Newcrest Mining on Thursday posted a 21.2% fall in first-quarter gold production as output declined at its flagship Cadia mine and the Lihir operations in Papua New Guinea due to maintenance activity

Production is scheduled to resume in June 2022.

Drilling has returned the highest-grade Cu-Au interval ever intersected at the Kwanika deposit in BC.

Exporters are required to surrender 40% of their foreign currency earnings to the central bank, in exchange for local currency at the official rate.

Kiaka is within 40 km of West African Resources' Sanbrado gold mine, which poured its first gold in March 2020.

The Block 14 project is considered to be one of the leading gold projects in Africa, with a net present value of over $1 billion at today's gold price.