
Newmont reports record free cash flow in Q2 despite lower production
(Kitco News) - Despite a year-over-year decline in gold output, Newmont Corporation—the world’s largest gold producer—reported record quarterly free cash flow in the second quarter, fueled by significantly higher gold prices and disciplined cost control.

Platinum price rally pulls producers from the brink, Valterra CEO says
The platinum price rally during the first half of 2025 has helped most mines recover from loss-making positions but the industry is still far from adding new production, Valterra Platinum CEO Craig Miller said on Monday.South African miners, which account for over 70% of the world’s platinum supply, cut out unprofitable production over the past two years after metal prices collapsed, amid warnings that the industry was in terminal decline.

Ghana cancels $1.2 billion bauxite deal, eyes global partnership
Ghana has cancelled a $1.2 billion bauxite lease with local firm Rocksure International, seeking a partnership instead with a big overseas company to tap one of West Africa’s richest deposits, three sources with direct knowledge of the matter said.Potential partners include Dubai-based Emirates Global Aluminium (EGA) or a Chinese firm, two of the sources said.

US prioritizes recovery of critical minerals from mine waste
The US Interior Department on Thursday took steps to increase recovery of critical minerals, used in everything from electric vehicles to high-tech weapons, from mine waste, coal refuse, tailings and abandoned uranium mines.Interior Secretary Doug Burgum directed his department to streamline federal regulations on the recovery of the minerals such as rare earths, lithium and cobalt from the waste.