Deal will make the combined group a mid-tier gold miner producing around 400,000 ounces of gold a year in Western Australia.

Heavy rains since Saturday triggered the catastrophe in the Gorontalo province on the island of Sulawesi.

First-half net profit could reach up to $2.13 billion, up 50% year on year, the company said.

Newmont remains the top gold producer with 5.5 million oz. across its global operations, which span four continents.

China held 72.80 million troy ounces of gold at the end of June, unchanged from the end of May.

Teck Resources spent much of last year fending off Glencore’s $23 billion takeover attempt before the Swiss company opted instead to just buy the company’s steelmaking coal business.

The Reserve Bank of India added more than nine tons in June, based on calculations using weekly data from the bank.

Gold has shown impressive strength weathering 2024’s summer doldrums.