Chifeng Jilong Gold Mining has agreed to acquire Ghana-focused gold miner Golden Star Resources via a statutory plan of arrangement for US$470 million. The deal, which is to be executed by a majority-controlled unit of China’s Chifeng, will see Golden Star shareholders receive $3.91 for each...
TSXV-listed explorer Newcore Gold has seen its share price rise after yesterday announcing results from a 66,000 metre drill programme at its 100%-owned Enchi Gold Project in Ghana, West Africa. The programme targeting the Boin Gold deposit intersected the highest grade interval recorded to date on...
The latest exploration drilling conducted by West African gold producer Perseus Mining has ‘demonstrated potential for organic growth of gold inventories across its multi-mine asset portfolio'. In an update to the ASX, Perseus reported ‘encouraging results’ at the Govisou prospect, located 3 km from its Yaouré...
LSE-listed Capital Ltd has described the current trading conditions as ‘the best in its history’, amid releasing its full-year financial results for the COVID-impacted 2020. The Africa-focused mining services firm said demand for drilling services – its traditional service offering – increased strongly from the last...
Endeavour Mining has underlined its prospects for organic growth after completing a positive pre-feasibility study (PFS) for its two most advanced gold projects in West Africa. The Fetekro project in Côte d’Ivoire has the potential to be a future cornerstone mine for Endeavour, the company said,...
A company led by American-Senegalese rapper Akon has signed a deal to help finance a copper and cobalt mine in the Democratic Republic of Congo (DRC), according to a contract published by the mines ministry. The aforementioned document released by the ministry cites a US-registered firm...
South African newspaper the Sunday Times has published its annual Top 100 Companies of the Year Awards, which has ranked miner DRDGold as the best performing stock on the Johannesburg Stock Exchange (JSE) over the last five years. DRDGold was one of 13 mining companies placed...
Endeavour Mining is currently in ‘merger of equals’ discussions with fellow West Africa-focused miner Teranga Gold, a move that would create a dominant gold producer in the region. TSX-listed Endeavour responded to recent media speculation with an announcement today that confirmed talks were ongoing with Teranga,...
Canadian engineering and construction firm SNC-Lavalin has entered into an agreement to sell its South African resources business as part of a corporate restructuring. Montreal-based SNC will sell the business, which has around 1,800 employees and primarily services construction and site maintenance clients, to local management...
Nigeria has made key changes to its gold mining regulation, including the legalising of artisanal mining and the creation of gold buying centres, as the government looks to cash in on the informal sector. President Muhammadu Buhari said last week that the state hopes to earn...