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Mining (311)

Canadian gold miner B2Gold has lowered the annual production guidance for its Otjikoto mine in Namibia to an average of 170 000 ounces from an average of 180 000 ounces.

Dundee Precious Metals is reviewing its full-year guidance for its Namibia based, Tsumeb smelter after it produced 21 100 t of concentrate in the second quarter, taking the year-to-date total volume of concentrate produced to 68 300 t; while full-year guidance for the smelter ranges between 210 000 t and 240 000 t.

Trigon Metal says its Kombat Mine is advancing towards achieving commercial production.

AfriTin Mining has secured a N$100 million loan from the Development Bank of Namibia (DBN) to boost production at its Uis tin mine to a million tonnes per year.

Trustco Group Holdings and its partners have been offered N$817.3 million (US$50 million) to offload their 70% stake in a Sierra Leone diamond mining company, Meya Mining.

B2Gold Mining Investments Limited has agreed to receive Osino Resources Corporation shares instead of a N$245.1 million payment for its Ondundu gold exploration property.

Namibia’s Mining Index for other non-ferrous metal ores increased by 19.4% in the first quarter of 2022 after rising to 185.2 basis points compared to 155.1 basis points recorded in the same quarter last year, figures from the Namibia Producer Price Index (NPPI) show.

The world's leading diamond company, De Beers, says it generated N$10.5 billion (US$650 million) in its fifth cycle sale of gems, including some from Namibia.

Global Emerging Markets Group (GEM) has emerged with a 78% shareholding in Sperrgebiet Diamond Mining after an equity transaction with founding Namibian shareholders, Lewcor Holdings and its minority partners, David Sheehama and MSF Commercials as part of a capital raising initiative.

AfriTin Mining Limited has recorded a 13% increase in tin production at its Uis mine in Namibia in the first quarter ended 31 May 2022.