Author

admin

Browsing

Africa’s electric vehicle (EV) market is accelerating. But so far, one particular group of potential users — rural women — has largely been left behind, with investors favoring electric motorbike start-ups that serve a predominantly urban and male clientele. One company thinks it has the answer: electric tricycles.

“The boys with the two-wheelers get all the money,” said Shantha Bloemen, founder of Mobility for Africa, a Zimbabwean start-up with a 77% female customer base and one of a handful of EV companies in Africa operating solely in rural areas. Bloemen exclusively supplies tricycles, generally preferred by female riders in rural areas due to their non-straddling seat and greater stability on uneven roads. “Three-wheelers mean you’re inclusive of women,” she said.

Bloemen sees tricycles as the key to unlocking for rural women the potential of Africa’s EV market, which is expected to grow to $28.3 billion by 2030, according to data from Mordor Intelligence. She wants the continent to follow in the footsteps of Asia-Pacific, where tricycles are popular. “I want to be everywhere,” she said, “I want to be the queen of tricycles.”

For her customers, the vehicles, designed to cope with the unsurfaced roads, are transformative. “It has changed (our) way of life,” said Beauty Simango, 33, resident of the Zimbabwean village of Hauna and, since May last year, one of more than 300 people to lease or buy an electric tricycle from Mobility for Africa.

Simango no longer spends hours each day walking to fetch water or deliver crops to the market. By transporting goods and running a taxi service, her weekly income has increased from $30 to $150, although she now pays $65 towards her lease and regular battery swapping. Within 12 months, she will have paid off the price of the vehicle ($2,340). With her weekly profit, Simango pays her children’s school fees and funds farming projects. “It has helped our self-esteem as women,” she added.

But Mobility for Africa has struggled with a lack of investment. While Bloemen has raised a total of $6 million since 2019, half of which is from grants, including $380,000 from the Toyota Mobility Foundation, companies selling motorbikes in cities have been far more successful. Ampersand in Rwanda, whose clientele is, according to CEO Josh Whale, “overwhelmingly” male, raised over $21 million in a single year ending in August 2024. Spiro, the giant of the sector, has tens of millions of dollars in financing.

Most EV companies are focused on urban areas due to greater population density, said Tom Courtright, research director at the Africa E-Mobility Alliance think tank. Currently, most electric bikes and trikes must regularly swap their batteries at purpose-built facilities (Mobility for Africa currently has six such facilities) — but the cost of building and running these facilities can deter investors in areas with low populations. Currently, Courtright said, “urban areas are a better bet.”

For now, women in rural Africa must wait for the EV revolution to reach them. “Things are definitely moving in that direction,” said Ampersand’s Whale, “it’s just that the low hanging fruit is in the cities.”

This post appeared first on cnn.com

The Defense Department’s (DOD) deputy chief of staff was placed on administrative leave on Tuesday, following the steps of another Pentagon official earlier in the day.

Darin Selnick, the deputy chief of staff for Defense Secretary Pete Hegseth, has been removed, a senior U.S. official confirmed to Fox News.

Selnick is under investigation for the same leak probe that saw Hegseth aide Dan Caldwell escorted out of the Pentagon by security. Both Selnick and Caldwell are on administrative leave.

According to the Pentagon’s website, Selnick is a retired Air Force officer who has worked extensively in veterans’ affairs organizations.

‘Mr. Selnick leverages his extensive government and non-government experience advocating for veterans to position Service members for productive post-separation lives from the first day they put on a uniform,’ the biography states.

Both Selnick and Caldwell worked for Concerned Veterans for America in the past, a group formerly led by Defense Secretary Pete Hegseth.

Reuters reported that Caldwell was placed on leave for an ‘unauthorized disclosure,’ as part of an investigation into leaked Pentagon documents.

The probe was announced last month, and concerned itself over ‘recent unauthorized disclosures of national security information.’ 

‘The use of polygraphs in the execution of this investigation will be in accordance with applicable law and policy,’ DOD Chief of Staff Joe Kasper wrote in a memo at the time. ‘This investigation will commence immediately and culminate in a report to the Secretary of Defense.’

An official told Politico that the leak concerned Panama Canal plans and Elon Musk’s visit to the Pentagon, among other matters.

More information about the leak is unknown, and there is currently no evidence to connect Caldwell or Selnick to that leak.

Fox News Digital’s Morgan Phillips contributed to this report.

This post appeared first on FOX NEWS

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) (‘Lode Gold’ or the ‘Company’) is pleased to announce that it has closed on its first tranche of its non-brokered private placement offering. The Company has raised $790,186 through the issuance of 4,389,922 Units at a price of $0.18 per Unit. The cash raised will be used for the execution of the 2025 business plan and general working capital. In Yukon, the Company will conduct field work, including geological mapping, soil sampling, and channel sampling to advance drill target development. In California, the funds will support the completion of a 2025 Preliminary Economic Assessment( PEA) focused on bulk mining, underground channel sampling to upgrade resources, and moving towards the pre-feasibility study (PFS) at the Fremont project.

Each $0.18 Unit shall consist of one common share and one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share at an exercise price of $0.35 per common share for a period of three years following the date of closing. The Company may accelerate the expiry date if the shares trade at $0.65 or more for a period of 10 days, including days where no trading occurs.

Lode Gold is extending the closing date of its private placement to April 30, 2025, for the second tranche. The Company may sell additional Units in the offering in one or more subsequent closings, on or before this date. Closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including acceptance by the TSX-V.

The Units were offered by way of private placement pursuant to exemptions from prospectus requirements and in accordance with National Instrument 45-106, Prospectus Exemptions. All securities issued in this closing are subject to a four month hold period, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States. In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km2 across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 445 km2 and a 44 km strike. McIntyre Brook covers 111 km2 and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold’s Queensway Project. Riley Brook is a 335 km2 package covering a 26 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.

In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 10.7 g/t Au in the 1930’s. Mining was halted in 1942 due the gold mining prohibition in World War Two (WWII) just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 8% of the veins have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont. The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in creating the towns, businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail. An NI 43-101 MRE has been reported on March 5, 2025. A complete technical report will be filed 45 days later on SEDAR+.

Previously, in March 2023, the company completed an NI 43-101 Preliminary Economic Assessment (‘PEA’) for the Fremont Gold project. A sensitivity to the March 31, 2023 PEA at USD $2,000/oz gold gives an after-tax NPV of USD $370M and a 31% IRR over an 11-year LOM. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized. All NI 43-101 technical reports are available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and the Company’s website (www.lode-gold.com)

ON BEHALF OF THE COMPANY

Wendy T. Chan
CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1-(604)-977-GOLD (4653)

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (604) -977-GOLD (4653)

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.

Cautionary Statement Regarding Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: that the Company and GRM will be able to negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction, that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the transaction will provide the expected benefits to the Company and its shareholders.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make submissions to the CSE and TSXV within the timeframe expected, the failure of the Company and GRM to obtain shareholder approval for the transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading ‘Risks and Uncertainties’ in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248662

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

White House aides are quietly floating a proposal within the House GOP that would raise the tax rate for people making more than $1 million to 40%, two sources familiar with discussions told Fox News Digital, to offset the cost of eliminating tips on overtime pay, tipped wages, and retirees’ Social Security.

The sources stressed the discussions were only preliminary, and the plan is one of many being talked about as congressional Republicans work on advancing President Donald Trump’s agenda via the budget reconciliation process.

Trump and his White House have not yet taken a position on the matter, but the idea is being looked at by his aides and staff on Capitol Hill.

Meanwhile House GOP leaders including Speaker Mike Johnson, R-La., have publicly opposed the idea of any tax hikes.

‘I’m not a big fan of doing that. I mean, we’re the Republican Party and we’re for tax reduction for everyone,’ Johnson said on ‘Sunday Morning Futures.’

One GOP lawmaker asked about the proposal and granted anonymity to speak candidly said they would be open to supporting it but preferred a higher starting point than $1 million.

They said the reaction was ‘mixed’ among other House Republicans. But not all House GOP lawmakers are privy to the discussions, and it’s not immediately clear how wide the proposal has been circulated.

Nevertheless, it signals that Republicans are deeply divided on how to go about enacting Trump’s tax agenda.

Extending Trump’s 2017 Tax Cuts and Jobs Act (TCJA) and enacting his newer tax proposals is a cornerstone of Republicans’ plans for the budget reconciliation process.

By lowering the Senate’s threshold for passage from 60 votes to 51, it allows the party in power to skirt opposition to pass a sweeping piece of legislation advancing its own priorities – provided the measures deal with tax, spending, or the national debt.

Extending Trump’s tax cuts is expected to cost trillions of dollars alone. But even if Republicans use a budgetary calculation to hide its cost, known as current policy baseline, they will still have to find a path forward for new policies eliminating taxes on tips, overtime pay, and retirees’ Social Security checks.

Hiking taxes on the ultra-wealthy could also serve to put Democrats in a tricky political situation in forcing them to choose between supporting Trump’s policies and opposing an idea they’ve pushed for years.

The top income tax rate is currently about 37% on $609,351 in earnings for a single person or $731,201 for married couples. 

But raising the rate for millionaires could be one way to pay for Trump’s new tax policies.

House Freedom Caucus Chairman Andy Harris, R-Md., one of the deficit hawks leading the charge to ensure new spending is paired with deep cuts elsewhere, said ‘That’s one possibility.’

‘What I’d like to do is I’d actually like to find spending reductions elsewhere in the budget, but if we can’t get enough spending reductions, we’re going to have to pay for our tax cuts,’ Harris told ‘Mornings with Maria’ last week.

‘Before the Tax Cuts and Jobs Act, the highest tax bracket was 39.6%, it was less than $1 million. Ideally, what we could do, again, if we can’t find spending reductions, we say ‘Okay, let’s restore that higher bracket, let’s set it at maybe $2 million income and above,’ to help pay for the rest of the president’s agenda.’

But Johnson’s No. 2, House Majority Leader Steve Scalise, R-La., again poured cold water on the idea Tuesday.

‘I don’t support that initiative,’ Scalise told ‘Mornings with Maria,’ though he added, ‘everything’s on the table.’

‘That’s why you hear all kind of ideas being bounced around. And if we take no action, then you’d have over 90% of Americans see a tax increase,’ Scalise warned.

Bloomberg News was first to report House Republicans’ 40% tax hike proposal.

When reached for comment, the White House pointed Fox News Digital to comments by Press Secretary Karoline Leavitt earlier on Tuesday when she said Trump had not made up his mind on another proposal to raise the corporate tax rate.

‘I’ve seen this idea proposed. I’ve heard this idea discussed. But I don’t believe the president has made a determination on whether he supports it or not,’ Leavitt said.

Fox News Digital also reached out to Johnson’s office for comment.

This post appeared first on FOX NEWS

Peru’s former First Lady Nadine Heredia requested asylum at the Brazilian Embassy in Lima on Tuesday, the same day she and her husband, former President Ollanta Humala, were sentenced to 15 years in prison on money laundering charges.

The embassy informed Peru that Heredia had arrived Tuesday morning, according to a statement from the Peruvian Foreign Ministry. It’s unclear if she entered the facility before or after the sentence was announced by the Peruvian Judiciary.

The trial relates to alleged illicit contributions to Humala’s election campaigns in 2006 and 2011.

Prosecutors had alleged that Humala’s Nationalist Party received illicit contributions from the Venezuelan government and the Brazilian construction company Odebrecht to finance his campaigns.

Humala and his wife had previously denied any wrongdoing.

Humala was in attendance as a judge read out the verdict on Tuesday, three years after the trial began. Heredia did not attend.

Moments after the ruling was announced, the judiciary ordered Humala to start serving his sentence immediately and be sent to prison.

“The panel has said that the illegality of the crimes can be verified along the way – that is inadmissible. Here, in oral trial and in sentencing, affirmations must be made, no longer presumptions,” he argued.

Prosecutors were seeking 20 years in prison for the former president and 26 years for the former first lady.

This post appeared first on cnn.com

Ecuador has been requesting foreign military support for months, saying that its fight against gangs is a “transnational war” that requires the contribution of multiple countries.

Noboa said that while his administration “would love to have” US forces in Ecuador, he insisted that they would not be out patrolling the streets. Instead, they would play a supportive role in Ecuador’s security operations.

“We would like to cooperate with US forces, and I think there are many ways that we can do that, especially in monitoring illegal operations that move out of Ecuador, but the control of the operations will be in the hands of our military and our police,” he said.

The US has previously carried out operations in that area. From 1999 to 2009, it ran surveillance flights targeting drug routes in the eastern Pacific at the now-defunct Manta Air Base.

He said the US had been waiting until the outcome of Sunday’s election to resume talks. Noboa won the vote decisively against leftist lawyer Luisa González, having campaigned on a promise to restore security with a hardline approach and revitalize the economy.

Noboa, who was born and educated in the United States, has been trying to boost cooperation with Washington on various issues – from trade to migration. On the latter issue, he says he wants to improve living conditions at home to incentivize Ecuadorians to remain in the country, instead of migrating to the US.

Asked whether his relationship with US President Donald Trump is comparable to the one Trump has cultivated with El Salvador’s strongman President Nayib Bukele – who has agreed to take in deported migrants from the US accused of violent crimes – Noboa said his situation is different.

“My case is different than El Salvador’s case. And we both respect each other. We both support each other, but at the same at the same time, different realities. And we need to view things according to each country and each country,” he said, noting that he has invited both Trump and Bukele to his inauguration on May 24.

Asked whether another meeting with US officials was on the horizon, he replied, “Yes, I think sooner (rather) than later.”

The national police says the start to the year has been the most violent in the country’s history, with more than 2,500 homicides. Data from organized crime research center InSight Crime suggests Ecuador now has the highest homicide rate in Latin America, with nearly twice as many killings as Mexico. The surge has been fueled by drug trafficking routes, turf wars and alliances between local gangs and foreign cartels.

In March, Noboa also announced a “strategic alliance” to fight organized crime with Erik Prince, the founder of the controversial private defense contractor formerly known as Blackwater.

This post appeared first on cnn.com

Hertz is notifying customers that a data hack late last year may have exposed their personal data.

The rental-car giant said an analysis of the incident that it completed on April 2 found the breach affected some customers’ birthdates, credit card and driver’s license data and information related to workers’ compensation claims.

The hack occurred between October and December 2024, Hertz said, adding that “a very small number of individuals” may have had their Social Security numbers, passport information and Medicare or Medicaid IDs impacted as well.

The company didn’t disclose how many of its customers were affected by the cyberattack.

Hertz said the hackers accessed the information through systems operated by Cleo Communications, one of its software vendors, and said it was one of “many other companies affected by this event.”

Cleo didn’t immediately respond to a request for comment.

“Hertz takes the privacy and security of personal information seriously,” the company said in a statement, adding that it has reported the breach to law enforcement and is also alerting the relevant regulators. It’s offering two years of free identity-monitoring services to Hertz customers affected by the breach.

This post appeared first on NBC NEWS

President Donald Trump is seeking to combat soaring prescription drug prices in a new executive order he signed Tuesday. 

The order instructs Robert F. Kennedy Jr.’s Department of Health and Human Services (DHS) to standardize Medicare payments for prescription drugs — including those used for cancer patients — no matter where a patient receives treatment. This could lower prices for patients by as much as 60%, according to a White House fact sheet.

Likewise, the order also calls to match the Medicare payment for certain prescription drugs to the price that hospitals pay for those drugs — up to 35% lower than what the government pays to acquire those medications, the White House said. 

The order also takes steps to lower insulin prices. Specifically, the order calls for lowering insulin prices for low-income patients or those that are uninsured to as little as three cents, and injectable epinephrine to treat allergic reactions to as low as $15, coupled with a ‘small administrative fee,’ according to a White House fact sheet. 

Additionally, the order attempts to drive down states’ drug prices by ‘facilitating importation programs that could save states millions in prescription drug prices,’ as well as bolstering programs that assist states secure deals on sickle-cell medications in Medicaid, the fact sheet said. 

The order also requires DHS to seek comment on the Medicare Drug Price Negotiation Program, which the Biden administration authorized under the Inflation Reduction Act and allows Medicare to directly engage in hashing out prescription prices with drug companies. 

‘The guidance shall improve the transparency of the Medicare Drug Price Negotiation Program, prioritize the selection of prescription drugs with high costs to the Medicare program, and minimize any negative impacts of the maximum fair price on pharmaceutical innovation within the United States,’ the order said. 

Drug prices have significantly ramped up in recent years. Between January 2022 and January 2023, prescription drug prices rose more than 15% and reached an average of $590 per drug product, according to the Department of Health and Human Services. Of the 4,200 prescription drugs included on that list, 46% of the price increases exceeded the rate of inflation. 

Previous efforts under the first Trump administration to curb prescription drug prices included installing a cap on Medicaid prescription drug plans for insulin at $35. 

Meanwhile, Trump’s 145% tariffs on Chinese imports to the U.S. could mean that healthcare costs are particularly susceptible to price increases. Market research group Black Book Research found that 84% of experts predict that prices for medical treatments and drugs will rise due to the tariffs, according to a survey released in February. 

Additionally, Trump signaled Monday that tariffs on the pharmaceutical were headed down the pipeline. 

‘We don’t make our own drugs anymore,’ Trump told reporters Monday. ‘The drug companies are in Ireland, and they’re in lots of other places, China.’

Trump signed the executive order Tuesday, along with others that seek to prevent illegal immigrants from accessing Social Security benefits, and another one calling to investigate the impact of imported processed mineral on national security. 

Tuesday’s executive order comes days after the Department of Health and Human Services’ Centers for Medicare and Medicaid Services told states Thursday that the federal government would cease assistance to states to fund nonmedical services geared toward things like nutrition for those enrolled in Medicaid. 

Fox News’ Alec Schemmel contributed to this report. 

This post appeared first on FOX NEWS

Mali’s government has shut down Barrick Gold’s (TSX:ABX,NYSE:GOLD) office in the capital, Bamako, as part of an escalating dispute over alleged non-payment of taxes, sources familiar with the matter confirmed to Reuters.

The closure marks a significant development in a long-running standoff between the Canadian mining giant and the West African country, which has seen tensions rise over mining revenues and the implementation of Mali’s new mining code.

The latest development, which saw staff in Bamako locked out of the company’s offices, is linked to a separate tax dispute that has been brewing since 2023.

Barrick signed an agreement with Mali’s government in February to end the nearly two-year-long conflict. This agreement, however, still awaits official approval from Malian authorities.

One source close to the situation noted that the closure of Barrick’s Bamako office did not affect Barrick’s Loulo-Gounkoto mining complex, located in the western part of Mali.

Barrick suspended operations at Loulo-Gounkoto after the Malian government seized around 3 metric tons of gold in January, as the government accused the company of failing to meet its tax obligations.

This move was part of an ongoing battle between Barrick and the Malian government, which has been blocking the company’s gold exports since November 2024.

The company released a statement addressing the office closure, and stated that the Malian government is also ‘threatening to place the Loulo-Gounkoto mine under provisional administration unless the mine was reopened and tax payments were made.’

The company said is prepared to honor the agreement and restart production once the government finalizes it. ‘Its conclusion now appears to be obstructed by a small group of individuals placing personal or political interests above the long-term interests of Mali and its people,’ Barrick wrote in the release.

Barrick has transferred nearly 40 Malian staff members from the Loulo-Gounkoto mine to the company’s Kibali mine in the Democratic Republic of Congo, with plans to transfer up to 100 employees.

This move suggests that the resumption of operations at Loulo-Gounkoto may not happen in the immediate future, leaving a cloud of uncertainty hanging over the mine’s future.

The closure of Barrick’s Bamako office is only the latest chapter in the tense relationship between the mining giant and the military-led government in Mali, which took power following coups in 2020 and 2021.

Since then, Mali has taken a more assertive stance in its dealings with foreign companies, especially in the mining sector, and the country is one of Africa’s leading producers of gold.

The suspension of operations at the Loulo-Gounkoto complex, which produces a significant portion of Mali’s gold, has raised concerns about the country’s future output.

Mali’s mines ministry has already forecast a slight recovery in industrial gold output in 2025, with an expected rise to 54.7 metric tons of gold from the 51.7 metric tons produced in 2024. However, the ministry included Loulo-Gounkoto production in its calculations.

In February, Barrick’s CEO, Mark Bristow, said that the company’s operations would be able to resume once it could export its gold again. However, in its annual report released in mid-March, Barrick acknowledged that the timeline for a resolution remained uncertain, and as such did not include the mine in its production guidance for 2025.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Keep reading…Show less
This post appeared first on investingnews.com