http://www.miningweekly.com
R/€ = 15.96 Change: -0.59
R/$ = 14.17 Change: -0.59
Au 1325.30 $/oz Change: -15.47
Pt 1081.50 $/oz Change: -26.00
 

Topic

Randgold demonstrates community commitment in DRC

By: David Oliveira     17th June 2016 The successful development of gold producer Randgold Resources’ Kibali gold mine in the north-eastern Orientale province of the Democratic Republic of Congo (DRC) has demonstrated the capacity of mining to boost the economies of African countries and improve the lives of their people, company CEO... 

Klondex expects True North development decision in Q3

By: Henry Lazenby     15th June 2016 Junior gold producer Klondex Mines expects to make a development decision on its recently acquired True North gold mine, formally known as the Rice Lake mine, in Manitoba, following a mineral resource update expected in the third quarter. The TSX-listed miner advised that it expected to recover... 

Project consolidator Oban rebrands as Osisko Mining, updates Marban resources

By: Henry Lazenby     14th June 2016 A famous name in Canada’s recent gold mining history lives again after project consolidator Oban Mining formally announced Tuesday that it would change its name to Osisko Mining. The company said the rebranding exercise would better reflect the corporation's current management, board and... 

Tyranna reinforces stake in Challenger gold assets

By: Samantha Herbst     14th June 2016 Resource and exploration company Tyranna Resources has initiated a formal dispute process as a result of repeated claims allegedly made by emerging gold producer WPG Resources that part of exploration licence 5661, which surrounds South Australia’s Challenger gold mineral lease, does not form... 

Tahoe’s head of Canadian ops to become Kirkland Lake Gold CEO

By: Henry Lazenby     13th June 2016 Intermediate gold producer Kirkland Lake Gold on Monday announced that president and CEO George Ogilvie resigned from the company and board on Sunday, with Tahoe Resources’ head of Canadian operations Anthony Makuch taking his place in the weeks to come. Current director Barry Olson would assume... 

Heightened mining M&A predicted for Brazil as prices surge, debt-burdened majors seek to offload assets

By: Mia Breytenbach     10th June 2016 There will be elevated investment, and merger and acquisition (M&A) activity in Brazil's mining industry over the coming quarters, supported by vast mineral reserves, stabilising mineral prices and debt-burdened major producers who are keen to offload assets, predicts research firm BMI Research.... 

Richmont closes C$31.1m financing, ups Island Gold exploration budget

By: Henry Lazenby     7th June 2016 Junior gold producer Richmont Mines has closed a common share financing deal for gross proceeds of about C$31.1-million. The Toronto-based miner had issued 2.6-million shares, including an over-allotment of 390 000 shares, at C$10.40 apiece. 

WPG awarded new mineral lease for Challenger

By: Samantha Herbst     6th June 2016 Emerging gold producer WPG Resources was on Monday granted a new mineral lease for its Challenger operation in Central South Australia. South Australia MP Tom Koutsantonis confirmed the grant on behalf of the state. 

Centerra starts Mexican exploration campaign

By: Henry Lazenby     1st June 2016 Canadian gold producer Centerra Gold has started an exploration campaign at TSX-V-listed Millrock Resources’ Los Chinos and Los Cuarentas gold projects in Sonora State, Mexico. The two companies had on March 30 announced an option-to-joint-venture agreement under which Centerra could earn a 70%... 

Metminco completes acquisition of Colombian gold portfolio

By: Creamer Media Reporter      31st May 2016 ASX- and Aim-listed Metminco has completed the acquisition of Minera Seafield, which owns the Quinchia gold asset portfolio, in Colombia, from RMB Australia. Metminco announced in March that it had signed a heads of agreement with RMB Australia to acquire the portfolio in exchange for up to... 

Challenger mine resumes operations, produces first gold

By: Samantha Herbst     31st May 2016 After being temporarily suspended by its former owner in March, the Challenger gold mine, in South Australia, has resumed production and site operations, with the first gold bar produced on Tuesday under the mine’s new owners, ASX-listed gold producer WPG Resources and joint venture partner... 

RNC’s Beta Hunt ramp-up ahead of schedule

By: Henry Lazenby     30th May 2016 Canadian gold producer Royal Nickel Corporation (RNC) is ahead of the ramp-up schedule for its Beta Hunt mine during May, hitting about 65% of the year-end mining rate target, which is ahead of the ramp-up schedule planned in the Beta Hunt preliminary economic assessment, the company reported on... 

Mantle advances strategy to become Australia’s newest gold producer

By: Mariaan Webb     30th May 2016 ASX-listed junior Mantle Mining has developed a detailed plan to bring the historic Morning Star gold mine, in Victoria, into production, MD Ian Kraemer reported on Monday. The mine, which Mantle recently bought, was once the country’s most prolific gold producer and formed a key part of the... 

Australian gold output declines as producers cut grades

     30th May 2016 Although Australian gold output declined slightly in the first three months of 2016, the country’s gold sector is benefiting from higher prices, Melbourne mining consultants Surbiton Associates said in its latest quarterly gold survey, published on Sunday. Australian gold production totalled 71 t... 

Canadian gold producer invests $11m in embattled Vantage Goldfields

By: Samantha Herbst     27th May 2016 Canadian gold producer AfroCan Resources Gold will invest $11-million over the next two months into South African gold miner Vantage Goldfields, effective June 1, following an agreement signed Friday, Vantage confirmed to Mining Weekly Online. The companies noted in a join statement that AfroCan,... 

Sarama acquires Bondi gold deposit

By: Anine Kilian     24th May 2016 TSX-listed Sarama Resources has signed a binding heads of agreement with gold producer Orezone Gold to to acquire its Bondi gold deposit, which is near Sarama’s South Houndé project, in south-western Burkina Faso. The South Houndé and Karankasso projects were located 30 km from Bondi, presenting... 

Venture soothes concern over Thai ops as Kingsgate runs into trouble

By: Esmarie Swanepoel     12th May 2016 Metals explorer Venture Minerals has moved to allay shareholder fears over its operations in Thailand, after gold producer Kingsgate Consolidated encountered issues in the country. Kingsgate this week suspended share trading regarding the uncertainty around the renewal of its metallurgical... 

Eldorado swings to Q1 headline loss, homes in on project pipeline

By: Henry Lazenby     12th May 2016 Geographically diversified Canadian gold producer Eldorado Gold has swung to a first-quarter headline loss of $700 000, or nil per share, as gold sales volumes fell 27% year-on-year, along with slightly lower gold prices, resulting in a 29% drop in gold revenues. The company reported adjusted net... 

Kinross beats Q1 earnings expectations despite lower prices, operating earnings

By: Henry Lazenby     11th May 2016 Canadian gold producer Kinross Gold has reported adjusted net earnings attributable to common shareholders in the first quarter of $1.4-million, or nil per share, compared with adjusted net earnings of $15.3-million, or $0.01 a share, for the comparable period in 2015. The financial performance... 

Thunderbox reaches commercial milestone

By: Esmarie Swanepoel     10th May 2016 The Thunderbox gold mine, in Western Australia, reached its commercial production milestone at the start of April this year, owner Saracen Mineral Holdings reported on Tuesday. The project, which was expected to pour its first gold in June, was now operating at its nameplate capacity of... 

Shanta Gold strengthens financial position through share placing

By: Anine Kilian     6th May 2016 East-Africa focused gold producer Shanta Gold has successfully completed an oversubscribed bookbuild for the conditional placing of about 111-million new ordinary shares. These shares were conditionally placed by stockbroking and advisory house Peel Hunt at 6.5p a share, with certain existing,... 

Crushing circuit commissioned at Côte d’Ivoire gold operation

By: David Oliveira     6th May 2016 Africa-focused gold producer Randgold Resources announced last month that it had commissioned its fourth-stage crushing circuit at its Tongon gold mine, in Côte d’Ivoire, completing an extensive capital project designed to improve throughput and recovery.  The new circuit is being optimised.... 

Power, equipment challenges impede Metallon’s Q1 production

By: Creamer Media Reporter      5th May 2016 Power supply interruptions and equipment breakdowns have contributed to a 15% year-on-year decrease in Zimbabwe-based Metallon Corporation’s production for the quarter ended March 31. The company on Thursday reported production of 20 676 oz for the quarter under review, compared with the 24 386... 

Agnico Eagle soars on strong Q1 financials

By: Henry Lazenby     29th April 2016 Canadian gold producer Agnico Eagle Mines has recorded a 9.21% bump in its NYSE-listed stock price on Friday, testing new 12-month highs of $47.33 a share after reporting strong first-quarter earnings. For the three months ended March 31, the Toronto-headquartered miner had reported adjusted net... 

Still demand for education in mining

By: Kimberley Smuts     29th April 2016 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... 

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

By: Henry Lazenby     28th April 2016 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... 

New Gold reports strong Q1 output

By: Henry Lazenby     27th April 2016 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... 

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

By: Esmarie Swanepoel     27th April 2016 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... 

Barrick surprises on the upside despite Q1 production loss

By: Henry Lazenby     26th April 2016 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... 

With first sales under belt, Goldsource eyes adding an excavator at Eagle Mountain

By: Henry Lazenby     20th April 2016 Since starting commissioning activities late January, Guyana-focused gold producer Goldsource Mines has recorded sales of 81.7 oz of the yellow metal on April 14, at $1 240/oz. With a declaration of commercial production imminent, the TSX-V-listed project developer said Wednesday it would add a... 

Goldplat lifts Q1 production

By: Dylan Slater     20th April 2016 Aim-listed Goldplat produced 7 252 oz of gold in the first quarter of this year, thereby contributing to continued profitability and steady progress on priority capital projects. During the quarter under review, the South Africa-based Goldplat Recovery (GPL) produced 4 864 oz of gold, of which 3... 

Excelsior starts mining at Zoroastrian

By: Esmarie Swanepoel     19th April 2016 Mining has started at Excelsior Gold’s Zoroastrian Central openpit mine, within its Kalgoorlie North gold project. The ASX-listed company said on Tuesday that the first Zoroastrian ore was hauled to the Paddington mill earlier in April, following the conclusion of initial start-up mining from... 

Goldsource to accelerate expansion plan at Eagle Mountain

By: Henry Lazenby     18th April 2016 Guyana-focused gold producer Goldsource Mines will use the proceeds from exercised warrants for working capital and accelerating planned expansion of production at its Eagle Mountain gold mine, where it last month started first production. The TSX-listed company on Monday advised that... 

Richmont on the up as output rises and costs decline

By: Henry Lazenby     13th April 2016 Small-scale gold producer Richmont Mines has increased consolidated output in the first three months ended March 31 by 25% year-on-year to 32 369 oz of gold, while simultaneously driving costs per ounce down 18% to C$806, the company announced Tuesday. The TSX- and NYSE MKT-listed miner reported... 

Torex strikes deal with local group blocking access to El Limon-Guajes mine

By: Henry Lazenby     12th April 2016 Canadian gold producer Torex Gold has reached an agreement with local families blocking access to the El Limon-Guajes (ELG) mine, in Mexico, for more than a week, saying operations will be restarted during the night shift on Thursday. Less than a week after declaring commercial production, Torex... 

Coeur reports 15% quarter-on-quarter drop in silver equivalent output

By: Henry Lazenby     8th April 2016 Silver producer Coeur Mining has reported a 15% quarter-on-quarter drop in silver equivalent output during the three months ended March 31, stating the performance was in-line with expectations as a transition to lower-tonnage, higher-grade and higher-margin underground operations at Guadalupe... 

New Act to curb illegal mining in Ghana

By: Robyn Wilkinson     8th April 2016 Enforcing the new Minerals and Mining Amendment Act (MMAA) No 900 of 2014 will do much to reduce the onslaught of illegal, or galamsey, miners on mining concessions in Ghana, claims Ghana Chamber of Mines external relations and communications director Ahmed Nantogmah. 

Centerra secures $150m credit facility to develop Öksüt in Turkey

By: Henry Lazenby     6th April 2016 Canadian gold producer Centerra Gold has secured a $150-million project financing term loan that it would use to develop the Öksüt project, in Turkey. The company’s Turkish subsidiary Öksüt Madencilik Sanayi ve Ticaret (OMAS) will use the facility to finance a substantial portion of the... 

Latest News

more

Latest Videos

more

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Close