R/€ = 16.12 Change: -0.09
R/$ = 14.46 Change: -0.08
Au 1286.05 $/oz Change: 12.95
Pt 802.26 $/oz Change: -7.14

Creamer Media Reporter

McEwen appoints new Nevada GM, declares commercial production at Gold Bar

23rd May 2019 NYSE- and TSX-listed McEwen Mining has reached commercial production at its Gold Bar mine, which is under the supervision of its new Nevada general manager (GM), Jack Henris. Henris joined McEwen from Goldcorp, where he was VP of mining and geotechnical. His appointment is aimed at driving... 

C$3.5m project supports Newmont Goldcorp’s 4.0 vision in Quebec

23rd May 2019 Gold major Newmont Goldcorp’s vision to create Quebec’s first interconnected “mine of the future” received a boost on Wednesday, when a C$3.5-million project to connect the Eleonore mine to a high-speed network was unveiled. The project, which is to be delivered by non-profit organisation Eeyou... 

Equinox Gold sells Elk Gold property

22nd May 2019 TSX-V-listed Equinox Gold has sold its Elk Gold property, in British Columbia, to private explorer Bayshore Minerals for $10-million. The company will receive $1-milion in cash on closing of the sale and $9-million in a first ranking secured promissory note payable in yearly installments of... 

Tethyan to redomicile from UK to Canada

22nd May 2019 Serbia-focused Tethyan Resources has announced that it will redomicile the company from England and Wales to British Columbia, Canada, to avoid the UK stamp duty tax. The UK stamp duty tax – a tax of 0.5% payable to HM Revenue and Customs Stamp Office – is unfamiliar to many investors that... 

Opinion piece: Beef up visual security to clamp down on illegal mining

22nd May 2019 By Laurence Smith, Executive at Graphic Image Technologies In 2017, it was estimated that South Africa’s illegal mining trade was worth R7 billion a year, and in 2015 the SA Human Rights Commission estimated that there were an active 30 000 illegal miners (known as zama-zamas). It has been... 

Oriole sets its sights on a bigger footprint in Cameroon

21st May 2019 Aim-listed Oriole Resources plans to capitalise on its position as a first-mover in Cameroon to expand its footprint in the country alongside its partner Bureau d'Etudes et d'Investigations Géologico-minières, Géotechniques et Géophysiques (BEIG3). Oriole previously entered into earn-in... 

First ore fed into La Parrilla jig plant

21st May 2019 Aim-listed W Resources on Tuesday announced the first ore feed to the newly commissioned jig and mill plant at the La Parrilla tungsten mine in Spain. This follows construction completion in April and commissioning of the conveyors, pumps, thickener, two mills and two jigs over the past month. 

De Beers records lower sales amid macroeconomic uncertainty

21st May 2019 The value of De Beers’ rough diamond sales for the fourth cycle of this year fell year-on-year “against a backdrop of macroeconomic uncertainty”, CEO Bruce Cleaver said on Tuesday. Sales decreased to $415-million, compared with $554-million in the fourth sales cycle of 2018. 

Traka accelerates expansion into wider African markets

20th May 2019 Leveraging on almost two decades of experience in South Africa, and a presence in a further six African countries, networked key and equipment management solutions company Traka Africa announces an acceleration in their growth strategy. It plans to open new operations or expand more widely in... 

Simplified backfill

20th May 2019 Victaulic, the world’s leading manufacturer of mechanical pipe-joining systems, has seen great success with the introduction and implementation of its series 725 diverter valve, and its impact on the South African mining industry. As the industry’s first grooved-end valve designed specifically... 

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