That’s more than all the gold ever discovered in the world. However not a word from the Western media. The extraordinary discovery of gold mines in Uganda for an estimated total of 31 million tons, of which 320,000 are said to be ready to be extracted at first, has not yet deserved a…Continue reading31 millions tonnes of gold (13 trillions dollars) discovered in Uganda.
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New gold mine in tanzania.
Extensive exploration activities have led to new gold discoveries in the region of Tanzania surrounding Lake Victoria, and new mines are expected to start operating in the coming years. The Tanzanian government is hoping to raise significant income by granting more production licenses. Increased mining income should help the…Continue readingNew gold mine in tanzania.
It has been widely reported that ballooning capital costs on core development projects have inspired majors to pull back on 2023 spending programs. As has been covered in these pages, disappointment over nasty cost escalations has hobbled the shareprice of many majors and helped set in motion almost as many…Continue readingExploration spending decisions by miners slower than expected.
The British Columbia Securities Commission issued an investors alert on Mission Mining, a Nevada company that trades on the OTC Pink Sheets in the US, for reporting a resource estimate that claims to be compliant with National Instrument 43-101, a Canadian standard that includes rules on how to report…Continue readingQuestionable resource report claiming massive gold-silver resource in Nevada.
Gold mining executives came in for some criticism on the first day of this year’s Mines & Money conference, for among other things a lack of foresight and reaping too much of the benefit. Gold mining executives came in for some rather harsh criticism on the first day of…Continue readingGold mining executives come under fire.
U.S. gold production dropped 4% in the first five months of this year, the U.S. Geological Survey said Thursday in its Mineral Industry Surveys gold report. Total domestic gold production for the period from January through May was 89,200 kilograms (2,867,846 troy ounces). The state of Nevada led U.S.…Continue readingU.S. gold production is down.