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Keywords: Gold


Managem reports stable revenue of 4.42 billion dirhams in first half of 2025

The Moroccan mining group Managem announced that its revenue reached 4.42 billion dirhams (MMDH) in the first half of 2025, showing near stability compared to the same period in 2024. According to its financial communication, the second quarter revenue stood at 2.09 billion dirhams, down from 2.47 billion......

Nasdaq hits record high as gold soars past $3,600 amid rate cut speculation

The Nasdaq Composite reached an all-time high on Monday, while gold prices surged beyond $3,600 per ounce for the first time, as investors bet heavily on Federal Reserve interest rate cuts following disappointing U.S. employment data. The tech-heavy Nasdaq gained 0.45% to close at 21,798.70, surpassing......

Major gold discovery in southern Morocco positions kingdom as emerging global producer

A significant gold deposit has been uncovered near Guelmim in southern Morocco, marking a historic milestone for the country’s mining sector. OLAH Palace Trading, a mining exploration firm, announced highly promising results from recent fieldwork, uncovering an extensive network of 34 hydrothermal......

Gold hits record $3,516 as stocks tumble amid trade fears

The price of gold surged to an unprecedented $3,516 per ounce on Tuesday, propelled by mounting economic uncertainty that drove investors away from equities. The precious metal briefly hit $3,516.31 during Asian trading before settling near $3,508.50, marking a significant milestone in its continued......

Guelmim gold discovery reshapes Morocco’s mining future

The discovery of high-grade gold veins in Guelmim, southern Morocco, marks a significant milestone in the country’s mining sector. Fieldwork has identified 34 quartz veins with exceptional gold content, positioning Guelmim as a potential hub for one of North Africa’s most promising gold deposits. High-grade......

EBRD invests $25 million in Morocco’s Boumadine mine to boost exploration

The European Bank for Reconstruction and Development (EBRD) has announced a $25 million loan to Canadian mining company Aya Gold & Silver Inc., aimed at advancing the exploration of the Boumadine polymetallic mine in Morocco’s Drâa-Tafilalet region. This marks a significant step in the......

Why Portugal surpasses Spain in gold reserves: An economic analysis

In a global landscape marked by economic and geopolitical uncertainty, gold has emerged as a pivotal strategic asset for many nations. Traditionally regarded as a safe haven, this precious metal plays a fundamental role in the financial stability of countries. Gold reserves enable central banks to support......

Aya Gold & Silver secures $25 million loan for Morocco mining expansion

Aya Gold & Silver has secured final approval from the European Bank for Reconstruction and Development (EBRD) for a $25 million secured credit facility. This funding will be directed towards the development of the Boumadine polymetallic project, enhancing the company's financial flexibility as......

Aya Gold & Silver's remarkable progress at Zgounder silver mine

Aya Gold & Silver is gaining remarkable traction at its Zgounder silver mine in Morocco. The Canadian mining company has reported significantly enhanced operational results for April, underscoring the growing strength of its primary mining site. Silver production at the Zgounder mine has surged......