Resolute, Nimba Mining partner to advance gold exploration in Guinea

Mining.com2026/03/31 00:42

By:Mining.com

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Resolute Mining (ASX/LSE: RSG) and Nimba Mining Company S.A. (NMC), a 100% Guinean state-owned company – announced Monday they have signed a. Memorandum of Understanding (MoU) to advance co-development of gold projects in Guinea.

var rnd = window.rnd || Math.floor(Math.random() * 10e6); var pid472436 = window.pid472436 || rnd; var plc472436 = window.plc472436 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=181210;size=0x0;setID=472436;type=js;sw=' + screen.width + ';sh=' + screen.height + ';spr=' + window.devicePixelRatio + ';kw=' + abkw + ';pid=' + pid472436+ ';place=' + (plc472436++) + ';rnd=' + rnd + ';click=CLICK_MACRO_PLACEHOLDER'; document.write('

');

With the involvement of the Government of Guinea represented by the Ministry of Mines and Geology, this partnership represents a significant milestone in advancing mineral exploration and development activities within one of West Africa’s most prospective gold regions, the companies said in a joint statement.

The MoU represents NMC’s first collaboration with an international listed company operating in the gold sector. The partnership will focus on jointly assessing mineral resources, conducting comprehensive geological studies, and developing strategic frameworks for potential large-scale gold

production operations, the companies said, adding that the agreement underscores the commitment of both Resolute and NMC to developing the gold sector in Guinea in a responsible and sustainable manner.

“This partnership with Resolute will allow NMC to launch its gold projects in accordance with the State’s guidelines indicated in the Simandou 2040 Program and the vision of the Ministry of Mines and Geology as NMC’s technical supervisor,” NMC chief executive Patrice L’Huillier said in a news release.

“Choosing the option of co-developing mining projects with Resolute will strengthen the share of local content in Guinea’s mining ecosystem.”

“We are delighted to have been selected by NMC and the Guinean Government for the co-development of gold projects in Guinea,” Resolute CEO Chris Eger added.

“This partnership reflects our commitment to invest in Guinea – a jurisdiction that we believe has the potential for Resolute to develop a fourth mine – and to share value with all stakeholders for sustainable projects. Our teams remain mobilized for the evaluation of areas of interest with high potential in collaboration with the NMC teams and the support of the Ministry of Mines and Geology.”

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

1. Technology stocks fell sharply as investor interest shifted toward energy and selected defensive assets. From October 10 to 16, the Nasdaq 100 declined 5.49% and the S&P 500 fell 1.95%, while the Dow gained 0.67% and WTI crude rose 10.41%. BTC, ETH, and SOL declined 1.27%, 2.65%, and 4.44%, respectively. This week's technology earnings will be an important test of whether revenue growth, margins, and cash flow can justify current valuations. Better-than-expected results could help stabilize markets in the near term. 2. Crypto continues to see pockets of strong activity, but a broad-based altcoin season has yet to materialize. CoinMarketCap's (CMC) Altcoin Season Index stood at 54 as of the October 18 UTC daily observation, below the altcoin-season threshold of 75, while BTC dominance rose to 60.08%. Our proxy leverage ratio fluctuated between 4.00 and 4.07 during the week, showing no sustained increase and suggesting limited appetite for additional leverage. Meanwhile, as major exchanges expand access to traditional financial assets, the recent sell-off in AI-related equities could attract short-term speculative capital away from crypto. Such capital rotation could make it more difficult for a new altcoin season to take hold. 3. Papertrade's loss-to-mine model has generated significant interest across the crypto community. The protocol combines high-leverage derivatives trading with zero slippage and a mechanism that rewards trading losses with PAPER tokens. Across the eight complete UTC days from October 10 to 17, cumulative reported revenue reached approximately $56.08 million, including $51.90 million distributed to token holders. With growing participation from key opinion leaders (KOLs), Papertrade has reportedly ranked among the top three platforms by profitability in the broader market recently. Assets to watch: BTC, ETH, SOL, ARB, OP, SKHYNIX, SKHY, META, TSLA, LRCX, and SPCX. Key research priorities this week: Cash flow performance in technology earnings; the relative discount and holding costs of the two SK Hynix contracts; and U.S. initial jobless claims and PMI data. Weekly market data cover the period through October 16, while research information was verified through October 18. Observation periods are specified separately for each chart.

Bitget•2026/10/19 06:51