Golden Star reports solid Q3 2020 gold production and EBITDA
Golden Star Resources Ltd. (NYSE American: GSS) (TSX: GSC) (GSE: GSR) (“Golden Star” or the “Company”) reports its financial and operational results for the third quarter ended September 30, 2020. Q3 2020 AND YEAR TO DATE HIGHLIGHTS: On September 30,...
Responsible Traceable ASM Gold Mining Supply Chain Next-Door in Coté d’Ivoire
After a first export of gold, IMPACT (https://IMPACTTransform.org/en/) and the European Union announced today that a traceability and due diligence system from mine site to the international market for artisanal gold from Côte d’Ivoire has been successfully implemented...
NIGERIA SETTING THE STAGE TO LEAD AFRICA IN THE GOLD INDUSTRY
For the past 62 years, Nigeria has drilled a total of 45 american trillion barrels of oil but has little to show for it in the socio-economic lives of the ordinary Nigerian. So, in 2000, the Obasanjo Government...
Nordgold leapfrogs in acquisition of Cardinal Resources’ Namdini
The Russian company, Nordgold, headquartered in the United Kingdom appears to be winning the battle of Namdini over the Chinese Miner Shandong. NordGold re-valued Cardinal Resources Namdini Gold Project at A$347 million based on 100% of the ordinary...
Parliament approves 14 mining leases to monetize the minerals income of Ghana.
Members of Parliament have backed mining lease agreements between the government and 14 mining entities under the Asaase Royalties Limited special purpose vehicle associated with the Royalty Monetization provision of the Minerals Income Fund Act of 2018 (Act...
Russia and China battle for Namdini in Ghana
by Raymond Kudzawu-D’Pherdd In June 2020, Shandong Gold Mining of China made an offer of A$0.60 a share in cash for Cardinal Resources Namdini Project. This offer beat a preliminary proposal announced by Nordgold in March 2020 of...
South Eastern Ghana experiences earth tremors on June 24, 2020.
By Raymond Kudzawu-D’Pherdd. Three separate earth tremors hit the south eastern part of Ghana on Wednesday June 24, 2020. They lasted for a period of about 10 minutes. The first of the tremors was felt across Accra, Tema,...
China’s Shandong all-cash buy up of Cardinal Resources
Cardinal Resources announced that it had entered into a bid implementation agreement with the Chinese Shandong Gold Mining on June 18, 2020 for the Namdini Project. Consequently, Shandong Gold Mining is said to have made a quick move...
Small Scale Miners in Ghana prepare to benefit from World Bank GASMFP and Government’s MMIP/LECITA
The unbridled informal mining activities and the associated environmental degradation in Ghana necessitated a prolong governmental ban on all artisanal and small scale mining activities in the country. This temporarily provided improvements in the country’s water bodies. Unfortunately,...
Best AISC Managed Gold Mines in Ghana: Akyem, Asanko & Iduapriem.
Using the “All-In-Sustaining-Cost” (AISC) which is a mining metric that estimates all direct and recurring costs required to mine a unit of ore, three best performing mines in Ghana appear on the West African Mining Province: they are...
A New Property of Gold has been discovered. What does this mean for the industry?
Researchers from the Max Planck Institute have discovered new two-dimensional semiconducting property of crystalline single atomic layers of gold when paired with equal thickness of silver. Metals are usually characterized by good electrical conductivity. This applies in particular...
Ghana loses its largest gold producer position in Africa to South Africa
By Raymond Kudzawu-D’Pherdd In spite of a 6% annual increase in production in 2019, Ghana lost her number one position in gold production on the continent in the first quarter of 2020. The country produced 700 koz of...