miningindustry

It's all about the smallest details. But we love the word #MarketRebound in #crypto + #Gold
#MiningIndustry
Nugget Trap $NGTG #token #gold

🪙 Zimbabwe Drops Gold Royalty Hike, Eases Windfall Tax Threshold

Zimbabwe’s government has scrapped a proposed hike in gold royalties and set a higher windfall tax threshold—a move welcomed by miners and investors, aiming to support the gold sector’s growth.

Zimbabwe kept the basic gold royalty at 5% and raised the threshold for the 10% windfall tax to prices above ~$5,000/oz.

Small-scale miners continue to enjoy lower royalty rates (up to 2%) to boost local participation.

Miners warned that the original higher rates could hurt profitability and investment in projects like Bilboes gold mine.

Zimbabwe hit a record gold output of 42 t in Jan–Nov 2025, underlining gold’s economic importance.

By balancing fiscal goals with industry viability, Zimbabwe aims to sustain gold production and remain attractive to investors while safeguarding local mining activity.

#zimbabwe #FiscalPolicy #MiningIndustry #CommodityNews #EmergingMarkets $PAXG

Aurora Gold Mine workers briefly halt work, seek 10% wage hike

📌 Workers at Aurora Gold Mines (AGM) in Guyana’s Cuyuni‑Mazaruni region downed tools over wage stagnation and working conditions, demanding a 10 % pay rise.

📌 The work stoppage was brief and operations have resumed, with management and union representatives agreeing to continue formal negotiations.

📌 The mine is Guyana’s only large‑scale gold operation and a key contributor to local output and revenue.

Labour unrest highlights underlying tensions in major mining operations, especially around compensation and working conditions, even amid strong sector demand and high gold prices.

#AuroraGold #AGM #GoldMining #MiningIndustry #Guyana $PAXG $XAU

🪙 Zijin Mining Targeting Major Gold Output Growth After Record Profits

Chinese mining giant Zijin Mining is gearing up to sharply increase gold production in 2026 after a record profit year driven by strong metals prices and expanding operations. The company is planning double‑digit growth in gold output, aiming to reach about 105 tonnes of mined gold — hitting its annual target ahead of schedule. Its recently spun‑off gold unit also posted a significant surge in net income.

With robust profits and rising production guidance, Zijin is positioning itself as a top global gold producer, poised to benefit from sustained demand and high metal prices.

#ZijinMining #MetalsNews #MiningIndustry #GoldProduction #CommodityOutlook $PAXG $XAU

Gold Rally Fuels Global Spike in Illegal Mining – WGC Warns

Rising gold prices are driving a surge in unregulated mining, spreading pollution and empowering criminal networks.

The World Gold Council (WGC) reveals that the ongoing gold rally is pushing artisanal and illegal miners worldwide to expand operations — causing environmental destruction and strengthening organized crime groups.

Illegal & small-scale mining now estimated to supply up to 30% of global gold output.

Widespread use of mercury is contaminating rivers, soil, and communities.

Criminal networks increasingly profit from illegal mining zones, using gold as a revenue stream.

The WGC says formalized, legal processing centers are critical to reducing mercury use and disconnecting illegal miners from criminal supply chains.

#MiningIndustry #commodities #WGC #Environment #GlobalMarkets $PAXG

Cango Appoints Antalpha Founder as Chairman, Completes Full Transition to Bitcoin Mining

Cango has officially completed its transformation from an automotive trading platform into a full-fledged Bitcoin mining company, along with a major restructuring of its board and executive team. Xin Jin, Founder and CEO of Antalpha, has been appointed Chairman of the Board, further strengthening the company’s ties with Bitmain. Antalpha, a financial services platform backed by Bitmain, also sees its former Chief Strategy Officer, Peng Yu, step in as Cango's new CEO. Several other board members with Antalpha backgrounds have joined as well. Cango currently holds over 4,000 BTC.
#Bitmain #CryptoTransformation #BlockchainNews #DigitalAssets #MiningIndustry

Bitcoin Mining Profits Slide for Fourth Straight Month, JPMorgan Warns

Bitcoin mining profitability continued to weaken in November, marking the fourth consecutive monthly decline as block rewards, miner revenues, and sector valuations fell sharply, according to a new report from JPMorgan. Analysts Reginald Smith and Charles Pearce found that daily block reward gross profit dropped 26% from October while the Bitcoin network hashrate eased 1% after reaching a record high the previous month.

Miners earned an average of $41,400 per EH/s in daily block reward revenue—down 14% month-over-month and 20% year-over-year—highlighting intensifying competition and softer on-chain activity following the post-halving adjustment period. The downturn extended to public mining stocks as well, with the combined market capitalization of fourteen U.S.-listed miners sliding 16% to $59 billion.

Cipher Mining was the rare outperformer, gaining 9% thanks to momentum from its Fluidstack deal, while Bitdeer suffered a steep 40% decline, making it the worst performer in the group. The data suggests the sector is undergoing a recalibration after rapid hashrate expansion in 2024, with profitability tightening ahead of 2025 unless Bitcoin’s price or fee markets strengthen.

#Bitcoin #MiningIndustry #CryptoMarkets $BTC

🟡 Exclusive: Mali Returns 3 Tons of Seized Gold to Barrick

A Malian court has ordered the return of 3 metric tons of gold — valued at about $400 million — to Barrick Mining following a two-year dispute, marking a major de-escalation in tensions and clearing the way for resumed operations.

• Mali’s judge ruled to return the gold previously seized from the Loulo-Gounkoto mining complex.

• The two sides reached a settlement worth $430 million, under which Barrick will regain control of the mine and pay the agreed amount.

• Four Barrick employees held since late 2024 have been released, and an international arbitration has been dropped.

Restoring access to seized gold is a key milestone that could help stabilize Barrick’s position in West Africa and support broader gold market confidence.

#GoldMining #BarrickGold #Mali #ResourceNews #MiningIndustry $PAXG

$BTC Bitmain’s Major Mining Rig Price Cuts: A Signal of an Industry Winter?
Bitmain, the world’s largest mining rig manufacturer, has rolled out significant price cuts on its S19 and S21 series. The latest immersion-cooled S21 models are now priced as low as $7/TH/s, with some batches even shifting to a buyer-bidding model.
The backdrop is increasingly challenging: hashprice has dropped to a multi-year low of $35/TH/s/day, falling below the estimated $40 breakeven level. The impact of the 2024 Bitcoin halving, combined with rising energy costs, has further squeezed miner margins. At the same time, BTC has declined from $126,000 to $80,000, pushing miners into one of the darkest periods in recent years.
The key question now: is this a rare bottom-buying opportunity for mining rigs, or the start of a broader industry shakeout?

#BitcoinMining #Bitmain #CryptoMining #BTC #MiningIndustry

$BTC