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Biswas outlines plan to fix Newcrest’s Lihir gold mine

By: Esmarie Swanepoel     Updated 2 minutes ago The CEO and MD of gold miner Newcrest Mining, Sandeep Biswas, on Friday outlined plans to bring the errant Lihir operation, in Papua New Guinea, under control. “I’ve spent a lot of time understanding the challenges of Lihir and have come to the conclusion that the first phase of improvement must... 

Troy on track for full year

By: Esmarie Swanepoel     Updated 4 minutes ago Despite reporting a slight decline in production during the three months to September, ASX- and TSX-listed gold miner Troy Resources has maintained its full-year production expectations. During the quarter under review, group gold production dropped to 20 624 oz, compared with the 23 057 oz... 

Fatality does little to dampen Vantage growth

By: Esmarie Swanepoel     Updated 5 minutes ago Despite a fatality at the Barbrook mine, in South Africa, which resulted in a week’s loss of production, gold miner Vantage Goldfields has reported in increase in production during the three months to September. Gold production during the quarter reached 8 466, which was well above the 6 913 oz... 

Teranga revises full-year output

By: Esmarie Swanepoel     Updated 8 minutes ago Senegal-focused gold miner Teranga Gold has downgraded its full-year production expectations by 8 000 oz, after deferring the mining of high-grad ounces and after failing to meet production expectations in the three months to September. The ASX- and TSX-listed miner on Friday reported that gold... 

Didipio set to exceed expectations - OceanaGold

By: Esmarie Swanepoel     Updated 10 minutes ago Dual-listed gold miner OceanaGold on Friday reported that its Didipio project, in the Philippines, was on track to beat full-year expectations, after a stellar third quarter. During the three months to September, the company produced 67 352 oz of gold and 7 978 t of copper, compared with the 60... 

Valence short-lists debt funders

By: Esmarie Swanepoel     Updated 11 minutes ago Graphite miner and manufacturer Valence Industries has short-listed term sheets from a number of debt providers for a A$35-million finance facility to fund the Phase 2 expansion of its operations in South Australia. The short-listing of debt financiers followed a A$15-million capital raise and... 

Low kimberlite discovery rate seen sparking diamond production crisis by turn of decade

By: Jade Davenport     Updated 54 minutes ago The stability of the diamond sector has always been a slave to the fine balance between supply and demand. Over the last century, the industry has had to contend with various crises of oversupply, largely spurred by conflict, global economic instability and the vagaries of consumer demand. As a... 

Low kimberlite discovery rate seen sparking diamond production crisis by turn of decade

Mining ops continue unfettered despite Burkina Faso civil unrest

By: Henry Lazenby     Updated 7 hours ago Canadian gold miners with operations in Burkina Faso on Thursday said that despite the declare state of emergency, their operations were continuing uninterrupted. Burkina Faso’s president Blaise Compaore had declared a state of emergency following violent protests in the capital that saw... 

Mining ops continue unfettered despite Burkina Faso civil unrest

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