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Gold News
World's No 1 gold complex taking shape – Barrick
By: Mariaan Webb Updated 9 minutes ago The creation of the world’s largest gold producing complex, the yet-to-be-named joint venture (JV) of Barrick Gold and Newmont Goldcorp in Nevada, has cleared all regulatory conditions required for its completion, Canadian miner Barrick reported on Monday. This comes as the US Federal Trade... →
Canadian miner finds new high-grade zinc and gold deposit
19th April 2019 Canadian mining company Hudbay Minerals has announced the discovery of 35.6 m of high-grade mineralisation including both zinc-rich massive sulphides and gold. The deposit is located between the old Chisel North mine and the producing Lalor mine in Manitoba, Canada, at a down hole depth between... →
Underground copper project start remains on track
19th April 2019 Copper ore company Nevada Copper has confirmed that its Pumpkin Hollow underground copper project remains on target to start production in the fourth quarter this year. Pumpkin Hollow is located in Nevada, in the US and has substantial reserves and resources including copper, gold and silver. →
Construction at Turquoise Ridge mine progresses
19th April 2019 Construction of a third shaft at mining company Barrick Gold’s underground mine Turquoise Ridge in Nevada, in the US, continues to advance according to schedule and within budget, the miner noted in its financial report, released in February. Efforts for this year will focus on shaft sinking and... →
Ivanplats to complete early-works construction at Platreef Shaft 2
By: Mc'Kyla Nortje 19th April 2019 Ivanplats, the South African subsidiary of Ivanhoe Mines, is expected to complete early-works construction at Shaft 2 of the Platreef palladium/platinum/nickel/copper/gold/rhodium project, near Mokopane, in Limpopo, South Africa, in the second quarter, says Ivanplats VP and project director... →
Mining sector’s pursuit of ‘zero harm’ continues
By: Simone Liedtke 19th April 2019 The South African mining industry has continuously recommitted to the shared aspiration of zero harm, which aims to ensure that mineworkers return home from work unharmed every day. While there was an 86% decline in the number of fatalities from 1994 to 2016, the death of 90 mineworkers marked a... →
Roxgold to start drilling at newly acquired Séguéla
By: Marleny Arnoldi 18th April 2019 TSX-listed Roxgold has completed a previously announced portfolio acquisition worth $20-million from Newcrest West Africa, which comprises 11 exploration permits in Côte d'Ivoire. The transaction includes the Séguéla project, which CEO and president John Dorward says has significant growth... →
Barrick's quarterly performance in line with operating plan
By: Mariaan Webb 18th April 2019 Gold mining major Barrick Gold on Thursday reported a solid operating performance across its portfolio, announcing preliminary first-quarter production of 1.37-million ounces of gold and 106-million pounds of copper. This, the NYSE- and TSX-listed company said, was in line with its operating... →
TomaGold spin-out Monster Lake takes option over property
By: Creamer Media Reporter 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... →
Mantashe, Oliphant welcome end to Sibanye-Stillwater gold strike
By: Simone Liedtke 18th April 2019 Mineral Resources Minister Gwede Mantashe and Labour Minister Mildred Oliphant have welcomed the end of the Association of Mineworkers and Construction Union’s five-month strike at Sibanye-Stillwater’s gold operations. The parties announced the resolution of their differences on Wednesday. →
Polymetal reports big jump in production
By: Creamer Media Reporter 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... →
Shanta achieves strong first-quarter performance
By: Tasneem Bulbulia 18th April 2019 East Africa-focused gold producer Shanta Gold had a strong start to 2019 – with the quarter ended March 31 having been its best opening quarter in three years in terms of production. Its costs were also well below guidance. →
Weednanna proves promising for Alliance
By: Esmarie Iannucci 18th April 2019 The Weednanna gold project, in South Australia, would likely require a capital investment of some A$44.4-million, a scoping study has found ASX-listed Alliance Resources on Thursday said that the scoping study, based on a 250 000 t/y gold processing plant and tailings storage facility, had... →
St Barbara books solid quarter
By: Esmarie Iannucci 18th April 2019 Gold miner St Barbara has revised its production forecast at both its Gwalia and Simberi operations, in Western Australia and Papua New Guinea respectively. The ASX-listed miner was now expecting Gwalia to produce between 235 000 oz and 240 000 oz in the full 2019, compared with the previous... →
Resolute inks new mining convention in Mali
By: Esmarie Iannucci 18th April 2019 Gold miner Resolute Mining has struck a new Mining Convention with the Mali government over its Syama gold mine, lowering the income tax rate on the project from 35% to 25%. Resolute on Thursday reported that the Mali government had also granted a further ten-year extension to the Syama mining... →
Majority of B2Gold’s mines outperform guidance in strong first quarter
By: Nadine James 18th April 2019 TSX-listed B2Gold exceeded its first-quarter production and sales guidance by 6%, producing 230 859 oz and selling 232 076 oz of gold. The Fekola, Masbate, Otjikoto and El Limon mines all exceeded their targeted production, with the Mali-based Fekola and the Philippines-based Masbate mines,... →
NGEx to separate Argentina and Chile projects with spin-out
By: Mariaan Webb 18th April 2019 Vancouver-based copper/gold explorer and developer NGEx Resources has announced that it will spin out its Los Helados project, in Chile, into a wholly-owned subsidiary, Spinco, to allow it to focus on the more advanced Josemaría project, in Argentina, which is now advancing to the feasibility... →
Goldcorp and Newmont successfully create gold behemoth
By: Creamer Media Reporter 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... →
Five-month gold strike is over 
By: Martin Creamer 17th April 2019 The five-month strike by the Association of Mineworkers and Construction Union (AMCU) at Sibanye-Stillwater’s South African gold operations is over. Parties have acknowledged that it is in their interest to rebase and develop a constructive relationship going forward, Sibanye-Stillwater said in a... →
Moroccan miner Managem considering raising $200m in bond sales
By: Reuters 17th April 2019 Morocco's leading mining firm Managem says it is considering raising $200-million through the sale of nonconvertible bonds with a maturity of up to seven years, to fund its development plans. The terms of the issuance will have to be approved by its general assembly on May 6, Managem said in a... →
Altus defines further prospect at Mali gold project
By: Marleny Arnoldi 17th April 2019 Aim- and TSX-V-listed Altus Strategies has defined a further significant prospect at its Diba gold project, in Mali. "Our detailed review of Diba's historical data, as reported on February 4, identified multiple priority drill targets including a 1.85-km-long anomalous zone adjacent to the... →
Geopolitical, economic uncertainty pushes European ETPs to record high in first quarter – WGC
By: Nadine James 17th April 2019 Since the start of 2016, assets in European gold-backed exchange-traded products (ETPs) have grown rapidly, hitting a record high of 1 121.4 t ($48-billion) in the first quarter of this year, the World Gold Council (WGC) reported on Wednesday. Since their emergence in 2003, gold-backed ETPs have... →
Galane resurrects Galaxy mine
By: Creamer Media Reporter 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... →
Evolution remains on track for full-year target
By: Esmarie Iannucci 17th April 2019 ASX-listed gold miner Evolution Mining has reported a fall in gold production for the three months to March, with the company remaining on track to reach its full year production guidance. Gold production in the March quarter was reported at 175 901 oz, down from the 181 996 oz delivered in the... →
First Majestic reports solid start to 2019
By: Creamer Media Reporter 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. →
Saracen reports record quarter as Thunderbox rumbles
By: Esmarie Iannucci 17th April 2019 Gold miner Saracen Mineral Holdings has reported a record quarter during the three months to March, on the back of record production from its Thunderbox project, in Western Australia. Gold production in the March quarter reached 89 208 oz, up from the 88 833 oz produced in the previous quarter,... →
Kibali to break more records this year – Bristow
By: Nadine James 17th April 2019 The Kibali gold mine – ranked among the world’s top ten gold mines – has “made a strong start” to this year after having set a new production record in 2018, Barrick Gold president and CEO Mark Bristow says. Bristow says the mine, which is a joint venture with AngloGold Ashanti and Democratic... →
Barrick Gold president and CEO Mark Bristow
Polymetal listed on Kazakh AIX bourse
By: Reuters 17th April 2019 Shares in Russian gold and silver producer Polymetal have been listed on Kazakhstan's Astana International Exchange (AIX), the bourse said on Wednesday. Polymetal's main listing is in London and the company has a market capitalisation of $5-billion. One of Polymetal's projects is the Kyzyl mine... →
Kinross culls two senior positions from management team
By: Creamer Media Reporter 17th April 2019 Senior gold miner Kinross Gold on Tuesday announced that two senior members of its leadership team would leave the company by mutual agreement, as part of a cost management and efficiency improvement drive. Senior VP and COO Lauren Roberts and senior VP for human resources Gina Jardine would... →
SSC takes Vantage to court in Lily, Barbrook mines transfer dispute
By: Marleny Arnoldi 16th April 2019 Siyakhula Sonke Empowerment Corporation (SSC) and its subsidiary Flaming Silver has filed an urgent application in the Mpumalanga High Court to resolve a dispute with Vantage Goldfields South Africa regarding a sale of shares agreement for the Lily and Barbrook mines, in Mpumalanga. →
Gold output to reach record high this year – report
By: Nadine James 16th April 2019 Gold production increased for the tenth consecutive year in 2018 to 107.3-million ounces and is expected to reach a new record high of 109.6-million ounces this year, S&P Global Market Intelligence research analyst Christopher Galbraith said on Tuesday. He noted that while the year-on-year... →
Sanbrado optimised study predicts 300 000 oz in first year – West African
By: Nadine James 16th April 2019 Sydney-listed West African Resources has increased its forecast yearly gold production from the Sanbrado mine, in Burkina Faso, following an optimised feasibility study. Announcing the results of the study on Tuesday, the company said that Sanbrado would produce 301 000 oz in its first year of... →
OceanaGold to earn into Nevada gold project
By: Creamer Media Reporter 16th April 2019 Australia-based midtier miner OceanaGold has struck an earn-in deal in Nevada, in the US, with American Pacific Mining (APM), in terms of which it could hold a controlling interest in the Tuscarora project. OceanaGold will earn a 51% stake by spending $4-million over the next four years, and will... →
WGC, ICBC sign MoU to develop Chinese gold market
By: Creamer Media Reporter 16th April 2019 The World Gold Council (WGC) and the Industrial and Commercial Bank of China (ICBC) have signed a memorandum of understanding to cooperate on developing the Chinese gold market, including the development and marketing of gold solutions for Millennial consumers and institutional investors. China... →
Hummingbird taking steps to address mining dilution, ore loss at Yanfolila
By: Creamer Media Reporter 16th April 2019 Aim-listed Hummingbird Resources' Yanfolila gold mine, in Mali, produced 23 807 oz of gold in the first quarter of this year, up 33% from the 17 895 oz produced in the fourth quarter of 2018. Mining rates were, however, lower than expected. →
Court ruling not affecting Almaden’s Ixtaca project
By: Creamer Media Reporter 16th April 2019 Vancouver-headquartered Almaden Minerals on Monday clarified that the mineral claims subject to a court ruling about the constitutionality of the Mexican title system did not form part of the current claims covering its Ixtaca deposit. A lower court in Puebla state had reportedly ruled that... →
Caledonia maintains full-year guidance despite below-target first-quarter output
By: Creamer Media Reporter 16th April 2019 Triple-listed Caledonia Mining has maintained its full-year production guidance for its 49%-owned Blanket mine, in Zimbabwe, despite first-quarter production having been below target. The Aim-, TSX- and NYSE American-listed company on Tuesday reported that the mine had produced 11 948 oz of gold... →
Turquoise Hill reviewing impact of Oyu Tolgoi Shaft 2 delay
By: Mariaan Webb 16th April 2019 Rio Tinto, the project manager of the Oyu Tolgoi, in Mongolia, has concluded a review of the fit-out and commissioning issues at Shaft 2 – the main production and services shaft of the underground development – and expects the Shaft to be completed by the end of October. Rio Tinto-owned... →
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