
Gold’s record rally spurs mining M&A, Trump targets U.S. mineral revival
(Kitco News) - Gold’s climb above $3,000 an ounce is triggering a wave of consolidation in the mining sector, with a flurry of high-profile deals in Australia and growing political momentum in the U.S. to revive domestic mineral production.

Kazakh miner Solidcore reports profit jump on high gold prices
Kazakh gold miner Solidcore on Monday said high gold prices and sales growth had almost doubled its net profit in 2024, but warned that the impact of sanctions on concentrate deliveries to Russia would hit first-quarter revenue.Solidcore, formerly Polymetal International, is the second-largest gold miner in Kazakhstan and expects to produce 470,000 gold equivalent ounces in 2025. The company sold its Russian assets in 2024 after its business there came under U.S. sanctions in response to Moscow’s military action in Ukraine.

KGHM fourth-quarter net result swings to profit
Poland’s biggest copper miner KGHM Polska Miedz posted on Wednesday a net profit of 1.56 billion zlotys ($402.11 million) for the fourth quarter compared to loss of 4.53 billion zlotys a year ago.Full-year 2024 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to 8.46 billion zlotys from 5.36 billion zlotys in 2023.Group revenue for the fourth quarter rose more than 17% to 9.18 billion zlotys, driven mainly by higher silver, gold and copper prices.

BofA raises gold price forecasts for 2025, 2026
Bank of America (BofA) has raised its gold period average forecasts for this year and next, while highlighting that uncertainty arising from US trade policies will continue to lend support to prices in the near-term.BofA now expects gold to trade at $3,063 per ounce (oz) in 2025 and $3,350/oz in 2026, it said in a note on Wednesday. This is an increase from its previous forecasts of $2,750/oz for 2025 and $2,625/oz for 2026.