The MiningWrap BriefNo. 27
Goldman Sachs slashes 2026 gold target back to $4,900
The week in African mining — 18 June 2026.
1MarketsGoldman Sachs slashes 2026 gold target back to $4,900Goldman Sachs cut its year-end 2026 gold price target from $5,400 back to $4,900 on 20 June 2026, citing fading ETF inflows and the removal of expected rate cuts.
2UraniumGoviEx holds week-long talks in Niamey over Madaouela uranium restartGoviEx Uranium and Niger's mining ministry held a week of technical and legal talks in Niamey in June 2026 aimed at drafting a new mining convention that could pave the way back to the Madaouela uranium project.
3LithiumZimbabwe lithium producers ask for six more months before concentrate banZimbabwe's Lithium Producers' Association has asked the government to push the concentrate export ban back to June 2027, saying most processing plants will not be ready by January.
4Iron OreSimfer and Baowu submit feasibility study for 2Mt Simandou pellet plantGuinea's Ministry of Mines and Geology on 18 June reviewed a feasibility study from Simfer and China Baowu Steel for a pellet plant with capacity of 2 million tonnes a year, meeting a Simandou co-development commitment.
5PGMMimosa revives $130m North Hill project as PGM prices reboundMimosa, the Impala Platinum and Sibanye-Stillwater joint venture in Zimbabwe, is reviving a $130m life-extension project after PGM prices recovered from the lows that forced its suspension in 2024.