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Gold News

Mt Morgans delivers first quarter

By: Esmarie Swanepoel     6th July 2018 Junior gold miner Dacian Gold has reported a maiden quarterly production of 34 155 oz from its Mt Morgans project, in Western Australia. Mt Morgans in April this year poured its first gold.  

St Barbara sets new production records

By: Esmarie Swanepoel     6th July 2018 Gold miner St Barbara has reported record quarterly and full year production for the period ending June. During the three months to June, St Barbara delivered 119 436 oz of gold, while full-year production reached 403 089 oz, a 6% increase on the previous financial year and exceeding the 400 000... 

Company further explores, develops Marudi gold project

By: Jessica Oosthuizen     6th July 2018 Gold exploration and development company Guyana Goldstrike is implementing its Phase 1 exploration programme with trenching, mapping and sampling at the west extension of the Marudi North zone on its Marudi gold project, located in the Marudi Mountain property, in the Republic of Guyana, South... 

Company further explores, develops Marudi gold project
MOUNTAINOUS MINING Guyana issued a mining licence for the Marudi gold project in 2009 and Guyana Goldstrike has been working with the community to establish a mining operation

Company expands South American service offering

By: Jessica Oosthuizen     6th July 2018 As part of its coordinated international strategy, minerals processing specialist Multotec is establishing a joint venture (JV) in Belo Horizonte, Brazil, which will enhance its presence in the South American region, says Multotec screening media VP Roy Roche. He tells Mining Weekly that the... 

Company expands South American service offering
PRODUCT STRATEGY Multotec is following a five-product strategy focussed on screening media, cyclones, samplers, spirals and ceramic linings in its targeting of South America

AngloGold starts development of Vogue orebody to increase Sunrise Dam production

By: Simone Liedtke     5th July 2018 Development of the large, high-grade Vogue orebody at gold miner AngloGold Ashanti’s Sunrise Dam gold mine, in Western Australia, is now under way, with production expected to increase by 25% this year to about 300 000 oz. This development follows the commissioning of the miner’s Recovery Enhance... 

AngloGold starts development of Vogue orebody to increase Sunrise Dam production
AngloGold Ashanti’s Sunrise Dam gold mine, in Western Australia

Centerra warns water shortage may slow Mt Milligan throughput in Q4

By: Mariaan Webb     5th July 2018 Toronto-headquartered Centerra Gold on Thursday warned that it might have to reduce the throughput level of its Mount Milligan operation, as the company continues to face water risks at the British Columbia mine. Centerra has applied for permits to access further groundwater and surface water,... 

Centerra warns water shortage may slow Mt Milligan throughput in Q4

Perseus reports record output from African mines

By: Esmarie Swanepoel     5th July 2018 Dual listed gold miner Perseus Mining has reported record gold production from its two West African mines during the quarter ended June. Gold production for the three months to June reached 83 881 oz, which was a 31% increase on the previous quarter, while half-year gold production was reported... 

Nigeria to offer 12.7bn naira mining contract to eight firms

By: Reuters     5th July 2018 Nigeria will offer a 12.7-billion naira ($41.6-million) mining contract to eight companies in exploration and consultancy, its junior mining minister said on Wednesday, adding both foreign and local firms were encouraged to participate. Nigeria's economy, one of Africa's largest, has been built... 

Anaconda ups hostile Maritime offer by 28%

By: Marleny Arnoldi     4th July 2018 TSX-listed gold producer Anaconda Mining will offer shareholders in TSX-V-listed explorer Maritime Resources about 28% more for their shares, the company announced on Wednesday. Anaconda will increase its hostile offer from 0.39 to 0.50 of a common share for each Maritime share, provided that... 

Harmony enacts board changes to enhance board effectiveness

By: Simone Liedtke     4th July 2018 JSE-listed gold miner Harmony Gold on Wednesday announced several changes to the composition of its board committees to enhance the effectiveness of the board. Of these changes, Mavuso Msimang will take over from Fikile de Buck as the new lead independent director of the company. 

Chaarat appoints COO Benbow to board

By: Creamer Media Reporter      4th July 2018 Aim-quoted Chaarat has appointed COO Robert Benbow as an executive director to its board of directors with immediate effect. Benbow was appointed COO on June 25, after merger and acquisition strategist Artem Volynets was named CEO. 

NGEx to fast-track study on Josemaria

By: Mariaan Webb     4th July 2018 Canadian mining company NGEx has announced that it will conduct a prefeasibility study (PFS) on the Josemaría copper project, in San Juan, Argentina, evaluating the potential to develop an openpit mine and process plant. The deposit is currently part of the company’s Project Constellation... 

ROD for Midas Gold’s Idaho project expected in March 2020 

By: Mariaan Webb     4th July 2018 The United States Forest Service (USFS) has updated the anticipated permitting schedule for the Stibnite gold project, in central Idaho, pencilling in a final record of decision (ROD) date for March 2020, TSX-listed Midas Gold reported on Tuesday. A draft environmental impact statement (EIS) for... 

Terramin reviews gold's place in company portfolio

By: Esmarie Swanepoel     4th July 2018 ASX-listed metals developer Terramin Australia is undertaking a strategic review of its asset, with the company telling shareholders that the review could result in the demerger of its gold assets from its base metals business. The company said on Wednesday that the strategic review will... 

Vango raises cash for Plutonic Dome

By: Esmarie Swanepoel     4th July 2018 Gold developer Vango Mining has raised A$5.1-million through a share placement to sophisticated and professional investors. The company on Wednesday said that some 28.3-million shares will be placed at a price of 18c a share, with the funds raised going towards exploration and development of the... 

Cradle Arc disposes of Burkina Faso subsidiary owing to deteriorating security

By: Simone Liedtke     4th July 2018 Africa-focused base and precious metals exploration and production company Cradle Arc has disposed of its operating subsidiary Société Miniére de Kerboulé (SMK), in Burkina Faso, which holds the wholly-owned exploration licences of Arae and Gassel-Manere, together comprising the Kerboulé gold... 

Newmont adds higher grade, lower cost ounces at Twin Creeks

By: Creamer Media Reporter      4th July 2018 NYSE-listed gold major Newmont Mining has achieved commercial production at its Twin Creeks underground expansion project, adding higher grade, lower cost gold production at its Twin Creeks operation, in Nevada. The Twin Creeks underground mine will add between 30 000 oz/y and 40 000 oz/y at... 

Newmont adds higher grade, lower cost ounces at Twin Creeks
Newmont CEO Gary Goldberg says the new underground mine serves as a platform to further explore the Twins Creek deposit.

Havilah moves closer to closure of Portia sale

By: Simone Liedtke     3rd July 2018 South Australian copper junior Havilah Resources on Tuesday said that the transaction to divest North Portia was expected to close within the next two weeks, despite delays experienced with the completion of the required documentation and approvals. The transaction to divest North Portia is... 

Musgrave and Westgold to join forces on Cue projects

By: Marleny Arnoldi     3rd July 2018 ASX-listed gold and base metals miner Musgrave Minerals has executed a non-binding term sheet outlining a mine management and profit sharing arrangement with fellow-listed gold miner Westgold Resources, whereby Musgrave will receive 50% of profits from operations that are financed, managed and... 

Rox exercises option over strategic gold and nickel tenements

By: Simone Liedtke     3rd July 2018 ASX-listed junior Rox Resources has exercised an option to purchase two tenements at its Fisher East nickel and Mt Fisher gold projects, in Western Australia. Under the terms of the option, the exercise price is $600 000 in cash. 

Resolute’s updated study reduces Syama underground mining costs

By: Simone Liedtke     3rd July 2018 An update to the definitive feasibility study (DFS) for the Syama underground gold mine, in Mali, has delivered a significant reduction in the life-of-mine (LoM) all-in sustaining cost (AISC) to $746/oz, from $881/oz. The DFS update presents the results of an ongoing effort by ASX-listed Resolute... 

Pakrut resumes production after 2017’s snowstorm damage

By: Simone Liedtke     3rd July 2018 Aim-listed China Nonferrous Gold’s Pakrut gold mine, in Tajikistan, has resumed normal production and on Sunday officially produced gold ingots. The announcement comes subsequent to Pakrut suffering from a severe snowstorm in early 2017, which caused substantial damage to the site’s plant and... 

Sibanye-Stillwater cuts gold production guidance, CEO outlines safety plan

By: Simone Liedtke     2nd July 2018 Precious metals miner Sibanye-Stillwater on Monday lowered its production guidance for its South African gold mines, following production stoppages as a result of a spate of deaths in the first six months of the year. The company said that its South African operations would produce 6% less gold... 

Sibanye-Stillwater cuts gold production guidance, CEO outlines safety plan
Sibanye-Stillwater CEO Neal Froneman

Hummingbird starts exploration drilling campaign at Yanfolila

By: Simone Liedtke     2nd July 2018 Aim-listed Hummingbird Resources has begun an exploration drilling campaign on its mining permit for its Yanfolila gold mine, in Mali, while simultaneously starting mining at Komana West. The campaign is targeting the conversion of resources to reserves, while extending the mine life of Yanfolila... 

Argonaut explosive permit to be reinstated after successful appeal

By: Mariaan Webb     1st July 2018 TSX-listed Argonaut Gold expects its explosives permit for the La Colorada mine, in Sonora, Mexico, to be reinstated imminently and that it will ramp up to full operations by mid-July, the company reported on Friday, following a successful court appeal. The Collegiate Tribunal, which is the arm... 

B2Gold increases exploration budget at Fekola North

By: Simone Liedtke     29th June 2018 TSX-listed B2Gold has increased the exploration budget for the Fekola North Extension zone, in Mali, based on positive exploration drill results, by $3.9-million, to accelerate the current programme, which is extending and infilling mineral resources to the north of the main Fekola deposit. The... 

Ariana looks to next phase of growth

By: Creamer Media Reporter      29th June 2018 Having entered commercial production of gold and silver at the Kiziltepe mine, Aim-listed Ariana Resources is now looking towards the next phase of its business strategy, chairperson Michael de Villiers said on Friday. Kiziltepe is owned by the Red Rabbit joint venture, in which Ariana and... 

Rebel investors oust leadership of Petropavlovsk

By: Bloomberg     29th June 2018 Rebel shareholders look to have ousted the leadership at Petropavlovsk as the bitter battle for gold mines in Russia’s far east took another twist. Kazakh cryptocurrency tycoon Kenes Rakishev, who controls a 22% stake, and the company’s co-founder Peter Hambro were among investors who sought to... 

Rebel investors oust leadership of Petropavlovsk
Petropavlovsk chairperson Ian Ashby and four other directors were ousted on Friday.

Sibanye enters into strategic exploration partnership to unlock value in Argentina

By: Nadine James     29th June 2018 Precious metals miner Sibanye-Stillwater has entered into an agreement with TSX-listed Regulus Resources, and its newly formed subsidiary Aldebaran Resources, to create a strategic partnership to unlock value at the Altar copper/gold project, in San Juan province, Argentina. Under the terms of... 

Sibanye enters into strategic exploration partnership to unlock value in Argentina
Photo by Creamer Media
Sibanye CEO Neal Froneman

Semafo pours first gold at Burkina Faso mine

By: Creamer Media Reporter      29th June 2018 TSX-listed Semafo has completed the first gold pour at its Boungou mine, in Burkina Faso, slightly ahead of the original schedule. The first pour yielded about 325 oz of gold. 

Gold has miserable month as dollar seen as 'first choice' haven

By: Bloomberg     29th June 2018 Gold’s losses in June, driven by an ascendant dollar, have put it on course for the biggest monthly drop since November 2016, when markets were roiled by Donald Trump’s victory in the US Presidential election. Bullion for immediate delivery traded at $1 250.98/oz at 9:56 a.m. in London, near the... 

Kyrgyzstan's Parliament to review Centerra agreement in Sept

By: Reuters     29th June 2018 Kyrgyzstan's Parliament will review in September an agreement that settles mutual claims with Canada's Centerra Gold, after which environmental payments by the company might grow, Parliament speaker Dastan Jumabekov said on Friday. The Central Asian nation's government and Centerra, which... 

Demonstrators block access to Amulsar mine – Lydian

By: Mariaan Webb     29th June 2018 Demonstrations and road blockages in response to last month’s change of government in Armenia have impacted on the construction of the Amulsar gold project, TSX-listed Lydian International confirmed on Thursday. The company said that the protests, which mainly targeted the mining sector, had... 

Venus shares rise as 'super pit' plans are revealed

By: Esmarie Swanepoel     29th June 2018 Metals developer Venus Metals Corporation has flagged a ‘super pit’ development at its Youanmi gold project, in Western Australia. The company on Friday reported a new Joint Ore Reserves Committee complaint resource estimate of 1.19-million ounces of gold. The near-surface deposit is estimated... 

Sierra Metals plans 66% production expansion at Peru mine

By: Mariaan Webb     29th June 2018 Toronto-based Sierra Metals has delivered a preliminary economic assessment (PEA) for a 66% production expansion at its Yauricocha base and precious metals mine, in Peru. The production expansion will expand the Yauricocha mine through stages from its current 3 000 t/d to 3 600 t/d in the first... 

Shareholders take fight for Russian gold to London's Square Mile

By: Bloomberg     29th June 2018 The bitter battle for gold mines in Russia’s far east is set to take another twist as rebel investors try to sack the leadership of Petropavlovsk. Shareholders will vote on Friday at meeting in a nondescript office block between St Paul’s Cathedral and the Bank of England in London. While the... 

Shareholders take fight for Russian gold to London's Square Mile

Aachen technology increases throughput, gold recovery

By: Donald Makhafola     29th June 2018 Mineral processing technology provider Maelgwyn Mineral Services Africa (MMSA) has developed its Aachen High Shear Reactor technology to such an extent that it has emerged as a key component in hydrometallurgical processes for several leading gold mining companies in Africa, says MMSA business... 

Aachen technology increases throughput, gold recovery
GOLD PROCESSING Maelgwyn Mineral Services Africa's Aachen oxidation technology has emerged as a key component in hydrometallurgical processes for several gold producers

Stonewall Resources to start mining in Mpumalanga in 2019

By: Donald Makhafola     29th June 2018 Australian gold producer Stonewall Resources plans to restart gold production in the fourth quarter of 2019 at the Theta Hill and Vaalhoek mines, near the towns of Pilgrims Rest and Sabie respectively, in Mpumalanga. The mines form part of Stonewall’s fully permitted Transvaal Gold Mining Estate... 

Stonewall Resources to start mining in Mpumalanga in 2019
GEORGE JENKINS Stonewall Resources expects its mineral resource to continue increasing through further reviews of other local mines in the company's portfolio

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