Gold touches a two-month high near $4,450 on renewed rate-cut bets
Gold rallied to a two-month peak near $4,450 an ounce in early August 2026, its largest weekly gain since January, as traders reduced bets on a September Fed rate increase.
Gold rallied to a two-month peak near $4,450 an ounce in early August 2026, its largest weekly gain since January, as traders reduced bets on a September Fed rate increase.
Zijin Gold International's agreed takeover of Allied Gold lapsed before its 29 July 2026 deadline, and the two companies instead struck a smaller deal in which Zijin bought a 9.2% stake in Allied for about $295m.
World Gold Council data published on 30 July 2026 showed central banks bought 289 tonnes of gold in the second quarter, the strongest Q2 on record, even as ETF investment fell.
Endeavour Mining produced 564koz of gold in the first half of 2026 at an AISC of $1,871/oz, converting a $4,579/oz realised price into record free cash flow of $761m while its Mana mine in Burkina Faso lagged guidance.
Fortuna Mining has approved a $109m project to raise throughput at its Séguéla gold mine in Côte d'Ivoire by 30% to 2.3Mtpa, targeting more than 200,000oz a year over the next decade.
Perseus Mining says construction of its self-funded Nyanzaga gold project in Tanzania is progressing well, with first gold still targeted for the first quarter of 2027.
Newmont's second-quarter results show Ahafo North gold output climbing to 68,000oz while Ahafo South production nearly halved to 100,000oz as mining moved to lower-grade ore.
Caledonia Mining said its Blanket mine in Zimbabwe produced 17,360oz of gold in Q2 2026, up 18% on the first quarter, with grades rising further in July.
Burkina Faso has awarded an industrial mining permit for the Bouboulou gold project to a subsidiary of state miner SOPAMIB, with no private operator involved.
The Kiniero gold mine in Guinea produced 54,252oz in the second quarter of 2026, up about 38% on the first, as throughput ran at roughly 9Mtpa against a 6Mtpa nameplate.
The FTSE/JSE All Share Index fell on 8 July 2026 as a weaker rand and softer mining stocks outweighed a still-bullish gold price.
Aya Gold & Silver's Zgounder mine in Morocco produced 1.5-million ounces of silver in the second quarter of 2026, up 43% year on year, helping lift group revenue 151% to $96.8m.
West African Resources' Kiaka gold mine produced 133,274 ounces in the first half of 2026, keeping the company on track for annual guidance as Burkina Faso's government increases its equity stake.
Mali's transitional parliament has approved a law creating a new state agency, OMASP, to regulate and secure the sale of gold and other precious minerals amid huge estimated smuggling losses.
Gold's steepest monthly fall since 2008 in June 2026 cut nearly 25% off the JSE's precious metals and mining index in the second quarter, with AngloGold Ashanti, Gold Fields and Sibanye-Stillwater all sharply lower.
Aurum Resources has declared a maiden 1.21 million ounce probable ore reserve for its Boundiali gold project in Côte d'Ivoire, backed by a pre-feasibility study showing a post-tax NPV of $1.5 billion.
Fortuna Mining has delivered a feasibility study for its Diamba Sud gold project in Senegal showing a 60% after-tax internal rate of return and average production of 116,000 ounces a year.
The World Gold Council's 2026 Central Bank Gold Reserves Survey drew a record 76 responses, with 89% of reserve managers expecting global gold holdings to keep increasing.
Ghana's state gold board, GoldBod, signed an agreement with the Ghana Chamber of Mines on 25 June 2026 to purchase 30% of large-scale mining companies' gold output from 1 July 2026, to help rebuild the country's foreign reserves.
Sibanye-Stillwater warned that the Minerals and Petroleum Resources Development Bill's lack of transitional provisions for past empowerment deals could complicate licensing at its R2.7bn Burnstone gold project.
West Wits Mining finalised three loan facilities worth R1.115bn with Absa and Nedbank on 22 June 2026 to fund the ramp-up of its Qala Shallows gold mine.
Goldman 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.
Pan African Resources said multiple parties have approached it about co-investing in the Poplar gold project near Evander, an early-stage target estimated at 6.6 million ounces.
Turaco Gold has completed a pre-feasibility study for its Afema project in Côte d'Ivoire, outlining a 10.3-year mine producing about 200,000 ounces of gold a year.