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Gold News

Kore Mining's California project can produce 146 000 oz/y

By: Marleny Arnoldi     Updated 7 hours ago North America-based Kore Mining has published a positive preliminary economic assessment with compelling project economics for the Imperial Oxide gold deposit, in California. The assessment determines a net present value (NPV) for the project of $343-million, with a 44% internal rate of return... 

Gold Fields promoting widespread human welfare during lockdown 

By: Martin Creamer     7th April 2020 Gold mining company Gold Fields, which has placed its South Deep gold mine in Gauteng on care and maintenance for the 21-day lockdown period, is promoting human welfare funding cross a number of fronts during the Covid-19 crisis. Firstly, South Deep, the Westonaria mine with a 70-year life, will... 

Gold Fields promoting widespread human welfare during lockdown
Photo by Creamer Media
Gold Fields executive VP Martin Preece

Cora continues development at Sanankoro project

By: Marleny Arnoldi     7th April 2020 Aim-listed Cora Gold CEO Bert Monro has published a letter to shareholders on its plans for the rest of the year, which will for the most part focus on taking the Sanankoro project, in Mali’s Yanfolila gold belt, into development. The company is planning further metallurgical testwork... 

Anglo Asian uses chartered flight to send gold to Switzerland

By: Marleny Arnoldi     7th April 2020 Aim-listed Anglo Asian Mining has made a further shipment of gold doré bars containing 4 688 oz of gold to MKS Finance, in Switzerland, by way of air-charter. This follows after the company in March stated that owing to the cessation of scheduled air flights amid the Covid-19 pandemic, the... 

Tailings risk management still not up to standard – foundation

By: Marleny Arnoldi     7th April 2020 The mining industry is still “dragging its heels” on the step-change measures required to prevent catastrophic tailings failures, such as the Brumadinho tailings dam collapse in Brazil that killed 270 people, says Responsible Mining Foundation (RMF). In the newly released 'Responsible Mining... 

Newcrest establishes Covid-19 fund

By: Esmarie Iannucci     7th April 2020 Gold miner Newcrest Mining has established a A$20-million community support fund to assist host communities during the Covid-19 pandemic. The miner on Tuesday said that a portion of the fund would go towards vaccine research, while around half of the fund will be dedicated to assisting Papua New... 

Marathon presents study results of ‘Atlantic Canada’s largest gold producer’

By: Creamer Media Reporter      7th April 2020 TSX-listed Marathon Gold has published the results of the prefeasibility study (PFS) for the Valentine gold project, in central Newfoundland, which support an openpit mining operation with low initial capital cost and high rate of return over a 12-year mine life. “The Valentine project is... 

New Gold brings back Rainy River

By: Creamer Media Reporter      7th April 2020 TSX- and NYSE American-listed New Gold has begun a systematic ramp-up of operations at the Rainy River mine, in Ontario, following the completion of a voluntary 14-day suspension to adhere to provincial and federal Covid-19 guidelines related to out-of-country travel that impacted a significant... 

Newcrest pulls out of GFG’s Wyoming project

By: Creamer Media Reporter      6th April 2020 Australian miner Newcrest has withdrawn from the option and earn-in agreement for the Rattlesnake Hills gold project, in Wyoming, US, TSX-V-listed GFG Resources has said. Since September 2018, Newcrest has invested $5-million in exploration expenditures on the project, which included more than 4... 

Yamana remobilises Cerro Moro, seeks clarity on Quebec restrictions

By: Mariaan Webb     6th April 2020 Canadian gold miner Yamana Gold on Monday reported that it was remobilising its Cerro Moro gold and silver mine in Argentina and said that it was also seeking clarity on whether its Canadian Malartic gold mine, in Quebec, could resume operations next week. The Cerro Moro mine transitioned to a... 

Yamana remobilises Cerro Moro, seeks clarity on Quebec restrictions

Centamin donates to Egypt’s Covid-19 response

By: Tasneem Bulbulia     6th April 2020 Midtier gold producer Centamin, operator of the Sukari gold mine, has committed ten-million Egyptian pounds, equivalent to about $635 000, to support Egypt's response efforts to combat the coronavirus pandemic. As the country's largest mining company, and significant local employer, early action... 

Former Canadian Minister joins Osisko Gold Royalties board

By: Creamer Media Reporter      6th April 2020 Dual-listed Osisko Gold Royalties on Monday announced the appointment of John Baird – a former Foreign Affairs Minister of Canada – to its board of directors. “In our discussions with John, we have been excited to have his insights on global affairs and interactions with government, an ideal... 

Gold’s supply squeeze should ease as Swiss refineries reopen

By: Bloomberg     6th April 2020 The supply shortages in the gold market will likely ease in the coming weeks as Swiss refineries start running again. Three major plants in the Swiss canton of Ticino, Europe’s biggest gold-refining hub, have said they’ve received permission from local authorities to run their factories at a... 

Gold’s supply squeeze should ease as Swiss refineries reopen
Photo by Bloomberg
Gold refining in Switzerland

Pogo employee tested positive for Covid-19

By: Esmarie Iannucci     6th April 2020 An employee at gold miner Northern Star Resources’ Pogo mine, in Alaska, has tested positive for Covid-19 while at home on rostered leave. The miner said that the employee, who lives in Fairbanks, tested positive for the virus four days after completing his 12-day roster at the mine site. 

Barrick progressing towards modern miner goal 

By: Simone Liedtke     6th April 2020 Following its merger with Randgold Resources, NYSE- and TSX-listed Barrick Gold has made progress towards its goal of being a modern mining business, according to executive chairperson John Thornton in the company’s information circular for 2020 published on April 6. The circular follows the... 

Barrick progressing towards modern miner goal
Barrick executive chairperson John Thornton

OceanaGold solidifies Holmes appointment

By: Esmarie Iannucci     6th April 2020 Dual listed OceanaGold has appointed Michael Holmes as president and CEO, following the resignation of Mike Wilkes earlier this year. Holmes was appointed acting president and CEO following Wilkes’ departure, and has now been appointed to the role permanently.  

Resolute increases output in March quarter

By: Esmarie Iannucci     6th April 2020 Africa-focused gold miner Resolute Mining poured 110 763 oz of gold during the three months to March, a 5 470 oz increase on the December quarter. The ASX-listed miner on Monday reported that gold recoveries for the March quarter was up by 15% on the previous quarter, to 119 683 oz. 

Canada metals, mining sees 19.4% rise in deal activity

By: Simone Liedtke     3rd April 2020 Canada’s metals and mining industry saw a rise of 19.4% in overall deal activity during February, when compared with the last 12-month average, according to analytics and consulting company GlobalData’s deals database. A total of 43 deals worth $430.7-million were announced in February, compared... 

Nevada Gold Mines assisting its local communities

By: Simone Liedtke     3rd April 2020 Nevada Gold Mines (NGM), in collaboration with the state of Nevada and its stakeholders, is working to identify immediate needs and provide financial and logistical support to mitigate the impact of the Covid-19 pandemic on its local communities. NGM is a joint venture (JV) between Barrick Gold... 

Red 5 exercises Great Western option

By: Esmarie Iannucci     3rd April 2020 Gold miner Red 5 has exercised its option to acquire the Great Western gold deposit from fellow listed Terrain Minerals. The option agreement inked in November last year required Red 5 to make payments totaling A$2.5-million and a further A$2.2-million to exercise the option, with the exercise... 

Gold has a role to play in Covid-19 testing toolbox

By: Tasneem Bulbulia     3rd April 2020 Gold is being used in new Covid-19 rapid tests around the world, which identify the presence of biomarkers from the body’s immune response to Covid-19 instead of looking for the virus itself. The tests can also help detect if a person has been infected with Covid-19 even after the virus is no... 

Gold has a role to play in Covid-19 testing toolbox

DRD consulting with govt, labour to restart Far West Rand gold recoveries 

By: Martin Creamer     3rd April 2020 Surface gold mining company DRDGold is considering re-starting operations at its Far West Gold Recoveries surface retreatment operation at Carletonville, south-west of Johannesburg, in consultation with government and organised labour. DRDGold CEO Niël Pretorius states on the company’s website... 

DRD consulting with govt, labour to restart Far West Rand gold recoveries
Photo by Creamer Media
Niël Pretorius

Council turns attention to Ghana

By: Tracy Hancock     3rd April 2020 South African Capital Equipment Export Council (SACEEC) member companies are increasingly looking outside of the South African market for opportunities, owing to the country’s current economic climate, says SACEEC director and CEO Eric Bruggeman. “South Africa’s market is dead. The local... 

Council turns attention to Ghana
EASY ACCESS Ghana, Africa’s top gold producer, offers South African capital equipment manufacturers favourable shipping accessibility through the Port of Tema

Explorer becomes producer after first gold pour

3rd April 2020 Australian, Africa-focused gold miner West African Resources last month announced that its Sanbrado gold project in Burkina Faso had poured its first gold. Said gold bars weighed 23.9 kg and, following the processing of 75 000 t of ore grading 1.5 g/t since the project’s start, the plant... 

Explorer becomes producer after first gold pour
THE GREAT ACHIEVEMENT West African Resources successfully transitioned from an exploration company to a gold producer

Coronavirus one of several factors affecting mining

By: Mamaili Mamaila     3rd April 2020 The volatility caused by global events, such as the outbreak of Covid-19, otherwise referred to as coronavirus, and stock market turmoil have definitely impacted on the planning and execution of mining operations and related supply chains, says mine ventilation equipment manufacturer Terramin... 

Coronavirus one  of several factors affecting mining
DEEP-LEVEL SOLUTIONS Terramin provides dust-control and associated workspace ventilation equipment and services for underground and deep-level mining working spaces

West African commodities not immune to Covid-19 fallout

By: Theresa Bhowan     3rd April 2020 With reports of cases of Covid-19 increasing globally, West African commodities are also feeling the negative effects of the pandemic, international commodities consultancy Core Consultants tells Mining Weekly. 

West African commodities not immune to  Covid-19 fallout
LARA SMITH The effects of the Covid-19 pandemic can be seen in the mining industry of West Africa

Legislation, other factors have enhanced deep-level operations

By: Mamaili Mamaila     3rd April 2020 The deep-level mining sector in South Africa has “advanced significantly” from a health and safety perspective, says law firm ENSafrica mine and occupational health and safety executive Willem le Roux. 

Legislation, other factors have enhanced deep-level operations
SIGNIFICANT ADVANCES The research that the Minerals Council South Africa has been conducting since 1997 has significantly advanced the deep-level mining sector

Central bank gold demand eases

By: Donna Slater     2nd April 2020 Gold industry market development organisation, the World Gold Council (WGC), reports that central banks’ monthly net gold purchases increased in January and February, following December’s five-month low. So far this year, only five countries have increased gold reserves by at least 1 t. This... 

Golden Minerals reports promising economics for Mexico project

By: Marleny Arnoldi     2nd April 2020 Colorado-based miner Golden Minerals has reported positive findings in a preliminary economic assessment (PEA) and updated mineral resource estimate for the Velardeña Properties, which is the company’s silver and gold project located in Durango state, Mexico. Engineering company Tetra Tech was... 

Pacton plans to ‘aggressively’ expand the mineral zones at Sidace once deal closes

By: Marleny Arnoldi     2nd April 2020 TSX-V-listed TomaGold has entered into a definitive agreement with fellow-listed Pacton for the sale of its 39.5% interest in the Sidace Lake property, in Ontario. The property is owned in joint venture (JV) with Evolution Mining and Newmont, which have approved the transaction.  

Covid-19 hits silver to a ten-year-plus low 

By: Martin Creamer     2nd April 2020 The coronavirus pandemic has hit silver to a ten-year-plus low, according to the Refinitiv GFMS annual Silver Market Review 2019, which includes provisional supply and demand estimates for 2020. After rising to a five-month high by late February, the silver price experienced a calamitous fall in... 

Covid-19 hits silver to a ten-year-plus low

Interprovincial travel limits hit Kirkland operations in Canada

By: Mariaan Webb     2nd April 2020 Limits on inter-provincial travel have forced Canada-based miner Kirkland Lake to move to reduced operations at the Macassa mine and to suspend activities at the Holt Complex. Border restrictions between Quebec and Ontario have been stepped up as efforts intensify to combat the spread of... 

Interprovincial travel limits hit Kirkland operations in Canada
Kirkland Lake's Macassa mine

AngloGold hands over two hospitals to authorities for Covid-19 patients 

By: Martin Creamer     2nd April 2020 Gold mining company AngloGold Ashanti has embarked on a remarkable number of humanitarian initiatives to slow the spread of the coronavirus pandemic, including making two of its mining hospitals available to the provincial governments of North West and Gauteng for the exclusive use by them to... 

AngloGold hands over two hospitals to authorities for Covid-19 patients
Kelvin Dushnisky

Antofagasta operating with half its workforce, unveils $6m fund to help fight virus

By: Mariaan Webb     2nd April 2020 London-listed Antofagasta on Thursday reported that its production had not been significantly impacted by measures to curb the spread of coronavirus, despite the company operating with only about 50% of its workforce. Antofagasta, which owns mines in Chile where coronavirus cases have risen to... 

Antofagasta operating with half its workforce, unveils $6m fund to help fight virus

Centamin appoints Toro cofounder as CEO

By: Marleny Arnoldi     2nd April 2020 TSX- and LSE-listed Centamin has appointed Martin Horgan CEO, effective April 6. He succeeds Ross Jerrard, who served as interim CEO and now moves to the position of CFO. The company further advises that COO Jeremy Langford resigned from his position to pursue other interests. Horgan is a... 

Centamin appoints Toro cofounder as CEO
Incoming Centamin CEO Martin Horgan

Centerra reduces Mt Milligan mill production

By: Creamer Media Reporter      2nd April 2020 Canadian miner Centerra Gold will reduce its workforce and cut its mill throughput to 50 000 t/d for a two-week period, starting on April 6. The company explains that the remote mine has a large camp accommodation facility where substantially all of the on-site employees reside while on their... 

Thornton sold 50% of his stake in Barrick

By: Creamer Media Reporter      2nd April 2020 Barrick executive chairperson John Thornton has halved his shareholding in the Toronto- and New York-listed gold major, owing to “personal portfolio considerations”. The company on Wednesday confirmed that Thornton had sold 2 632 153 shares in the company during the permitted open period... 

Thornton sold 50% of his stake in Barrick
Barrick executive chairperson John Thornton

De Grey adds to Mallina resource

By: Esmarie Iannucci     2nd April 2020 Junior De Grey Mining has reported a 29% increase in the contained gold ounces at Mallina gold project, in Western Australia, following drilling at the project. The project is now estimated to host a total mineral resource of 37.44-million tonnes, grading 1.8 g/t gold for 2.2-million ounces of... 

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