Tag: Gold

BusinessEngineeringManufacturing

Mpumalanga Gold Project Accelerates Construction, Targets 2026 Commissioning

Construction is accelerating at the TGME gold mine project in Mpumalanga with contractors mobilized and earthworks underway. The project reportedly aims to commission its processing plant by late 2026, creating over 500 jobs and targeting production of 1.24 million ounces of gold over its mine life.

Project Acceleration and Construction Milestones

The development of the TGME gold mine project in South Africa’s Mpumalanga province is reportedly gaining significant momentum, with construction activities accelerating at the carbon-in-leach section and associated retaining walls. According to reports from Sydney-listed Theta Gold Mines, contractors have been fully mobilized and site earthworks are now actively transforming the historic mining site into a modern gold production facility.

by Darren Holt
BusinessEconomy

HSBC Bullish on Freeport-McMoRan as Copper Demand Surges

HSBC has upgraded Freeport-McMoRan shares to buy, citing stronger metal price assumptions and supply constraints. Copper prices have surged 23% year-to-date, outpacing broader market gains as demand for the critical AI infrastructure metal grows.

Banking Giant Upgrades Mining Stock

HSBC has reportedly upgraded its rating on Freeport-McMoRan shares from hold to buy, according to recent analyst reports. Sources indicate that analyst Jonathan Brandt simultaneously raised his price target from $43 to $50 per share, suggesting approximately 20% potential upside based on current trading levels.

by Natalie Brooks