While South Africa was the world’s biggest producer of gold for decades, production has slumped as its deposits get deeper and more expensive to access.

Since the start of 2022, inflation concerns have jump-started a fresh wave of gold buying.

"The report provides some optimism that inflation could be peaking here," OANDA analyst says.

NFG's flagship asset is the 100%-owned Queensway project in Newfoundland.

The Fruta del Norte mine produced 121,665 oz. of gold, a 16.8% improvement over Q1 2021.

Lax supervision and outright support of informal mining by Brazilian authorities were behind a 46% jump in Yanomami land degradation last year, report shows.

Alexey Vostokov has held a number of executive positions within the company's corporate division.