Shanta Gold Limited’s Post

$𝟭𝗯𝗻 𝗚𝗼𝗹𝗱 𝗙𝗶𝗲𝗹𝗱𝘀 𝗖𝗵𝗶𝗹𝗲𝗮𝗻 𝗽𝗿𝗼𝗷𝗲𝗰𝘁 𝘀𝘁𝗮𝗿𝘁 𝗱𝗲𝗹𝗮𝘆𝗲𝗱 𝘁𝗼 𝗔𝗽𝗿𝗶𝗹 - Gold Fields postponed first gold production at Salares Norte project in Chile from December 2023 to April 2024 due to commissioning issues. - Unique challenges such as relocating critically endangered chinchillas and overcoming construction obstacles caused delays. - Production estimates for 2024 have been revised down to 220,000-250,000 ounces of gold equivalent. - The Chilean project, located in the Atacama region, is crucial for Gold Fields' presence in South America. - Gold Fields aims to produce around 600,000 ounces of gold annually starting from 2026 from the Salares Norte mine. - Chile's gold production has declined, ranking 23rd globally as of December 2023. Read the full story here… https://buff.ly/48qn8Pq #mining #gold

Read the article by The Northern Miner on Omai Gold Mines | TSXV: OMG | OTCQB: OMGGF's recent PEA: "Omai Gold targets Wenot deposit in Guyana for quicker turnaround, CEO says". $OMG $OMG.V #gold #juniormining #mining #Guyana #Geology #Prospecting #stocks #investing

Coverage stock West African Resources (ASX: WAF) is a great example of a junior company that can transition successfully from exploration to production status, having poured first gold at its Sanbrado gold project in Burkina Faso in March 2020, six months ahead schedule and US$20 million under budget. For 2024, the Sanbrado Project is expected to continue performing in line with the company’s long-term mining plan, with forecast unhedged production guidance of 190,000 to 210,000 ounces of gold at an AISC of less than US$1,300 per ounce. Site construction activity at the company’s second mine development, Kiaka, will see a major ramp up in 2024, with the project fully funded to first production. The project remains on schedule and on budget to see the first gold produced during the second half of 2025, which sets WAF on the path to becoming a +400,000-ounce gold producer from 2025 to 2032. In terms of the next steps, we await the release of the company’s updated Resources, Reserves and 10-year production plan over the course of the coming weeks. #gold #exploration #mining #burkinafaso #resources #commodities #equities #ausbiz

In 2023, the #mining sector in the #drcongo saw major developments, with notable performances in gold mining, particularly in the east of the country, where Primera Gold DRC sources its gold from 80 artisanal mining sites working with 25,000 miners grouped into 18 mining cooperatives. These efforts have increased artisanal #gold production to 154,324.8 ounces in fiscal 2023, compared with 1,199.31 ounces in 2022. In addition, the Kamoa-Kakula complex produced an impressive 394 kt of #copper concentrate, heralding an ambitious 2024 with the Phase 3 expansion. This expansion includes the integration of Africa's largest blister copper flash converter, targeting an impressive annual capacity of 500kt tonnes of high-purity blister copper anodes. In 2023, the Kamoa Copper S.A. complex also signed a strategic agreement to transport minerals along the Lobito Atlantic rail corridor, opening up a new export trade route between the African copper belt and Angola's Atlantic coast. The first shipment consisted of 1,100 tonnes of copper concentrate out of a planned 10kt, with the journey taking 8 days compared to the approximately 25 days needed by road to reach Durban, South Africa. The plan is to transport between 120Kt/year and 240kt/year of blister-anode or concentrate along this corridor, with a contract scheduled for a minimum of five years from 2025 after a start-up year in 2024.  In 2023, the global supply of mined cobalt increased by 23%. The DRC accounted for 80% of this growth, supplying around 37kt of additional #cobalt to the market. For example, CMOC enjoyed a meteoric rise in cobalt in 2023, with a remarkable 180% increase thanks to the commissioning of the KISANFU MINING SAS "KFM" mine in the second quarter of the year, enabling it to surpass Glencore, the world's largest cobalt producer.

Zimbabwe’s state-owned Kuvimba Mining House  is actively seeking equity partners and financiers to bolster capital for its gold and lithium mining projects. Managing Director Patrick Maseva-Shayawabaya revealed the company’s plans during a recent tour of the Freda Rebecca gold mine, located approximately 97 kilometres (60 miles) north-east of the capital, Harare. Kuvimba is considering selling a 40% stake in the Shamva Gold Mine, one of Zimbabwe’s oldest mining establishments. However, Maseva-Shayawabaya emphasised that the company is not looking to relinquish a majority shareholding in the venture. “We could accept someone who could take a big chunk (of shareholding in Shamva) but not a majority stake,” he stated. The discussions are still in preliminary stages, and specific partnership structures have yet to be determined. To read the full article follow this link: https://lnkd.in/gfiWhxGe #NewsUpdate #LatestNews #DailyNews #TopStories #LocalNews #CityNews #WorldNews #InternationalNews #GlobalNews #Politics #PoliticalNews #Government #Elections #BusinessNews #Economy #MarketUpdate #FinanceNews #TechNews #TechUpdate #Innovation #EntertainmentNews #CelebrityNews #MovieNews #MusicNews #SportsNews #SportsUpdate #LiveScores #GameDay #HealthNews #Wellness #MedicalNew #HealthUpdate #Environment #ClimateChange #Sustainability #GreenNews #LifestyleNews #TravelNews #FoodNews

--Company Update-- GOLDPLAT PLC, the AIM listed Mining Services Group, with international gold recovery operations located in South Africa and Ghana, servicing the African and South American Mining Industry, announces a Q3 operational update. The two recovery operations achieved a combined operating profit for the quarter of £1,618,000 (excluding listing and head office costs and foreign exchange losses) which represents a 10% increase against Q3 in the previous period (Q3 2023 - £1,470,000). Werner Klingenberg, CEO of Goldplat comments: "The Group continues to benefit from engagements and marketing efforts over the last five years and we aim to build on the momentum into West Africa and South America, although the regulations governing the export of gold bearing by-products out of certain regions remain a challenge. The requirements and approval of the water use license for installation of pipeline to DRD Gold remain a major focus for the Group, whilst we continue to strengthen our relationships, review various cost elements, and increase market share in a declining gold market in South Africa." RNS for more: https://lnkd.in/dkcvtHnz === Cc Tim Thompson #GDP

Coverage stock West African Resources (ASX: WAF) is a great example of a junior company that can transition successfully from exploration to production status, having poured first gold at its Sanbrado gold project in Burkina Faso in March 2020, six months ahead schedule and US$20 million under budget. For 2024, the Sanbrado Project is expected to continue performing in line with the company’s long-term mining plan, with forecast unhedged production guidance of 190,000 to 210,000 ounces of gold at an AISC of less than US$1,300 per ounce. Site construction activity at the company’s second mine development, Kiaka, will see a major ramp up in 2024, with the project fully funded to first production. The project remains on schedule and on budget to see the first gold produced during the second half of 2025, which sets WAF on the path to becoming a +400,000-ounce gold producer from 2025 to 2032. In terms of the next steps, we await the release of the company’s updated Resources, Reserves and 10-year production plan over the course of the coming weeks. #gold #exploration #mining #burkinafaso #resources #commodities #equities #ausbiz

2023 has a been an impactful year for the DRC's mining sector. Here are some key learnings: - Kamoa Copper S.A. confirmed its status as a global player in #copper production. Phase 3 expansion next year should give the company an even more prominent status on the world stage - CMOC delivred a +21.5% growth in copper production, but an even more impressive +180% growth in #cobalt production. They are the leading global cobalt producer, responsible for a little over 25% of world production - The swiss miner, Glencore, saw its Cu-Co production stay flat year-on-year - Alphamin Resources Corp (AFMJF) is seeing a flattening of its output. - Barrick Gold Corporation is seeing a very slight increase in its #gold production at Kibali - MMG Limited is witnessing a 10% decrease in its production, which stands far lower than its record 2020 production

DRC’s Mining Sector performance in 2023

Did you know? The #DRC’s main #economic #resource is its #mineral #deposits; mining produces almost nine-tenths of total #exports. The abundance of minerals was among factors that attracted European powers to Congo in the 19th century. #Loncor controls 4 million ounces of high-grade #gold resources with various projects in the #DRC. Learn more here: https://loom.ly/Ce70RGc TSX: LN | OTCQX: LONCF | FSE: LO51 #GoldInvesting #GoldStocks #Invest #Investment #GoldInvesting #Gold#Investment #GoldExploration #StockMarket #Mining #MiningNews