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Gold News

Stratex partners with Cameroonian company to advance gold exploration projects

By: Marleny Arnoldi     12th June 2018 Aim-listed Stratex International has entered into a conditional option agreement with a well-established Cameroonian company to acquire up to a 90% interest in two early-stage gold exploration projects, Bibemi and Wapouzé, in north Cameroon.  

AngloGold maintains option for Nevada earn-in

By: Creamer Media Reporter      12th June 2018 TSX-V-listed Renaissance Gold, which has based is business model on joint ventures, has received a $200 0000 payment from gold major AngloGold Ashanti to maintain an option to earn into the Silicon gold project in the Bare Mountains of Nevada, US. In its first year of exploration, AngloGold has... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

Rioters ransack Malian govt buildings after dispute with Randgold mines

By: Reuters     12th June 2018 Rioters in southern Mali ransacked local government buildings on Monday following a dispute between workers and management at Randgold's Loulo and Gounkoto gold mines, the government said. The rioters attacked the local prefect's office and house and also burned biometric voter identification... 

Acacia reports vehicle-related fatality at Tanzania mine

By: Marleny Arnoldi     12th June 2018 An employee of one of LSE-listed Acacia Mining’s contractors at the North Mara mine, in Tanzania, has died following an accident on Monday. Sadock Tindahinile passed away as a result of an accident involving a reversing vehicle at the Gokona deposit at the mine. 

Acacia reports vehicle-related fatality at Tanzania mine
Photo by Bloomberg
Acacia Mining's North Mara mine in Tanzania

Nuggets drive Marindi prices

By: Esmarie Swanepoel     12th June 2018 The share price of junior Marindi Metals rose by nearly 17% on Tuesday, after the company reported that over six ounces of gold nuggets had been recovered from one alluvia trap-site at its Bellary Dome conglomerate gold project, in Western Australia. Hundreds of nuggets were recovered some 1.2... 

Randgold nearing completion of FS on Senegal gold project

By: Marleny Arnoldi     12th June 2018 London- and Nasdaq-listed gold miner Randgold Resources is nearing completion on a feasibility study (FS) at its Massawa gold project, in Senegal, and expects to make a development decision by the end of the year. Randgold CE Mark Bristow and his team are in Senegal to inspect the project and... 

Randgold nearing completion of FS on Senegal gold project
Photo by Creamer Media
Randgold Resources CE Mark Bristow

Way Linggo expansion gets partial approval

By: Esmarie Swanepoel     12th June 2018 Gold miner Kingsrose Mining has been granted a technical and economic approval from the Indonesian Mines Department to develop multiple openpit operations at its Way Linggo project. The company said on Tuesday that the approval allows immediate work to start on the expansion of the Way Linggo... 

Sibanye suspends operations at Kloof mine for a day of mourning

By: African News Agency      12th June 2018 Sibanye-Stillwater said on Tuesday it had suspended mining operations at its Kloof Ikamva shaft for a day of mourning after four mineworkers died underground. Sibanye on Tuesday located the body of a fourth mineworker killed at the shaft near Westonaria, south-west of Johannesburg, following a... 

Sibanye suspends operations at Kloof mine for a day of mourning

Goldcorp says protest could halt production at Mexico gold mine

By: Reuters     11th June 2018 Canada's Goldcorp said on Monday an ongoing protest blocking entry to its Penasquito mine, one of Mexico's biggest gold producers, could force the company to halt output. The mine, in northern Zacatecas state, produced 476 000 oz of gold last year, comprising 18% of Goldcorp's total production... 

Three miners killed in accident at Sibanye gold mine

By: Reuters     11th June 2018 Three gold miners were killed in South Africa on Monday at a Sibanye-Stillwater plant and the company said rescue teams are searching for two others. At least 18 people have died at Sibanye's South African mines this year including seven trapped underground at the Masakhane mine in May. 

Nautilus secures $34m loan to progress Solwara 1 project

By: Marleny Arnoldi     11th June 2018 TSX-listed Nautilus Minerals has entered into a loan agreement with Deep Sea Mining Finance, formalising the previously disclosed secured structured credit facility of up to $34-million.  

Pembridge, Japanese trading house enter into $30m offtake financing arrangement

By: Simone Liedtke     11th June 2018 LSE-listed Pembridge Resources has signed definitive heads of terms with a global Japanese trading house to receive $30-million in prepayment financing through an offtake financing agreement for 125 000 t of copper concentrate to be produced at the Minto copper/gold/silver mine, in Canada. The... 

Ethiopian syndicate to buy 30% stake in Kefi subsidiary

By: Simone Liedtke     11th June 2018 Emerging gold producer Kefi Minerals has reached an agreement with an Ethiopian investment syndicate that wants to acquire a 30% ownership interest in Kefi subsidiary Kefi Minerals Ethiopia (KME), which holds the company’s interest in the Tulu Kapi Gold Mines (TKGM). Under the proposed terms,... 

Chaarat plans to lead consolidation in CIS region

By: Mariaan Webb     11th June 2018 London-listed Chaarat Gold’s offer to take over Kyrgyzstan’s largest gold mine, Kumtor, is only “one of a number of potential deals” that the company is considering in former Soviet Union countries, chairperson Martin Andersson said on Monday, reaffirming the junior’s strategy of selective... 

Chaarat plans to lead consolidation in CIS region
Chaarat chairperson Martin Andersson

AMCU seeks R12 500 minimum for gold miners

By: Bloomberg     11th June 2018 The Association of Mineworkers and Construction Union plans to demand a R12 500 ($956) monthly minimum wage from some of the country’s top gold producers in upcoming wage negotiations. The labor group decided on its demands on Sunday at a mass meeting near Carletonville, about 90 km west of... 

AM Resources to acquire 60% in Colombian gold property

By: Marleny Arnoldi     11th June 2018 TSX-listed AM Resources Corporation has signed an option agreement to acquire a 60% interest in a Colombian gold property and is seeking to raise $600 000 in a private placement on the TSX.  

Congo mining code regulations signed into law – aides

By: Reuters     11th June 2018 Regulations to implement Congo's new mining code have been signed into law with no changes, advisers to the prime minister told Reuters on Saturday, despite objections from mining firms that have been threatening legal action. Prime Minister Bruno Tshibala signed the regulations into law... 

Congo mining code regulations signed into law – aides
The KCD openpit gold mine, operated by Randgold, at the Kibali mining site in the Democratic Republic of Congo.

Employee killed in fall of ground at Harmony's Bambanani mine

By: Creamer Media Reporter      8th June 2018 An employee was killed in a fall-of-ground incident at Harmony Gold's Bambanani mine, in the Free State, on Friday morning. An investigation into the accident is under way. 

Farellon copper/gold mine on track to meet 5 000 t/m in June

By: Nadine James     8th June 2018 TSX-listed mineral exploration company Altiplano Metals has improved capacity at its Farellon copper/gold mine, in Chile, which was now on track to meet its targeted extraction rate of 5 000 t/ m later this month.   "Through professional management of extraction methods and operations, our team... 

Cardinal mulls larger throughput option at Ghana project

By: Nadine James     8th June 2018 Africa-focused gold miner Cardinal Resources is evaluating a larger process throughput option for its Namdini project, in Ghana, following an increase in the project’s indicated resource categorisation from 4.3-million ounces to 6.5-million ounces. Cardinal will evaluate the economic results of... 

Patagonia’s Argentina mine produces 10 662 gold-equivalent ounces in Q1

By: Marleny Arnoldi     8th June 2018 Aim-listed gold and silver miner Patagonia Gold’s Cap Oeste gold mine, in Argentina, produced 10 662 oz of gold equivalent at an average cash cost of $693/oz in the first quarter of the year.  

Patagonia’s Argentina mine produces 10 662 gold-equivalent ounces in Q1
Cap Oeste project in Argentina

Sibanye-Stillwater receives recognition for Stillwater acquisition

By: Marleny Arnoldi     8th June 2018 Precious metals miner Sibanye-Stillwater has received the ‘Global Resources and Commodities Mergers & Acquisitions Deal of the Year’ award under the large-capital segment at the tenth yearly M&A Atlas Awards gala function, for its $2.2-billion acquisition of Stillwater Mining in mid-2017.  

Sibanye-Stillwater receives recognition for Stillwater acquisition
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Northern Vertex secures right of way for construction at Moss mines

By: Simone Liedtke     8th June 2018 TSX-V-listed Northern Vertex Mining has received certified grant letters for right of way (ROW) for the powerline, fibre-optics and access road construction for the Moss gold and silver mine, in Arizona. The letters and ROW, from the Bureau of Land Management (BLM), signal a “milestone which... 

Alio Gold appoints executive VP, COO

By: Marleny Arnoldi     8th June 2018 TSX-listed gold miner Alio Gold has appointed Doug Jones as executive VP and COO.  

Nevada Sunrise acquires option to buy Nevada mine

By: Anine Kilian     8th June 2018 TSX-V-listed Nevada Sunrise Gold Corporation has entered into a 90-day due diligence period related to an option to buy the Coronado property, in Nevada. During the due diligence period, Nevada Sunrise will commission Geotech, of Aurora, Ontario, Canada, to fly a vertical transient... 

Hannan Metals to raise C$1m for Irish project

By: Marleny Arnoldi     8th June 2018 TSX-listed base metals miner Hannan Metals will raise about C$1-million through a nonbrokered private placement of up to 6.7-million units of the company at a price of C$0.15 apiece.  

Heavy rains affect production at Manica gold concession

8th June 2018 The alluvial production at the Manica gold mining concession in Mozambique for the first quarter of the year was disappointing on the back of prolonged heavy rains, although real progress was made, says diversified metals and minerals producer Xtract Resources executive chairperson Colin Bird.... 

BlueBird to acquire Oberon Gold to expand Australia portfolio

By: Marleny Arnoldi     7th June 2018 TSX-listed BlueBird Battery Metals has entered into a binding letter of intent to acquire 100% of Australian exploration company Oberon Gold from Providence Gold and Minerals.  

Mantashe says dept paying attention to seismicity to avoid fatalities

By: African News Agency      7th June 2018 Mineral Resources Minister Gwede Mantashe said on Thursday that the death-toll increase in mining accidents was a serious concern, adding that the department's Council for Geoscience (CGS) and other stakeholders were paying special attention into seismicity.  Since the beginning of 2018, a total... 

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

No let up on calls for flow-through model to boost exploration
Photo by Wynand van der Merwe
JSE business development manager Patrycja Kula-Verster

Sibanye CEO says seismic events a fact of life for South Africa mines

By: Reuters     7th June 2018 Earthquakes such as the one in which seven miners died last month in South Africa are impossible to predict and a fact of life for deep level operations there, the chief executive of the mine's owner Sibanye-Stillwater said on Thursday. Precious metals producer Sibanye has been the object of... 

Altus starts exploration at Côte d'Ivoire project

By: Creamer Media Reporter      7th June 2018 Aim- and TSX-V-listed Altus Strategies has started exploration at its 369.5 km2 Prikro gold project, in eastern Côte d'Ivoire. "Prikro is an exciting gold project located in an emerging gold province in eastern Côte d'Ivoire. The licence targets Birimian age metasedimentary belts that are... 

Russia's Polyus to decide on Sukhoi Log gold mine by 2020/21

By: Reuters     7th June 2018 Russian gold miner Polyus said on Thursday it planned to make a final investment decision on Sukhoi Log, one of the world's largest untapped gold deposits, by 2020/21, when it would also begin capital spending on construction. Should a positive investment decision be made, production would start... 

Russia's Polyus to decide on Sukhoi Log gold mine by 2020/21
Photo by Reuters
Polyus CEO Pavel Grachev

WGC sees an upturn in China's jewellery demand

By: Esmarie Swanepoel     7th June 2018 China’s jewellery market has turned a corner, which could result in an upturn in global gold demand and gold’s long-term performance, the World Gold Council (WGC) said on Thursday. China’s demand for gold jewellery more than tripled over the past 15 years, as the economy expanded and personal... 

Oz declares Avanco offer unconditional

By: Esmarie Swanepoel     7th June 2018 Copper/gold miner Oz Minerals has declared its takeover offer for fellow listed Avanco Resources unconditional. Oz Minerals is offering Avanco shareholders 8.5c in cash and 0.009 of its own shares for every Avanco share held, valuing the company at A$418-million. 

Matsa's Red Dog gets approved

By: Esmarie Swanepoel     7th June 2018 ASX-listed Matsa Resources has received mining approvals for its Red Dog gold project, in Western Australia. Matsa said on Thursday that all regulatory approvals had now been received for the project, allowing mining to start. 

Empire readies for court battle

By: Esmarie Swanepoel     7th June 2018 Junior gold miner Empire Resources is seeking legal assistance in its dealings with joint venture (JV) partner Brimstone Resources. Brimstone, which holds a 40% interest in the Penny’s Find project, has sought an injunction from the Supreme Court of Western Australia to prevent Empire from... 

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