Consultancy aiming to grow to accommodate more complex projects

Mining projects being established at remote locations need to be much larger than those operating in areas with existing infrastructure to justify capital investment in supporting infrastructure and, therefore, require higher production rates.

Premier Gold to tap markets for C$51m

Premier Gold Mines said on Monday it aimed to raise C$51.8-million through bought deal financing, the proceeds of which would go toward exploration and development. The company, which owns projects in Ontario and Nevada, hired a group of...

Hecla ties dividend to silver price

Hecla Mining, the biggest silver-miner in the US, is following the gold giant Newmont’s lead, and linking its dividend to the price of the precious metal it produces, the company said on Tuesday. The quarterly dividend starts at $0.01 a share...

Newmont likely to exit Paladin stake this year

With Newmont’s acquisition of Fronteer Gold now closed, the gold giant is likely to sell its inherited 6,7% stake in uranium miner Paladin Energy, and analysts said on Thursday it will probably do so by the end of the year. And while the...

Barrick backs off SA platinum project

Canadian gold giant Barrick Gold has decided not to develop the Sedibelo platinum project, in South Africa, as it believes the funds can be better spent on other assets, CEO Aaron Regent said on Thursday. Barrick owns 10% of the project, and...

Newmont nets almost $1,97bn in notes offering

Denver-based gold giant Newmont Mining realised about $1,97-billion in net proceeds from its public offering of senior notes, announced earlier this week, the company said on Friday. The cash could be used to fund exploration costs, project...

Barrick hikes offering to as much as $4bn on investor appetite

Barrick Gold has decided to increase its huge $3-billion bought-deal equity offering, announced on Tuesday evening, to about $3,5-billion because of strong investor demand, the gold giant said on Wednesday. Barrick's shares slid 4,8% by 10:33 in...

Barrick gains upper hand on costs

The balance of power is shifting in the wrestling match between gold giant Barrick and its sworn enemy, the cash cost, CEO Aaron Regent indicated on Thursday. Gold miners around the world have battled rising prices for fuel, equipment and labour...

Great Basin in talks with Newmont to treat more Hollister ore

Vancouver-based Great Basin Gold expects to finish refurbishing its Esmeralda mill, in Nevada, around mid-year, but is considering toll treating some ore from the company's Hollister mine in the meantime, CEO Ferdi Dippenaar said on Tuesday. The...

Donlin Creek mine could start up in 2015 – NovaGold chief

If all goes to plan, production could begin at the large Donlin Creek gold mine, in Alaska, about six years from now, NovaGold Resources president and CEO Rick Van Nieuwenhuyse said on Tuesday. NovaGold and gold giant Barrick Gold own 50% each of...

Great Basin buys Nevada mill to treat Hollister ore

Junior miner Great Basin Gold has agreed to buy a Nevada mine and mill, where the company will process ore from its nearby Hollister mine. Since production started up at Hollister, Great Basin has processed a series of ore batches at a mill owned...

Barrick to buy more Alberta oil, gas assets to hedge energy costs

Gold giant Barrick Gold has agreed to pay Daylight Resources Trust C$87,5-million in cash for oil and gas assets in Alberta, Canada, the company said on Thursday. The announcement follows Barrick's C$410-million offer for Alberta-based Cadence...