Wagner-linked gold miner in Sudan halts operations over conflict

Gold prices are on track for a second consecutive yearly decline, with prices down more than $250 since March highs.

The United States' top environmental non-profit and a regional land trust have raised $20 million to permanently protect 44,000 acres of land.

The Bibiani and Chirano gold mines, situated 15 km apart in Ghana, are expected to produce a combined 400,000 oz. of gold next year.

The financing will almost cover the estimated C$368 million cost to build the project.

Gold steadied after rallying on Tuesday as the Bank of Japan’s unexpected yield-curve-control policy rattled markets and weighed on the dollar.

Ghanaian President Nana Akufo-Addo caused a controversy by stating last week that Burkina Faso had hired mercenaries from Russia's Wagner group to help it fight Islamist militants.

The Stog'er Tight probable mineral reserve is 726,600 tonnes at an average diluted gold grade of 1.97 g/t.

First ore from the Haile underground remains on-track for delivery in the fourth quarter of 2023.

Gold has risen above the key $1,800 level as the US dollar dropped after the Bank of Japan's surprise policy tweak.