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Creamer Media Reporter

Wallbridge reports positive results from Fenelon bulk sample

8th February 2019 TSX-listed Wallbridge Mining reported on Thursday that it has produced and sold more than 13 300 oz of gold from the 35 000 t bulk sample under way at its Fenelon gold project, in Quebec. To date, about 25 000 t of ore with a reconciled average grade of 17.34 g/t gold containing more than 14 000... 

Consol marks third year of production growth at Pennsylvania mines

8th February 2019 NYSE-listed Consol Energy’s production and sales have hit a new record in 2018, marking three consecutive years of production growth at the Pennsylvania mining complex (PAMC). Sales from PAMC increased by seven-million tons in the fourth quarter, generating revenue of $49.81/t, compared with... 

First Quantum announces refinancing

7th February 2019 Canadian miner First Quantum has signed a new $2.7-billion term loan and revolving credit facility, replacing the existing $1.5-billion revolving credit facility. Underwritten by three core relationship banks, the new $2.7-billion facility, with an accordion feature to increase it up to... 

Polymetal reports sizeable increase in Mayskoye gold reserve

7th February 2019 Russian miner Polymetal has announced a 778 000 oz increase in the ore reserves at its Mayskoye gold deposit, which adds five years to the operation’s mine life. The updated Joint Ore Reserve Committee-compliant reserves comprise ten-million tonnes of ore with an average grade of 6.9 g/t... 

Anglo Asian announces highest-ever production guidance

7th February 2019 Aim-listed gold, copper and silver producer Anglo Asian has announced its highest-ever production guidance, forecasting metal production of between 82 000 and 86 000 of gold-equivalent ounces (GEOs) for 2019. The guidance compares with a target range of 78 000 GEOs to 84 000 GEOs in 2018 and... 

Trilogy, South32 up exploration budget for Alaska projects

7th February 2019 Vancouver-based explorer Trilogy Metals has increased the exploration budget for its Upper Kobuk Mineral Projects (UKMP), after its partner South32 agreed to equally fund an exploration programme along the Ambler volcanogenic massive sulphide (VMS) belt in north-west Alaska. The partners have... 

Drills turn at Hannan’s Kilmurry project

6th February 2019 TSX-V-listed Hannan Metals has received final drill permissions for a diamond drilling programme to get under way at the Kilmurry project, near the Kilbricken zinc/lead/silver resource in county Clare, Ireland. The company stated that several geological factors made the fault zone a prospective... 

Ascendant secures OPIC loan for Honduras expansion

6th February 2019 Toronto-based miner Ascendant Resources has secured financing from a US government agency that helps businesses invest in emerging markets to expand its El Mochito zinc/lead/silver mine in Honduras. The nonbinding term sheet with Overseas Private Investment Corporation (OPIC) is for a... 

Canadian explorer hits high-grade gold in Finland

6th February 2019 News of high-grade gold intersects at the Aamurusko prospect, in northern Finland, sent Canadian explorer Aurion Resources’ share price up 27% on Tuesday. The TSX-V-listed explorer announced that it had intersected 42.28 g/t gold over 4 m in drill hole 82 and 24.50 g/t gold over 4.75 m about 56... 

Newmont appoints Rio Tinto exec as new COO

5th February 2019 Global gold miner Newmont has appointed Rio Tinto’s head of productivity Rob Atkinson as executive VP and COO with effect from June 1, the company announced on Monday. Atkinson will succeed Tom Palmer, who is taking over as CEO from Gary Goldberg, who will retire in the fourth quarter. 

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