The company's gold reserves are pegged at 12.9 million ounces.

This pressured gold as Powell looks to stay the course in holding rates higher for longer, said analyst.

Richard Jordinson will replace Marcelo Godoy, who since July has been the interim COO following the retirement of Ludwig Eybers.

Foremost currently holds five hard-rock lithium exploration projects totalling 221.6 square kilometres in the Snow Lake mining district of Manitoba.

Aton is aiming to develop the next Egyptian gold mines at Abu Marawat, located 200 km north of Centamin's world-class Sukari gold mine.

Proven and probable ore reserves are now estimated at 3.4 million ounces, up from a year ago estimate of 3.3 million ounces.

Gold isn’t losing its allure, according to a dozen money managers who all told Bloomberg News they expect to maintain or raise their exposure.

Some of Mali's top gold producers said a new law to allow the military-led government to increase its ownership of mines should not apply to existing operations.