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With gold breaking records, South Africa opens its first new gold mine in 15 years
By Chinedu Okafor
Business Insider, New York
Friday, December 5, 2025
... As a result of the mineral's impressive performance all year round, markets in Africa are reacting significantly, including the seizure of mines in the Sahel region, and very recently, the construction of a new rare underground gold mine in South Africa.
The new underground mine is the first the country has built in 15 years.
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West Wits Mining Ltd. put up an event for the launch of the mine at the company's Qala Shallows site on the outskirts of Johannesburg.
The Australia-listed company is constructing a 30,000-ton stockpile after bringing its first ore to the surface in October.
The new mine promises $90 million in annual revenue, with a production capacity of 70,000 ounces in the same period. ...
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