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Doray on track to meet full-year production targets

By: Esmarie Swanepoel     Updated 1 hour 58 minutes ago Another solid quarter of gold production from the Andy Well mine, in Western Australia, has placed gold miner Doray Minerals in a strong position to meet the upper end of its full-year production guidance of between 78 000 oz and 85 000 oz for the full year 2016. The Andy Well operation... 

OceanaGold reports solid quarter as Didipio breaks production record

By: Esmarie Swanepoel     Updated 2 hours 18 minutes ago Record production from the Didipio gold mine, in the Philippines, has resulted in dual listed OceanaGold increasing its gold production during the three months to March. The ASX- and TSX-listed miner reported on Friday that gold production for the first quarter ended March had increased to 122... 

Maxwells resource estimate upped by 400% - Silver Lake

By: Esmarie Swanepoel     Updated 2 hours 23 minutes ago Junior gold miner Silver Lake Resources has reported a 400% increase in the mineral resource at its Maxwells project, within the Mount Monger project, in Western Australia. Following an accelerated exploration programme, the project was now estimated to host a resource of 1.69-million tonnes,... 

Capricorn shakes the tin to fund Karlawinda studies

By: Esmarie Swanepoel     Updated 2 hours 33 minutes ago ASX-listed junior Capricorn Metals has raised A$12.6-million through a share placement to advance its flagship Karlawinda gold project, in Western Australia. The company, previously known as Malagasy Minerals, said on Friday that it had placed 97.2-million shares, at a price of 13 each to... 

Companies bought to enhance training offering

Training, supply and management group Workforce Holdings announced in January that it had acquired the various operating companies comprising outsourcing solutions providers Quyn Outsource Solutions. Workforce has predominantly placed staff in nontechnical positions and adding Quyn to its service... 

Companies bought to  enhance training offering
Photo by Bloomberg
SKILLS OFFERING EXPANDED Quyn Outsource Solutions’s e provision of technical skills to clients across a range of industries represents diversification for Workforce

Construction under way at Burkina Faso’s Houndé gold project

By: David Oliveira TSX-listed gold miner Endeavour Mining announced earlier this month that its 90%-owned Houndé project has entered the construction phase of development, following approval from its board of directors. The project is expected to deliver average production of 190 000 oz/y of gold over a ten-year... 

Dewatering pump to help reopen shaft at Orkney

By: Sascha Solomons Johannesburg-headquartered dewatering specialist Letaba Dewatering expects to start supplying dewatering pumps to Shaft 7 at the Orkney gold mine, in the North West, in October, enabling gold mining to restart. The company was provisionally awarded a tender to supply SAER dewatering pumps at the... 

Emphasis on opportunities in harsh business climate

By: Simon Sonnekus The West African Mining & Power Exhibition (Wampex) 2016 will showcase the opportunities that still exist in the challenging African market, says events company and organiser dmg-ems Africa VP Christine Davidson. The biennial event, which has been running for 22 years, will return to the Accra... 

Emphasis on opportunities  in harsh business climate
GLOBAL ATTRACTION Between 50 and 100 companies are expected to attend, with exhibitors from China, the UAE, France, Poland, South Africa, the UK and Turkey confirmed

Gold explorer reports positive results from Tanzania campaign

By: Mia Breytenbach East Africa-focused gold producer, developer and explorer Shanta Gold has intersected encouraging mineralisation at its Ilunga prospects, in south-west Tanzania. Drilling at Ilunga forms part of Shanta Gold’s regional exploration programme within and surrounding its flagship asset, the New Luika... 

Gold explorer reports positive results from Tanzania campaign
Photo by Bloomberg
ADDED ASSETS In addition to its flagship asset, the New Luika Gold Mine, Shanta Gold has ongoing regional exploration programme within and surrounding the mine

Insights into mining climate in Burkina Faso and Côte d’Ivoire

By: Ilan Solomons Conducting mining and exploration activities in Burkina Faso and Côte d'Ivoire are not without challenges, but both countries hold “great potential” for determined exploration and mining companies, mineral exploration company Predictive Discovery (PD) MD Paul Roberts tells Mining Weekly. PD has... 

Legal frameworks key to mining growth in West Africa

By: Simon Sonnekus Revised tax rules and regulations have allowed for greater competition for foreign direct investment and pressure from major donors in the West Africa mining sector, according to Pan-African arbitration and commercial litigation law firm Centurion Law Firm. Centurion Law Firm Legal services... 

Legal frameworks key to  mining growth in West Africa
Photo by Bloomberg
REMARKABLE RESERVES Africa harbours the world’s largest mineral reserves of platinum, gold, diamonds, chromite, manganese and vanadium

MetSkill

By: Creamer Media Reporter Process industry training provider MetSkill is actively involved with the development of the new occupational qualifications for the Quality Council for Trades and Occupations under the Mining Qualifications Authority (MQA). Benoni, Gauteng-based MetSkill, 100% owned by MD Rebecca Sands, has... 

Mineworkers empowered

By: Kimberley Smuts If workers in the mining, energy and construction industries want to improve their financial situation, it is important that they take advantage of the financial literacy programmes currently being rolled out by financial assistance provider Mineworkers Investment Trust (MIT), which supports... 

Mineworkers empowered
Photo by Bloomberg
INVESTING FOR THE FUTURE The Mineworkers Investment Trust's financial literacy training started in Mpumalanga as a pilot study in June 2015 with more training expected to take place this year

Mungari mine, Australia

By: Sheila Barradas A gold mine 600 km east of Perth, and 20 km west of Kalgoorlie, in Western Australia. 

Mungari mine, Australia

Society aims to integrate more students into mining sector

By: Kimberley Smuts The University of Witwatersrand's Students Mining Engineering Society (SMES) aims to increase the integration of mining engineering graduates into the mining industry this year, as well as to encourage mining engineering students to have an opinion on mining-related issues in South Africa. SMES... 

Society aims to integrate more students into mining sector
FORTUNE MSIBI Mining engineering students face the challenge of a lack of available jobs in the sector, as a result of South Africa’s financial crisis

Still demand for education in mining

By: Kimberley Smuts There is still demand for mining education, the School of Mining Engineering at the University of the Witwatersrand (Wits) tells Mining Weekly, noting that this is demonstrated by the increase in first-year admissions from 103 students in 2005 to 234 students in 2015. Wits School of Mining... 

Still demand for education in mining
BEING TAUGHT EFFECTIVELY A range of simulated facilities have been installed at Wits School of Mining to keep abreast of the latest technological advancements

Technological advancements continue despite mining sector’s downturn

By: Sascha Solomons Beneficial trends and technological advancements in the mining industry are being introduced regardless of the depressed market conditions that the sector faces, says environmental management company I-CAT Environmental Solutions technical manager Morne van Wyk. One such trend is recycling water... 

Technological advancements continue despite mining sector’s downturn
HYFLUX KRISTAL HOLLOW-FIBRE Ensure the effective and environmentally safe reduction of excess wastewater in the mining industry

West Africa fraught with challenges in tough mining times

By: Simon Sonnekus While political instability, corruption and the global commodities price crunch have had adverse effects on the West African mining sector, other factors such as a lack of infrastructure, power shortages and inconsistency and a lack of transparency in terms of regulatory policy, as well as... 

West Africa fraught with challenges in tough mining times
Photo by Bloomberg
UNREST Factors such as war, social unrest or hardship are all indicative of a somewhat unstable political environment, which, in turn, negatively impacts on the attractiveness of certain economies

Mexican miner Penoles' profit falls on financial costs

By: Reuters Mexican miner Penoles on Thursday reported a 65% drop in first-quarter net profit compared to the same period a year earlier, hit by higher financial costs on options it owned. The miner and metals processor which runs the world's largest primary silver producer, Fresnillo, posted a profit... 

Centerra’s Bishkek office raided by Kyrgyz general prosecutor

By: Henry Lazenby Canadian miner Centerra Gold on Thursday reported a raid of its Kyrgyz subsidiary Kumtor Gold Company’s (KGC’s) Bishkek office on Thursday afternoon by the country’s general prosecutor. The General Prosecutor’s Office (GPO) had issued a press release stating that the purpose of the search was to... 

Centerra’s Bishkek office raided by Kyrgyz general prosecutor
Photo by Reuters
Kumtor gold mine, Kyrgyztan

Despite Otjikoto slope failure, B2Gold gold output on course for another record year

By: Henry Lazenby Canadian gold producer B2Gold has exceeded its first-quarter production guidance by 8 966 oz of gold, for company-wide output of 127 844 oz of the yellow metal, an increase of 10% over the same period in 2015. Despite a slope failure on the pit access ramp at the Otjikoto mine, in Namibia, on... 

Coeur trading at 12-month highs on narrower Q1 loss

By: Henry Lazenby On the back of stronger precious metals prices so far this year, as well as improved first-quarter financials, the NYSE-listed stock of Coeur Mining has risen to a new 12-month high at $7.68 apiece. In the period ended March 31, the miner reported fourth-quarter headline earnings – excluding... 

Northern Star's cost-cutting programme bears fruit

By: Esmarie Swanepoel Gold miner Northern Star Resources said on Thursday that an effective cost-cutting programme during the March quarter had enabled the company to maximise margins and free cash flows. MD Bill Beament said that this was evident in the A$60-million increase in cash, bullion and investments reported... 

Vivien adds ounces to Ramelius quarter

By: Esmarie Swanepoel West Australian gold miner Ramelius Resources has reported a slight drop in production during the three months to March, compared with the previous quarter, despite the Vivien operation coming online during the quarter. The Mt Magnet operation delivered 9 356 oz of gold during the quarter under... 

Vital launches scoping study in Burkina Faso

By: Esmarie Swanepoel ASX-listed junior Vital Metals has launched a scoping study at its Kollo gold deposit, in Burkina Faso, to evaluate the feasibility of an openpit project. MD Mark Strizek said on Thursday that the project provided a compelling near-term development and cash flow opportunity for Vital Metals. 

Kingsgate production tumbles

By: Esmarie Swanepoel March quarter gold production from ASX-listed Kingsgate Consolidated declined significantly compared with the December quarter, as the miner faced difficult conditions. Kingsgate on Thursday reported that group gold production for the three months to March reached 32 472 oz, compared with the 47... 

Karouni lifts Troy production

By: Esmarie Swanepoel The Karouni gold project, in Guyana, was delivering ahead of expectations, owner Troy Resources said on Thursday, with the product to date producing some 35% more ounces than predicted by the ore reserve model. The Karouni project, which poured its first gold in November last year, produced 20... 

Gold miner Goldcorp beats market forecasts, swings back to profit

By: Reuters Canadian gold producer Goldcorp Inc on Wednesday reported better-than-expected earnings, returning to a profit in the first quarter on the back of higher production and lower costs. Goldcorp, the world's third-biggest gold producer by market value, left its 2016 production and cost forecast... 

Gold miner Goldcorp beats market forecasts, swings back to profit

New Gold reports strong Q1 output

By: Henry Lazenby Canadian copper and gold producer New Gold saw strong production results during the first quarter ended March 31, lifting gold output to 90 811 oz, which is in line with 2015 production, as slightly higher output from the company's New Afton, Mesquite and Peak mines partially offset planned lower... 

Gold Road raises $74m for Gruyere

By: Esmarie Swanepoel ASX-listed Gold Road Resources on Wednesday announced plans to raise A$74-million through a share placement and accelerated entitlement offer to fund the development of its Gruyere project, in Western Australia. The company would place an initial 98-million shares, priced at 44c each, to... 

Gold Road raises $74m for Gruyere

Oz Minerals hedges gold bets at Prominent Hill

By: Esmarie Swanepoel Copper-gold miner Oz Minerals has hedged a portion of the gold contained within stockpiles at its Prominent Hill mine, in South Australia, to take advantage of Australian gold prices, which were at a near 15-year high. The miner told shareholders on Wednesday that the Prominent Hill stockpiles... 

PanTerra weighs options for Las Lagunas plant, eyes JV in China

By: Esmarie Swanepoel Gold producer PanTerra Gold has this week unveiled options to use its Albion/carbon in leach (CIL) processing plant in the Dominican Republic, once gold and silver extractions from the refractory tailings at the Las Lagunas project was completed in mid-2019. The plant has the capacity for... 

Q1 gold rally too rapid for support, as lower Asian demand weighs on price outlook

By: Henry Lazenby A 17% rally in the price of gold during the first quarter of the year to around $1 270/oz happened too rapidly according to market analysts at Thomson Reuters GFMS, as poor demand from Asia would probably see the gold price fall below $1 200/oz over the next few months. However, this price level... 

Q1 gold rally too rapid for support, as lower Asian demand weighs on price outlook

World Bank does not see platinum rally being sustained

By: Terence Creamer The World Bank does not expect the recent rise in platinum prices to be sustained for the full year, with its latest ‘Commodity Markets Outlook’ report forecasting a 10% year-on-year price decline in 2016. The report, released on April 26, notes that precious metals prices increased by 6% in the... 

World Bank does not see platinum rally being sustained

Freeport loss doubles as low prices bite

By: Henry Lazenby US diversified miner Freeport McMoRan has booked a $3.8-billion write-down of the carrying value of its oil and gas properties, on the back of lower West Texas Intermediate prices. The company reported a net loss attributable to common stock totalling $4.2-billion, or $3.35 a share, for... 

Barrick surprises on the upside despite Q1 production loss

By: Henry Lazenby Chief gold producer Barrick Gold has delivered a strong financial performance during the first quarter, doubling headline earnings and beating stock market forecasts; all the while making good progress on strategic objectives despite a 7.9% decline in output. The Toronto-based company, whose... 

Barrick surprises on the upside despite Q1 production loss

Newcrest gold output up 2.6%

By: Esmarie Swanepoel Gold miner Newcrest Mining has reported a 2.6% increase in gold production for the three months to March, as the Cadia operation, in New South Wales, delivered a full quarter of production. Gold production increased to 636 521 oz in the quarter, from 620 691 oz delivered in the previous quarter,... 

Nullagine continues to deliver for Millennium

By: Esmarie Swanepoel Gold producer Millennium Minerals has reported an increase in production during the three months to March, as its Nullagine project, in Western Australia, continued to perform. Fine gold production during the quarter reached 23 166 oz, compared with the 22 503 oz delivered in the December... 

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