The financing follows Ascot's announcement earlier this month that it will delay the restart of the Premier gold project.

Running at a staggering depth of 3,891 metres down and 2,062 metres below sea level, a colossal mine in Africa is the deepest and richest gold mine in the world. Mponeng gold mine began producing ...

A gold mine has collapsed in the east of Mali, leaving a preliminary death toll of 42 and many injured, according to Malian national television and local authorities BAMAKO, Mali -- A gold mine ...