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Gold News

Echo raises A$15m for Yandal expansion

By: Esmarie Iannucci     6th May 2019 Gold hopeful Echo Resources will raise A$15-million through a share placement to fund its exploration growth strategy at its Yandal project, in Western Australia. The ASX-listed junior will raise an initial A$11.3-million through a first tranche placement of 87-million shares, at a price of 13c... 

Perseus board approves $265m Côte d’Ivoire gold mine

By: Esmarie Iannucci     6th May 2019 Dual-listed gold miner Perseus Mining has started the development of its Yaouré gold mine, in Côte d’Ivoire, after the board approved the $265-million development. Yaouré is expected to become a large-scale, low-cost gold mining operation producing an average of 215 000 oz/y over the first five... 

Perseus board approves $265m Côte d’Ivoire gold mine

Leagold pencils in starting dates for growth projects

By: Mariaan Webb     6th May 2019 Vancouver-headquartered Leagold has announced the proposed scheduling for the expansion of its Los Filos mine and for the construction of the Santa Luz project, as it arranged $400-million in financing. Leagold’s development plan for the fully-funded Los Filos expansion, in Brazil, has been... 

Leagold pencils in starting dates for growth projects
Los Filos in Mexico

Orefinders acquires 31% of Mistango River Resources

By: Marleny Arnoldi     3rd May 2019 TSX-V-listed Orefinders Resources has acquired 11.8-milllion shares, or 31%, of Mistango River Resources from Osisko Gold Royalties. In exchange, Orefinders issued five-million of its shares to Osisko.  

Rambler shares rise on strong mine performance

By: Simone Liedtke     3rd May 2019 Aim-listed Rambler Metals and Mining achieved record throughput for 2018, by processing 364 176 t of ore from the Ming mine, in Canada, through the Nugget Pong copper and gold milling facility. This is the second consecutive year that the company has set a throughput record. 

Operations resume at Sibanye’s Thembelani shaft 

By: Marleny Arnoldi     3rd May 2019 JSE- and NYSE-listed Sibanye-Stillwater has resumed underground operations at its Thembelani shaft, in Rustenburg, following an incident that resulted in 1 800 workers being held underground on Tuesday. The shaft has now been certified safe for normal hoisting operations.  

Operations resume at Sibanye’s Thembelani shaft
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Detour reports ‘best-ever first quarter’ – COO Frazier

By: Mariaan Webb     3rd May 2019 Canadian miner Detour Gold is tracking well to achieve its guidance for 2019, following what COO Frazer Bourchier says has been “by far the best performing first quarter” since the start of operations six years ago. The Detour Lake mine, in Ontario, delivered a mill throughput of 5.2-million... 

Indiana granted due diligence deadline extension on Mali projects

By: Marleny Arnoldi     3rd May 2019 Aim- and TSX-V-listed Altus Strategies has granted ASX-listed Indiana Resources an extension to the exclusivity period for completing due diligence on the Lakanfla and Tabakorole gold projects, in Mali, to June 14. Indiana requested the extension owing to the time required to process... 

Pretium pays down debt on strong first-quarter, chair to retire by year-end

By: Mariaan Webb     3rd May 2019 TSX- and NYSE-listed Pretium Resources has initiated a search for a new director to replace executive chairperson and founding shareholder Robert Quartermain, who will be retiring on December 31. The company, which owns the Brucejack mine, in British Columbia, would elect a new chairperson prior... 

Mining body releases autonomous systems guideline

By: Nadine James     3rd May 2019 The Global Mining Guidelines Group (GMG) published the Guideline for the Implementation of Autonomous Systems in Mining last month, in an effort to assist in the implementation of these systems, which are being used more and more frequently owing to their potential for making the mining industry... 

Mining body releases autonomous systems guideline
LEADING THE WAY Rio Tinto, one of the pioneers in implementing autonomous mining systems, including autonomous trucks, assisted in the guideline's publication

Alternative water treatment pursued

By: Khutso Maphatsoe     3rd May 2019 Mine managers are investigating the use of existing wetlands or creating wetlands to passively treat some of their used water, thereby reducing the volume of water that needs to be actively treated before and during discharge, says multidisciplinary engineering consulting firm WSP Africa... 

Alternative water treatment pursued
KAREN KING The environment has benefited from the stricter legislation that governs how mines should treat their water

Hummingbird, Liberia govt sign MDA for Dugbe project

By: Creamer Media Reporter      2nd May 2019 Aim-listed Hummingbird Resources and the Liberian government have signed a 25-year mineral development agreement (MDA) that paves the way for the development of Hummingbird's 4.2-million-ounce Dugbe gold project. The MDA has also been ratified by the Liberian Legislature, approved into law by the... 

Harmony expects full-year AISC to rise as Eskom tariffs increase

By: Tasneem Bulbulia     2nd May 2019 Aim-listed Harmony Gold is on track to deliver on its full-year production guidance, the company said in an operational update for the nine months ended March 31 published on Thursday. During the nine-month period, gold production increased by 29% year-on-year to 1.08-million ounces, with... 

First-quarter gold demand lifted by central banks, ETFs 

By: Simone Liedtke     2nd May 2019 Continued growth in central bank buying and growth in gold-backed exchange-traded funds contributed to a 7% year-on-year increase in global gold demand to 1 053.3 t for the first quarter of this year, the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ (GDT) report shows. Gold demand... 

First-quarter gold demand lifted by central banks, ETFs

Alamos reports solid start to 2019

By: Mariaan Webb     2nd May 2019 TSX- and NYSE-listed Alamos Gold has had a solid start to 2019, with strong performances at its four North America mines, including a record quarter at the Island Gold mine, in northern Ontario. The company produced 125 300 oz of gold at a cash cost of $732/oz in the three months ended March.... 

Yamana Gold eyes $100m expansion in Brazil

By: Mariaan Webb     2nd May 2019 Precious metals miner Yamana Gold is considering several expansion opportunities at its mines, including a $100-million expansion in Brazil that will add about 80 000 oz/y to its production. With more financial flexibility following the $1-billion sale agreement of Brazil-based Chapada to Lundin... 

New Gold shuts Rainy River mill to manage water buildup

By: Mariaan Webb     2nd May 2019 Intermediate gold producer New Gold has shut down the mill at its Rainy River mine to manage excess water that has built up as a result of a rapid spring melt and large snow pack in northern Ontario, but the temporary shutdown is not expected to impact on its production guidance. The mill was... 

Iamgold CEO expects more buyout deals in gold industry

By: Reuters     2nd May 2019 The gold industry is likely to see an increase in buyout deals in the near future as miners fight to attract a shrinking pool of investment capital, the chief executive of Canada's Iamgold said on Wednesday. The industry's buyout frenzy was sparked earlier this year when Barrick Gold and... 

Iamgold CEO expects more buyout deals in gold industry
Iamgold CEO Stephen Letwin

Blackham's founding MD exits

By: Esmarie Iannucci     1st May 2019 Gold miner Blackham Resources has announced the ousting of its founding MD and CEO Bryan Dixon just a day after downgrading its production expectations for the 2019 financial year. Blackham told shareholders on Wednesday that Dixon and the company’s board had mutually agreed to terminate his... 

Osisko to begin drilling at Canada’s longest diamond drill hole in May

By: Simone Liedtke     30th April 2019 TSX-listed Osisko Mining on Tuesday announced that it would start drilling what is planned to be Canada’s longest diamond drill hole, Deep Discovery 1, in May, at its wholly-owned Windfall Lake gold project, in the Abitibi greenstone belt, in Québec.   Deep Discovery 1 is designed to test the... 

Alacer on track to meet full-year guidance after strong first quarter

By: Creamer Media Reporter      30th April 2019 TSX- and ASX-listed Alacer Gold, which operates the Çöpler gold mine, in Turkey, produced 89 354 oz of gold in the quarter ended March 31, keeping it on track to meet its full-year guidance of producing 320 000 oz to 380 000 oz of gold. The company on Tuesday reported that the ramp-up of the... 

Hochschild on track to meet full-year output, cost guidance

By: Creamer Media Reporter      30th April 2019 London-listed Hochschild achived a strong start to this year, with attributable production of 121 367 gold-equivalent ounces or 9.8-million silver-equivalent ounces for the quarter ended March 31. This was mostly as a result of "another solid quarter" from its Inmaculada mine, in Peru, and a... 

Ma'aden awards Outotec consortium multimillion-euro EPC contract

By: Creamer Media Reporter      30th April 2019 Saudi Arabian mining company Ma'aden has awarded a consortium comprising Outotec and Larsen & Toubro an engineering, procurement and construction contract to build a greenfield mineral concentrator and gold processing plant in Saudi Arabia. Outotec's share of the project is valued at more than... 

Kefi chairperson Mark Wellesley-Wood passes away

By: Tasneem Bulbulia     30th April 2019 Aim-listed Kefi Minerals on Monday noted its regret at the sudden passing of its chairperson Mark Wellesley-Wood. In a statement, the board and staff acknowledged the considerable contribution made by Wellesley-Wood towards the company’s development. 

Polymetal's Amursk POX plant certified under International Cyanide Management Code

By: Creamer Media Reporter      30th April 2019 London-listed precious metals miner Polymetal's Amursk pressure oxidation (POX) plant, has become the second gold production operation in Russia to be certified as being in full compliance with the International Cyanide Management Code (Cyanide Code) as both a gold mining company and, separately,... 

Chaarat appoints new COO

By: Creamer Media Reporter      30th April 2019 Aim-listed Chaarat Gold has appointed Darin Cooper COO, effective June 1. Cooper has more than 30 years' experience in the metals and mining industry spanning operations, projects, restructuring and culture change. 

Societe Generale resigns as London gold and silver market maker

By: Reuters     30th April 2019 The London Bullion Market Association (LBMA) said Societe Generale had resigned as a market maker for gold and silver, as France's third-largest bank pushes ahead with a downsizing of its commodities business. SocGen said this month it would cut 1 600 jobs to boost profits after poor performance... 

Doornkop mine employee killed in fall of ground

By: Creamer Media Reporter      30th April 2019 A fall-of-ground incident at Harmony Gold's Doornkop mine, near Johannesburg, has claimed the life of an employee, the gold miner said on Tuesday, An investigation into the incident was under way. 

Roxgold reports solid first-quarter output

By: Tasneem Bulbulia     30th April 2019 Roxgold recorded a solid operating performance at its Yaramoko mine, in Burkina Faso, for the first quarter of this year, with gold production of 33 652 oz. With production at the mine weighted towards the second half of the year, the company remains on track to achieve its full-year production... 

Newcrest maintains outlook despite dip in production

By: Esmarie Iannucci     30th April 2019 Australian gold major Newcrest Mining has maintained its full year production guidance, despite reporting a slight drop in production for the three months to March. Newcrest on Tuesday reported that gold production for the quarter was down 5% on the December quarter, from 654 849 oz to 623 124... 

Newcrest maintains outlook despite dip in production

Resolute's costs fall in March quarter

By: Esmarie Iannucci     30th April 2019 Gold miner Resolute Mining has reported a near quarter drop in all-in sustaining costs for the period ending March, on the back of a record quarter at its Syama operation, in Mali. The ASX-listed miner previously reported 98 105 oz of production for the three months to March, with the Syama... 

Newmont temporarily suspends operations at Mexican mine amid blockade

By: Marleny Arnoldi     29th April 2019 NYSE- and TSX-listed Newmont Goldcorp on Monday said it would temporarily suspend operations at the Peñasquito mine, in Mexico, pending resolution of an illegal blockade by a trucking contractor and some members of the Cedros community that began on March 27. The company continued dialogue with... 

Premier confirms gold mineralisation between Cove, McCoy mines

By: Marleny Arnoldi     29th April 2019 TSX-listed Premier Gold Mines has intersected high-grade gold mineralisation in the first hole drilled at its Antenna target, which is located between the historic Cove and McCoy gold/silver openpit mines, in the US. The company’s discovery included a 118.9-m-thick mineralised zone grading 4.12... 

OceanaGold produces gold in line with guidance, despite weather trouble at US mine

By: Marleny Arnoldi     29th April 2019 TSX- and ASX-listed OceanaGold Corporation reported solid operating and financial performance from its Didipio and Macraes operations in the quarter ended March 31, while advancing organic growth initiatives at Waihi; however, the company reported continued mining challenges at Haile. The miner... 

OceanaGold produces gold in line with guidance, despite weather trouble at US mine

Nordgold increases Lefa mine investment

By: Simone Liedtke     29th April 2019 Diversified gold producer Nordgold has completed a significant investment programme at its Guinea-based Lefa mine. Capital expenditure in 2018, which was designed to both improve efficiencies at Lefa, while also extending its life-of-mine, increased to more than $70-million, from $48-million in... 

Ximen Mining options royalty agreement on Kenville gold mine

By: Tasneem Bulbulia     29th April 2019 Ximen Mining has entered into a royalty option agreement with Gungnir Resources pursuant to which the company has acquired an option to buy all of Gungnir’s remaining interest in its 4% gross metal royalty over the Kenville gold mine property, in British Columbia, for $1.7-million. To exercise... 

Trans-Siberian lifts first-quarter gold, silver output

By: Simone Liedtke     29th April 2019 Russian miner Trans-Siberian Gold achieved a 52% year-on-year increase in gold production to 12 345 oz at its Asacha gold mine for the three months ended March 31. The increase was driven by higher grades and better recoveries, the company said, adding that it remains on track to meet its... 

Earthworks calls for investigation into Northern Dynasty over Pebble mine

By: Marleny Arnoldi     29th April 2019 The Justice and Corporate Accountability Project (JCAP), on behalf of Earthworks, will this week file a request for a compliance investigation into TSX- and NYSE-listed Northern Dynasty Minerals. The complainants will raise serious issues concerning alleged “misleading claims” with the British... 

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