. Recent results from independent due diligence on one of these licences, Mbe, by our partner BCM International Group returned evidence of significant and consistent mineralisation, with a peak of 254 g/t gold in rock chip samples. This package of licences was completely open/unlicenced ground before Oriole Resources PLC completed their countrywide prospectivity analysis during 2018/19 and made applications in September 2019, showing the potential Cameroon has for new discovery. Interested? Check out the Oriole Resources PLC website for more details and sign up to our news service. www.OrioleResources.com #cameroon #goldexploration

#PNN :ASX🇦🇺 #PEIMF : OTC🇺🇸 mineral resources exploration company with a portfolio of projects in key demand driven commodities, in high-quality mineral belts in #Argentina and South #Australia #australia #miningindustry #cobalt #gold #copper #lithium #nickel #newasx #tradingaustralia #australianfinance #invest #investingaustralia #ausstocks

Whatever the weather, gold remains a warming beacon of stability, security, and growth. 🪙⛏️ Consistently trading above $1900/oz, it recently soared to an unprecedented $2400/oz and is expected to maintain this upward trajectory. Today’s release of Predictive Discovery’s Bankan Gold Project in Guinea highlights a PFS boasting an NPV of $1.4 BILLION and an IRR of 41.7%. This further underlines the opportunities converging around this precious metal. Huge congrats to the Predictive Discovery team and the wider mining community in Guinea as they look to have a potential Tier-1 gold asset on their hands. This robust outlook is echoed globally, driven by geopolitical tensions and market dynamics, suggesting a promising horizon with gold prices expected to remain high into 2024 and beyond. Experts like Chris Weston from Pepperstone Group note a significant "geopolitical premium" influencing these trends. Australia is also poised for major growth, with several significant projects like Pantoro’s Norseman and Westgold’s Great Fingall ramping up, signaling a sustained demand for expert talent in mining. All in all, hugely promising signs and here at AER International, we're excited to connect top talent with these expanding opportunities. Whether you’re looking to advance your career or seeking to staff up your project with the best in the business, now is an exciting time to explore opportunities that gold's resilience is creating. Feel free to reach out to discuss how we can help you or your organization capitalize on this golden era of mining. #AERInternational #GoldenOpportunities #Miningjobs