http://www.miningweekly.com
R/€ = 15.71 Change: 0.00
R/$ = 13.43 Change: -0.02
Au 1231.96 $/oz Change: 8.71
Pt 829.00 $/oz Change: 16.94
 

Topic

Iamgold reports 39% reserve, 16% output rise at Burkina Faso project

By: Marleny Arnoldi     6th June 2018 TSX- and New York-listed gold producer IAMGOLD has announced positive results from a prefeasibility study (PFS) for its Essakane heap leach project, in Burkina Faso.  

Iamgold to start drilling at Senegal project

By: Anine Kilian     31st May 2018 Toronto-based IAMGOLD has completed preliminary studies at Aim-listed Stratex International’s 85%-owned Dalafin gold project, in Senegal, and will soon start a 5 750 m drilling programme at the project. This follows the signing earlier this year of an $8-million earn-in agreement on Dalafin... 

Galane Gold extends exploration in Botswana

25th May 2018 Southern Africa-focused gold producer Galane Gold has completed additional exploration drilling at the Tau underground gold mine in Botswana as part of its strategy to continue to delineate the extension of Tau at depth to further expand its potential resource. "The decision to move to... 

Gold price seen 'moving north' as world fails to replace output

By: Bloomberg     5th April 2018 Bullion prices are set to rise because there’s been a lack of exploration and the global industry isn’t replacing the reserves it’s been mining, according to Stephen Letwin, CEO at Iamgold. “Gold has a much higher probability of moving north as opposed to south,” Letwin said in an interview at... 

Iamgold unveils maiden resource estimate for Monster Lake

By: Henry Lazenby     29th March 2018 Midtier gold producer Iamgold has reported a maiden resource estimate on the Monster Lake joint-venture property located 50 km southwest of Chibougamau, in Quebec. The resource estimate comprises 1.11-million tonnes of inferred resources averaging 12.14 g/t gold for 433 300 oz of contained... 

Senegal approves Stratex’s option agreement over Dalafin project

By: Simone Liedtke     26th March 2018 Gold-focused exploration and development company Stratex International has received governmental approval in Senegal for its option agreement with Iamgold’s wholly-owned subsidiary AGEM Senegal Exploration, in respect of the Dalafin gold project. This was the only condition in respect of the... 

15 MW Essakane hybrid plant inaugurated in Burkina Faso

By: Simone Liedtke     19th March 2018 The 15 MW Essakane solar plant, in northern Burkina Faso, has been officially opened. The photovoltaic (PV) plant will supply electricity to Iamgold's Essakane gold mine. 

Exploration defines new prospect at Altus’ Mali licence

By: Simone Liedtke     13th March 2018 The first phase of prospecting at exploration project generator Altus Strategies’ Sebessounkoto Sud licence, in western Mali, has defined a 2.3-km-long target – the Soa prospect.   The prospect is located about 22 km from AngloGold Ashanti and IamGold's Sadiola gold mine. “Mapping, outcrop and... 

Iamgold lifts gold reserves 86% as exploration investments pay off

By: Henry Lazenby     14th February 2018 TSX- and NSYE-listed miner Iamgold has made significant gains to its reserve base in 2017, lifting it 86% after accounting for depletion. "In 2017, we were able to crystallise significant gains in reserve ounces within the company, carrying on from our great work in 2016 to advance our high... 

Goldsource expands strategic Guyana landholdings; appoints exec chair

By: Henry Lazenby     1st February 2018 Junior gold producer Goldsource Mines has entered into an option to acquire the Bishop Growler property located about 3 km from its operating Eagle Mountain gold project, in Guyana. The Vancouver-based miner's joint venture partner Kilroy Mining agreed to the option on behalf of the company,... 

PDAC 2018 Awards Honour Industry Leaders

29th January 2018 The Prospectors & Developers Association of Canada (PDAC) is pleased to announce award recipients in seven categories for 2018. These top international and domestic performers will be honoured with a prestigious award in recognition of their excellence. The annual PDAC Awards – now in its 40th... 

Iamgold begins Monster Lake drilling project

By: Anine Kilian     23rd January 2018 TSX-listed TomaGold has confirmed that an initial resource estimate is under way for its Monster Lake joint venture project, located 50 km south-west of Chibougamau, in Quebec, Canada. The estimate will be based on data from more than 80 000 m of drilling completed by TomaGold’s joint venture... 

Year's best commodities fund is betting on 2018 mining M&A

By: Bloomberg     29th December 2017 This year’s best-performing commodity fund is betting on more mining companies turning to deal-making for growth in 2018. Commodity Capital Global Mining Fund racked up returns of 106% this year, the best performance among 409 commodity-focused funds tracked by Bloomberg, excluding... 

Funding made available to advance Burkina Faso solar project

By: Megan van Wyngaardt     22nd November 2017 The Banque Internationale pour le Commerce, l’Industrie et l’Artisanat du Burkina (BICIAB), a BNP Paribas Group subsidiary, will provide $16.5-million in financing to Eren Renewable Energy for a 15 MW solar power plant that is under construction in Burkina Faso. The funding was granted to... 

Altus sets out intention to buy Legend Gold

By: Ilan Solomons     11th October 2017 Africa-focused exploration project generator Altus Strategies has signed a nonbinding letter of intent to buy gold exploration company Legend Gold Corp – a TSX-V-listed company with a portfolio of gold projects in Mali. Aim-listed Altus plans to acquire a 100% interest in Legend and is offering... 

Cora Gold lists on Aim; to advance Mali exploration

By: Anine Kilian     9th October 2017 West Africa-focused gold developer Cora Gold has started trading on the Aim. As part of the admission process, the company has raised £3.45-million through the placing and subscription of 20.93-million new ordinary shares at a placing price of 16.5p each, implying a market capitalisation of... 

Market Report: How carbon is shaping energy for mines

By: Creamer Media Reporter      20th September 2017 By Catherine Skrzypinski, Energy and Mines Alongside power security and cutting energy costs, reducing the emissions intensity of mining operations has been elevated to a top strategic concern for the global mining sector. The combination of carbon pricing in key mining markets and increased... 

Monster Lake project partners Iamgold, TomaGold trace bonanza grades

By: Henry Lazenby     7th July 2017 Exploration partners Iamgold and TomaGold have reported bonanza grades at the Monster Lake gold project, located 50 km southwest of Chibougamau, in Quebec. Toronto-based Iamgold, which is earning a 75% interest in the project, on Thursday reported results from the final 14 holes of the winter... 

Implementation of hybrid renewable-diesel microgrids set to increase

By: Nadine James     30th June 2017 Mining houses’ use of microgrids and renewable energy to generate power and supplement diesel energy at isolated mining operations has been steadily increasing, says renewable-energy and microgrid consultant THEnergy. THEnergy founder and MD Dr Thomas Hillig notes that the company has been... 

Iamgold completes Côté stake sale

By: Creamer Media Reporter      21st June 2017 Canadian gold miner Iamgold has completed the sale of a 30% interest in the Côté gold project, in Ontario, to a subsidiary of Sumitomo Metal Mining for $195-million. Iamgold, which still owns the remaining 70% interest in the project, has received $100-million in cash and the balance is payable... 

Iamgold rises on 30% Côté stake sale, positive PFS results

By: Henry Lazenby     6th June 2017 The TSX-listed stock of Canadian gold producer Iamgold gained nearly 12% on Tuesday following news late on Monday that it has agreed to sell a 30% stake in its Côté gold project, in Ontario, and the publication of a positive prefeasibility study (PFS) for the mine. Tokyo-based Sumitomo Metal... 

Spencer appointed as Aurania president; shareholders approve EcuaSolidus acquisition

By: Henry Lazenby     30th May 2017 Junior explorer Aurania Resources has appointed board member Dr Richard Spencer as its new president. Spencer, who will continue to act in his current roles of president and CEO of TSX-listed U3O8 Corp, will be responsible for the financial and operational performance of Aurania, as it searches... 

Botswana agency to support installed base, new projects

By: Simone Liedtke     26th May 2017 Key mining, materials handling and minerals processing equipment supplier Takraf Africa – part of the global Tenova Takraf group – has appointed engineering service agency Etuba Engineeringits agent in Botswana. Takraf Africa engineered technologies GM Richard Späth tells Mining Weekly that the... 

Iamgold stock in demand as Q1 earnings excite

By: Henry Lazenby     11th May 2017 Canadian midtier miner Iamgold has significantly increased gross earnings in three months ended March, as higher output was underpinned by the Westwood mine, in Quebec, while lower costs dovetailed into higher realised prices, the company announced after market closed on Tuesday.... 

Radisson chases potential ‘game-changing’ discovery at high-grade O’Brien project

By: Henry Lazenby     28th March 2017 Following on the heels of a successful 2016 exploration campaign, junior explorer Radisson Mining Resources has doubled its current drill programme to 20 000 m and added a second drill at the O’Brien project, cut by the prospective regional Larder-Lake-Cadillac Fault, in Quebec. Emboldened by... 

Iamgold completes $400m notes offering

By: Henry Lazenby     17th March 2017 Canadian midtier gold miner Iamgold has completed an offering of $400-million aggregate principal amount of 7% senior notes due in 2025. The company said it intends to use the net proceeds of the notes, together with existing cash on hand, towards the redemption, by April 2, of its $489-million... 

Optimism on minerals seen seeping down to grassroots explorers

By: Henry Lazenby     15th March 2017 Noting the optimism exhibited at the recent Prospectors and Developers Association of Canada (PDAC) international convention, held in Toronto, project generator Transition Metals says the fundamental shift in confidence it saw over the past year is consistent with this. “If you look at the... 

Iamgold prices $400m of senior notes due 2025

By: Henry Lazenby     10th March 2017 Midtier gold miner Iamgold has priced a private offering of $400-million principal amount of senior notes due 2025, the proceeds of which it will use to redeem its $489-million of outstanding 6.75% senior notes due in October 2020, by April 2. The notes bear a coupon of 7% and are being issued at... 

Iamgold launches $500m senior notes offering

By: Henry Lazenby     3rd March 2017 Canadian midtier miner Iamgold has launched a $500-million senior notes offering due 2025, which it will use in combination with cash on hand to redeem its outstanding 6.75% senior notes due in 2020. Under the terms of the indenture governing the existing notes, Iamgold will issue a conditional... 

Conway to step in as Primero interim CEO

By: Henry Lazenby     24th February 2017 Precious metals producer Primero Mining announced late on Thursday that the company and president and CEO Ernie Mast have agreed that Mast will leave the company by no later than March 6. He will be succeeded by former CEO Joseph Conway in the interim. Mast will help with the transition process... 

Iamgold shores up balance sheet with another $80m added to credit facility

By: Henry Lazenby     9th February 2017 The banking syndicate supporting Canadian gold miner Iamgold’s existing credit facility has added a commitment of $80-million to take the corporate facility $250-million. Canadian financial partners Royal Bank of Canada, the Toronto-Dominion Bank and Export Development Canada on Tuesday joined... 

Iamgold clears major assessment hurdles at Côté, Northern Ontario

By: Henry Lazenby     28th January 2017 Mid-tier gold producer Iamgold has completed a preliminary economic assessment (PEA) on its Côté gold project in Northern Ontario, outlining positive metrics that support development following the completion of a prefeasibility study. The company also announced Thursday that it had received... 

TSX notches small gain as materials stocks rise

By: Reuters     23rd December 2016 Canada's main stock index edged higher in morning trade on Friday as materials stocks led a broad but shallow rally and some heavyweight financial shares slipped. At 10:07 am ET, the Toronto Stock Exchange's S&P/TSX composite index was up 23.84 points, or 0.16%, at 15 359.07. It is on track for... 

Iamgold gobbles up JV partner Merrex

By: Henry Lazenby     23rd December 2016 Canadian multinational miner Iamgold has agreed to buy Merrex Gold, thereby consolidating its interest in the noteworthy Siribaya gold project, in Mali. Siribaya is operated by Iamgold under a 50/50 JV with Merrex Gold, in which it already owns a 23% stake. 

Damang mine, Ghana

By: Sheila Barradas     11th November 2016 A gold mine, in south-western Ghana and to the north of and joining the Tarkwa concession. 

Iamgold revenues rise on strong performance at key assets

By: Henry Lazenby     9th November 2016 The TSX-listed stock of Canadian miner Iamgold on Tuesday rose as much as 13% to C$6.02 apiece after the company late Monday reported strong third-quarter operating and financial performance metrics. Revenues from continuing operations for the quarter ended September rose 36% year-on-year to... 

Mines turn to off-grid power amid low commodity prices, revenue

By: Simone Liedtke     28th October 2016 More companies are considering the use of an independent power producer (IPP) to meet their mines’ energy needs, as many projects are under pressure to achieve capital savings to weather the current operating environment comprising low commodity prices and diminished revenue streams. 

Tarkwa mine, Ghana

By: Sheila Barradas     28th October 2016 A gold mine, in south-western Ghana. 

First
Prev
1
2 3 Next Last

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
Free daily email newsletter Register Now
Close