Higher gem prices could boost Shore Gold's planned diamond output

Shore Gold, which will complete feasibility study on what could be Saskatchewan’s first diamond mine this month, might see production levels higher than the 1,8-million carats a year initially envisaged because of rising gem prices, a...

Fronteer investors approve acquisition by Newmont

Shareholders in Vancouver-based Fronteer Gold have approved the acquisition of the company by US gold major Newmont Mining. More than 99,7% of the securities voted at the meeting were in favour of the deal, in which Fronteer shareholders will...

Great Basin Gold concludes ore purchase agreement with US major

Gold-mining junior Great Basin Gold (GBG) has signed an ore purchase agreement with US major Newmont Mining to sell up to a maximum of 50 000 t, but not less than 35 000 t of ore, currently stockpiled at its Hollister property, in Nevada, US.

Great Basin to sell Hollister ore to Newmont

Vancouver-based Great Basin Gold had entered into a purchase agreement to sell stockpiled ore at its Hollister property in Nevada to US gold major Newmont Mining. The stockpile currently consists of about 51 000 wet tons of ore, containing an...

Newmont approves sale of Australian gold project to Tanami

Australian junior Tanami Gold would move ahead with exploration activities at the Groundrush project in the Northern Territory in April, MD Graeme Sloan said on Wednesday. This comes as US gold major Newmont Mining’s board approved the sale of...

Goldcorp matches rival offer for Canplats

Vancouver-based Goldcorp has delivered a new offer for junior Canplats Resources, matching a competing bid from a joint venture owned by LSE-listed Fresnillo and US gold major Newmont Mining.

Newmont more interested in producing assets as potential targets

Denver-based gold major Newmont Mining continues to look with interest at potential acquisitions, but is more likely to be lured by a mine already – or nearly – in production, than earlier-stage exploration and development assets, CEO Richard...

Newmont Mining reports $10m profit for Q4

Denver-based gold major Newmont Mining earned net income of $10-million in the fourth quarter of 2008, compared with a year-earlier loss of $289-million, the firm reported on Thursday morning. Profit was buoyed by strong realised gold prices, but...

Project delays, mine shutdowns and cutbacks

A chronological summary of project delays, mine shutdowns and production cutbacks announced by miners around the world in response the falling metals prices and tightening financial markets. Begins July 2008.

Newmont hopes to turn market mayhem to advantage

Denver-based gold major Newmont Mining may delay some projects because of turbulence in financial and commodities markets, but the company also sees opportunities to benefit from the current environment, president and CEO Richard O'Brien said on...

Great Basin may build own mill in Nevada to escape 'painful' toll-treating costs

Vancouver-based Great Basin Gold (GBG) is considering several alternatives to treat the ore from its Hollister mine, in Nevada, in the short term, and will more than likely look at buying or building its own mill as a medium- to long-term...

Canadian diamond explorers need 'blockbuster' discovery to recapture market's attention

Despite reasonably robust levels of activity in Canadian diamond exploration, the market has “completely lost interest” in the sector, says independent analyst and editor and publisher of the well-respected Kaiser Bottom-Fishing Online, John...