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Creamer Media Reporter

Alrosa goes deeper at Aikhal underground mine

23rd April 2019 Russian diamond major Alrosa has announced an investment of ten-billion ruble in a project that will extend the life of the Aikhal underground mine up to 2044, sustaining 500 jobs. The mining company has approved the stripping and mining of Aikhal pipe reserves at the levels of between 100 m and... 

Cornerstone and Newcrest in definitive Ecuador option agreement

23rd April 2019 Australian major Newcrest has signed a binding option and farm-in agreement with exploration company Cornerstone Capital Resources over the Caña Brava and Tioloma properties in Ecuador, targeting epithermal gold/silver and porphyry gold/copper deposits. The agreement replaces the heads of... 

Petra recovers 209.9 ct diamond at Cullinan

18th April 2019 Petra Diamonds on Friday recovered a 209.9 ct D-colour Type II gem-quality diamond at its Cullinan diamond mine, in South Africa. This is the third Type II D-colour gem-quality diamond weighing more than 100 ct recovered since March and the fourth such diamond recovered in the current financial... 

TomaGold spin-out Monster Lake takes option over property

18th April 2019 TSX-V-listed TomaGold’s proposed spin-out Monster Exploration has entered into a share purchase option agreement to acquire an option over the Philibert property, 10 km south-east of its Monster Lake property in Quebec's Chibougamau mining camp. Pursuant to the agreement, Monster has the right... 

Polymetal reports big jump in production

18th April 2019 Russian gold and silver producer Polymetal on Thursday reported a 27% year-on-year increase in first-quarter gold-equivalent (GE) production, on the back of a strong performance from its Kyzyl mine and steady operational performance at its other mines. GE production increased to 374 000 oz. Gold... 

Stornoway names new CFO

18th April 2019 TSX-listed Stornoway Diamond Corporation has a new CFO. Dino Rambidis, who Stornoway describes as a seasoned leader with extensive financial experience, has replaced Orin Baranowsky with immediate effect. 

Goldcorp and Newmont successfully create gold behemoth

18th April 2019 Gold miners Goldcorp and Newmont have successfully closed their $10-billion merger, creating the world’s largest gold mining business with operations in the Americas, Africa and Australia. Newmont Goldcorp will continue trading on the NYSE with the ticker ‘NEM’ and will begin trading on the TSX... 

Galileo raises £500 000 for Zambia zinc project

17th April 2019 Aim-listed Galileo Resources has raised £500 000 through the placing of 100-million new shares at a price of 0.5p a share. The proceeds will be used for general working capital, as well as for advancing its Star Zinc project, in Zambia. Specifically, the company plans to use the proceeds to... 

Galane resurrects Galaxy mine

17th April 2019 TSX-V-listed Galane Gold has produced its first concentrate at the Galaxy mine, in South Africa’s Mpumalanga province, as commissioning of the 15-million-tonne-a-year refurbished plant got under way. The plant was expected to reach full capacity from May onwards, the company reported on... 

First Majestic reports solid start to 2019

17th April 2019 Mexico-focused miner First Majestic Silver has had a solid start to 2019, with its first-quarter production reaching 6.3-million silver-equivalent ounces (SEOs). This compares with 3.9-million SEOs in the same quarter of 2018, and 6.5-million SEOs in the fourth quarter of last year. 

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