Zijin Mining is finalizing a $4 billion all-cash acquisition of Allied Gold Corporation, tightening its grip on African gold output as prices surge. Under the agreement, Zijin Gold International will pay C$44 a share, valuing Allied Gold at about $4 billion. The assets produced about 400,000 ounces in 2025 and are expected to reach about…
Rio Tinto and Glencore are back in talks about a possible $260 billion megadeal Rio Tinto LONDON — European stocks were higher on Tuesday as global markets settled following a short-lived sell-off in cryptocurrencies and precious metals. By 1:00 p.m. in London (8:00 a.m. ET), the pan-European Stoxx 600 was 0.1% higher, with most sectors…
One kilogram and a five hundred gram gold bars next to one kilogram silver bars at The Vaults Group gold dealers arranged in Barcelona, Spain, on Monday, April 28, 2025. Bloomberg | Bloomberg | Getty Images Gold and silver prices rebounded on Tuesday after suffering a historic sell-off, with analysts suggesting that the recent corrections…
LONDON — European stocks are expected to open in negative territory as concerns over artificial intelligence and volatility in precious metals haunt global markets. The U.K.’s FTSE index is seen opening 0.5% lower, Germany’s DAX down almost 1%, France’s CAC 40 down 0.8% and Italy’s FTSE MIB also down by a similar amount, according to data…
A new arrest has been made in connection to the notorious 2023 gold heist in which millions of dollars’ worth of gold bars were stolen at Toronto Pearson Airport, Canadian police said Monday. Officers arrested and charged 43-year-old Arsalan Chaudhary when he arrived at the Toronto airport Monday on a flight from Dubai, United Arab…
New York — We’re pleased to announce the launch of the Africa-America Institute’s State of Education 2026 Conference – “Following The Gold Road–Global Medieval Africa in the Time of Ghana, Mali, and Songhai.” This exciting, free online conference, launching this month, spans 1,400 years of fascinating, under-recognized history created by our colleagues at AAI in…
The arrest of Venezuelan President Nicolás Maduro by the Trump administration has added a new layer of geopolitical uncertainty, reinforcing gold’s role as a global safe-haven asset and pushing prices to record levels. Gold rose more than 2.5% on January 5, climbing to nearly $4,450 an ounce. Since the start of 2025, prices are up…
Gold and silver have rallied this year — and prices keep climbing. Gold futures for February delivery rose settled 0.8% higher at $4,505.7, after hitting a record of $4,530.80 per ounce. Spot gold was up 1.03% to $4,491.23 per ounce. Meanwhile silver futures for March advanced 4.46% and was last seen at $71.62 per ounce, while spot silver was last trading…
Adapt IT Telecom’s Phillip du Plessis Imagine sitting on a gold mine and not even knowing it. That’s what many telecommunications companies are doing today. Across the industry, providers collect vast amounts of data – from location pings and app usage to payment histories and device types. Yet, despite this flood of information, most only…
Gold has been on a tear this year, and now a Goldman Sachs survey shows many investors think the precious metal will hit a new all-time high of $5,000 by the end of 2026. Gold prices have rallied 58.6% year-to-date, and broke through the landmark $4,000 level for the first time on Oct. 8. In…
