Under terms of the merger that created the world's third-largest gold producer, the reconstituted miner has earmarked $324m for exploration in 2022.

Meanwhile, another precious metal, palladium, has been enjoying monstrous gains over the past week.

The accident took place Monday in Gaoual, about 386 km from the capital Conakry.

Sibanye's profit increased by 13% in 2021 to 33.1 billion rand ($2.16 billion).

The company said in a statement it is suspending all activities at its Udinsk development project.

Steel company Evraz Plc and gold miner Polymetal International will be removed from the blue-chip index as of March 21.

Bullion is coming off its best monthly performance since May 2021.

International sanctions limit the ability of Russian domestic banks to purchase Kinross’s produced gold.