Gold exchange-traded fund (ETF) investors liquidated 175 t in the first quarter of this year, representing the largest level of net quarterly outflows since the fourth quarter of 2013, says financial markets, data and infrastructure provider Refinitiv Metals Research. It was also the second ...

http://www.miningweekly.com/article/global-gold-etf-holdings-drop-in-the-first-quarter-2021-05-07

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Openpit mining ha started at the Morila gold mine, in Mali.

ASX-listed Firefinch on Thursday reported that some 100 000 t of ore from the Morila Pit 5 have already been hauled by contractor EGTF to the run-of-mine stockpiles, complementing the 530 000 t of ore mechanically mined from the tailings ...

http://www.miningweekly.com/article/mining-starts-at-morila-2021-05-13

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Gold developer Wiluna Mining Corporation has secured a further $42-million in funding after financier Mercurias credit committee approved the Tranche 2 loan.

Wiluna on Thursday told shareholders that the Tranche 2 loan has a 48-month tenor, with a grace period of six months before monthly ...

http://www.miningweekly.com/article/wiluna-secures-more-funds-for-wa-gold-mine-2021-05-13

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Toronto-listed Marathon Gold on Thursday announced a nonbrokered C$50-million private placement financing to support the continued advancement of its exploration and development activities at the Valentine project, in central Newfoundland.

The private placement financing consists of 14 285 714 ...

http://www.miningweekly.com/article/marathon-raises-c50m-for-newfoundland-gold-project-2021-05-14

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Junior Antilles Gold will raise A$3.2-million in a one-for-four renounceable rights issue, to further fund exploration work at its La Demajagua gold/silver project, in Cuba.

The rights issue will be priced at 6.5c a share, representing a 32% discount to Antilles last closing price, and a 30% ...

http://www.miningweekly.com/article/antilles-raises-cash-for-cuban-gold-2021-05-03

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Junior Tanami Gold has struck a joint venture (JV) agreement with gold miner Northern Star Resources to start mining the Groundrush deposit, at the Central Tanami JV, in the Northern Territory.

Under the terms of the agreement, Northern Start would purchase a further 10% stake in the project, for A...

http://www.miningweekly.com/article/northern-start-invests-a-further-a15m-in-tanami-central-2021-05-10

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Aim-listed Caledonia Mining recorded gross revenues of $25.7-million for the quarter ended March 31, with higher revenues year-on-year reflecting a higher realised gold price, offset by lower sales as a result of lower production. Revenues include the sales proceeds of 1 584 oz of gold in work-in-...

http://www.miningweekly.com/article/caledonias-lower-quarterly-production-offset-by-gold-price-2021-05-13

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Canadian miner Agnico Eagle will sell its indirect 55% interest in the Barsele project, in Sweden, to junior explorer and developer Barsele Minerals, which will hold 100% of the asset.

The companies, which announced the nonbinding letter of intent on Wednesday, said that Barsele would make a $45-...

http://www.miningweekly.com/article/agnico-eagle-to-sell-barsele-project-stake-to-jv-partner-2021-05-13

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Gold miner Resolute Mining has appointed Stuart Gale as MD and CEO effective immediately.

Gale, who was previously employed as company CFO, was appointed as interim CEO and MD in October last year, in October last year after John Welborn handed in his resignation...

http://www.miningweekly.com/article/gale-confirmed-as-resolute-boss-2021-05-14

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Ethiopia has cancelled 27 idle mining licences and sent warnings to three companies, the mines ministry said on Friday, as the government looks to spur production. Ethiopia has now cancelled 90 mining licences, including 63 it revoked in December...

http://www.miningweekly.com/article/ethiopia-cancels-27-idle-mining-licences-in-push-for-development-2021-05-14

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