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Gold News

Chile environment court questions Norte Abierto mine impact on indigenous neighbours

By: Reuters     22nd April 2021 A Chilean environmental court said on Wednesday it had ordered a fresh evaluation of the Norte Abierto gold and copper mining project due to concern that heavy traffic and water usage could disrupt life for the nearby indigenous community. The complex, situated in the northern Atacama region,... 

Shanta records solid quarterly performance

By: Tasneem Bulbulia     21st April 2021 Aim-listed Shanta Gold remains committed to enhancing its robust fundamentals to protect long-term sustainable returns, following the announcement of its maiden dividend earlier this year, CEO Eric Zurrin says. The company announced a maiden dividend of 0.10p apiece for payment in April and a... 

RBPlat increases first-quarter hoisted tonnes, net cash 

By: Donna Slater     21st April 2021 Mid-tier platinum group metals (PGMs) miner Royal Bafokeng Platinum (RBPlat) increased its mine production by 4.6% year-on-year for the first quarter of this year, with 998 000 t hoisted from the Bafokeng Rasimone platinum mine (BRPM). Tonnes hoisted from the Styldrift mine increased by 7.8%, to... 

Hummingbird aims for debt-free position by second quarter

By: Donna Slater     21st April 2021 Aim-listed gold miner Hummingbird Resources held net cash, including gold inventory value, of $4.9-million at the end of the first quarter, an improvement on the $1.5-million held by the end of the fourth quarter of 2020. It had also repaid $8.6-million worth of debt during the first quarter.  

Paramount acquires claims south of historic Sleeper Gold mine

By: Creamer Media Reporter      21st April 2021 NYSE American-listed Paramount Gold Nevada has bought 152 unpatented lode claims, about 3.2 km south of its former high-grade producing Sleeper gold mine, increasing its total land position to more than 16 100 ha in the prolific Sleeper district. The claims were formerly owned by several Nevada... 

Indonesian gold miner Archi postpones $500m IPO

By: Bloomberg     20th April 2021 PT Archi Indonesia has postponed its planned initial public offering of as much as $500-million because of weak gold prices and falling stocks, according to people with knowledge of the matter. The gold miner, a unit of Indonesian conglomerate Rajawali Group, made the decision after gauging... 

Alamos claims $1bn from Turkey over stalled gold project

By: Mariaan Webb     20th April 2021 Canadian mining company Alamos Gold on Tuesday announced a $1-billion investment treaty claim against Turkey for “expropriation and unfair and inequitable treatment” with respect to its gold project in that country. The claim, which will be filed by its Netherlands subsidiaries, comes as Alamos... 

Alamos claims $1bn from Turkey over stalled gold project
Alamos CEO John McCluskey

Turquoise Hill's Oyu Tolgoi mine partially resumes shipments to China

By: Reuters     20th April 2021 Turquoise Hill Resources said on Tuesday the Oyu Tolgoi mine in Mongolia had partially resumed shipments to China, after the Canadian miner declared force majeure on some Chinese contracts last month due to Covid-19-led curbs. The company is evaluating multiple contingencies, including an... 

Galantas raises C$6.6m for Northern Ireland mine, new CEO named

By: Mariaan Webb     20th April 2021 Dual-listed Galantas Gold on Monday announced a proposed private placement to raise up to C$6.6-million to bring its Omagh gold mine, in Northern Ireland, into full production. Between 17-million and 22-million units would be on offer at C$0.30 each and Galantas said that it had commitments to... 

Kibali on track to meet full-year guidance

By: Donna Slater     20th April 2021 Gold and copper miner Barrick Gold’s Kibali mine, in the Democratic Republic of Congo (DRC) produced 191 612 oz of gold in the first quarter of this year, thereby keeping it on track to achieve its full year production target. The mine’s underground operation was the primary driver of... 

Equinox sells Brazil mine

By: Mariaan Webb     20th April 2021 Bullion miner Equinox Gold has sold its Pilar gold mine to a new Brazil-focused Canadian company as part of a portfolio optimisation process to focus on larger assets, CEO Christian Milau announced on Monday. Equinox will sell the mine to Pilar Gold, which plans to seek a public listing later... 

Dalgaranga delivers solid results for Gascoyne

By: Esmarie Iannucci     20th April 2021 ASX-listed gold miner Gascoyne Resources has reported a slight fall in production for the quarter ended March, compared with the previous quarter. Gold production in the three months under review reached 19 203 oz, compared with the 20 381 oz produced in the December quarter, while all in... 

GWR to spin out gold project

By: Esmarie Iannucci     20th April 2021 ASX-listed GWR Group on Tuesday announced plans to demerge its subsidiary Western Gold Resources, which holds the Wiluna West gold project, in Western Australia, and to list this company in an initial public offering (IPO). “With GWR’s Wiluna West iron-ore now delivering revenue, we believe the... 

Gruyere production down in March quarter

By: Esmarie Iannucci     20th April 2021 Gold miner Gold Road Resources has seen a slight dip in gold production from the Gruyere mine, in Western Australia, during the three months to March. Gold production from Gruyere reached 66 213 oz during the three months under review, down from the 70 794 oz produced in the December quarter,... 

Shanta reports higher resource at Luika underground deposit

By: Tasneem Bulbulia     19th April 2021 The indicated resource at the Luika underground deposit at Aim-listed Shanta Gold’s New Luika gold mine (NLGM), in South Western Tanzania, increased by 76 461 oz, grading 7.97 g/t gold. The total Joint Ore Reserves Committee-compliant resources at the Luika deposit increased by 23% to 425 341 oz... 

Caledonia’s first-quarter output lower than planned but full-year target unchanged

By: Tasneem Bulbulia     19th April 2021 Dual-listed Caledonia Mining produced 13 197 oz of gold at the Blanket mine, in Zimbabwe, in the quarter ended March 31. "Production in the first quarter was slightly below our target and below the comparable quarter in 2020 albeit at a level which allows us to maintain our 2021 production... 

China's Chifeng Jilong walks away from deal to buy Ghana gold mine

By: Reuters     19th April 2021 China's Chifeng Jilong Gold Mining on Monday cancelled an agreement to buy the Bibiani gold mine in Ghana, saying it had not received timely information from the seller about the termination of the mining lease. Australia-based Resolute Mining agreed to sell Bibiani to Chifeng Jilong for around... 

M&R division awarded R2.3bn contract for Newmont shaft lining and equipping

By: Donna Slater     19th April 2021 Australia-based mine and civil contracting company RUC Cementation Mining Contractors (RUC) – a a division of South Africa-based engineering company Murray & Roberts (M&R) – has been awarded a R2.3-billion shaft lining and equipping contract at Newmont Corporation’s Tanami Expansion 2 project, in... 

Kibali rejects Sokimo claim 

By: Simone Liedtke     19th April 2021 Kibali Goldmines said on April 18 that it had learned that the Congolese parastatal Société Minière de Kilo-Moto (Sokimo) was attempting, for a second time, to extort certain benefits from the company by filing new proceedings with the commercial court in Kinshasa. Sokimo is a 10% shareholder in... 

Kibali rejects Sokimo claim
The Kibali gold mine is owned by Barrick Gold and AngloGold Ashanti.

Equinox ups stake in Ontario gold project

By: Creamer Media Reporter      19th April 2021 Bullion miner Equinox Gold has acquired an additional 10% interest in the Greenstone project, in Ontario, for $51-million, upping its stake in the fully-permitted, construction-ready project to 60%. The Greenstone project will be advanced in a joint venture with Orion Mine Finance Group,... 

Equinox ups stake in Ontario gold project

Middle Island weighs expansion of Sandstone

By: Esmarie Iannucci     19th April 2021 A feasibility study into the re-commissioning of the Sandstone gold project, in Western Australia, as a stand-alone project has found that the project would require a capital investment of some A$35.49-million. ASX-listed Middle Island Resources on Monday said that the re-commissioning of the... 

Sibanye launches campaign to reimagine, foster Marikana community of the future  

By: Donna Slater     16th April 2021 Precious metals miner Sibanye-Stillwater has launched the Marikana Renewal Programme to tackle the legacy of the Marikana mine following the August 16, 2012, killing of 34 mineworkers by the South African Police Service. Sibanye had acquired the Marikana mine when it bought out Lonmin in 2019.... 

Sibanye launches campaign to reimagine, foster Marikana community of the future
Sibanye-Stillwater CEO Neal Froneman details what the new Marikana mine owner is doing about redress of the 2012 Marikana incident.

Gold, exploration and coal contracts make headlines  

16th April 2021 Mining Weekly Editor Martin Creamer unpacks Barberton’s potential to get South African gold mining going again, South Africa’s exploration industry's deadline to comment on controversial draft regulations and Treasury being asked to cancel coal contracts and replace them with new ones at double... 

Gold, exploration and coal contracts make headlines
Gold, exploration and coal contracts make headlines (Camera: Nicholas Boyd)

i-80 to start major drill campaign at Getchell

By: Mariaan Webb     16th April 2021 Nevada-focused i-80 is gearing up for a major drill campaign at its Getchell project, near Winnemucca, CEO Ewan Downie said on Thursday, announcing that it had completed the purchase of the project from Waterton Global Resource Management. The Getchell project will be i-80’s focus for the year,... 

Medusa invests in Co-O infrastructure

By: Esmarie Iannucci     16th April 2021 Gold miner Medusa Mining has approved the $54-million spend on the Tigerway decline project, at its Co-O gold mine in the Philippines. A study completed early in 2020 concluded that the establishment of the Tigerway decline was the best option to access ore below Level 12 at the mine, extending... 

Barrick maintains full-year guidance after good first-quarter performance 

By: Marleny Arnoldi     15th April 2021 NYSE- and TSX-listed Barrick Gold says it is on track to reach its production targets for the current financial year, after reporting preliminary production of 1.1-million ounces of gold and 93-million pounds of copper in the first quarter of the year. The preliminary first-quarter gold output... 

Barrick maintains full-year guidance after good first-quarter performance
Pueblo Viejo

Board approves African Gold Group’s plan to update Kobada DFS

By: Donna Slater     15th April 2021 Following encouraging results from an exploration drilling campaign and sulphide metallurgical test work, TSX-V-listed gold explorer and developer African Gold Group (AGG) has received board approval to initiate an update to the July 2020 definitive feasibility study (DFS) to advance its flagship... 

Anglo Asian forecasts lower 2021 gold output

By: Creamer Media Reporter      15th April 2021 London-listed Anglo Asian expects this year’s gold production to fall below that of last year, as the Ugur mine in the Gedabek licence area, in Azerbaijan, has been depleted, but copper production will increase year-on-year. This year, mining will only take place in the existing Gedabek openpit... 

Anglo Asian forecasts lower 2021 gold output
The Gedabek operation in Azerbaijan

Irish junior IMC to buy northern Armenia gold mine

By: Creamer Media Reporter      15th April 2021 Ireland-based IMC Exploration has announced a conditional agreement to buy the Karaberd gold mine, in northern Armenia, thereby expanding the geographical scope of its operations. London-listed IMC will buy the entire issued share capital of MVI Ireland from Mineral Ventures Invest, a reverse... 

AngloGold establishes BG Umoja JV to build local specialised mining capacity

By: Donna Slater     15th April 2021 Gold miner AngloGold Ashanti, in line with its strategy to ensure a sustainable contribution to the economies in host countries, has established the BG Umoja joint venture (JV), in Tanzania. The JV has been awarded a $186-million two-year mining contract for the Nyankanga and Geita Hill... 

PTM to oppose latest Waterberg project appeal

By: Donna Slater     15th April 2021 TSX- and NYSE-listed platinum group metals miner Platinum Group Metals (PTM) has received a further notice appealing the granting of a mining right to Waterberg Joint Venture (JV) Resources. The mining right had been granted by the Department of Mineral Resources and Energy (DMRE) on January 28.  

Top eight gold producers’ output to increase again after 2020 drop

By: Donna Slater     15th April 2021 Production from the world’s eight largest gold producers – Newmont, Barrick Gold, AngloGold Ashanti, Polyus, Kinross, Gold Fields, Newcrest and Agnico-Eagle – decreased by 6.5% year-on-year to 24.98-million ounces in 2020, reports data and analysis provider GlobalData. The lower output is the... 

Top eight gold producers’ output to increase again after 2020 drop
Barrick was forced to cease operations at Veladero (pictured) temporarily, owing to the Covid-19 pandemic.

Maiden resource declared at Bellevue's Marceline discovery

By: Esmarie Iannucci     15th April 2021 ASX-listed Bellevue Gold has increased its global mineral resource to 2.7-million ounces, at 9.9 g/t gold, following the report of a maiden resource at the Marceline discovery in Western Australia. The Marceline discovery has been estimated to host 310 000 oz, at 9.7 g.t gold, including an... 

Red 5 completes retail capital raise

By: Esmarie Iannucci     15th April 2021 Gold miner Red 5 has completed the retail component of its entitlement offer, raising A$20.82-million. The company in March this year launched a fully underwritten non-renounceable entitlement offer, priced at 16c a share, to raise A$60-million as part of its greater financing efforts to fund... 

Titan to sell Ecuador assets for A$15m

By: Esmarie Iannucci     15th April 2021 ASX-listed Titan Minerals has inked a term sheet to divest of its Zaruma gold mine and the Portovelo process plant, in Ecuador, for $15-million. The non-core Zaruma mine comprises of 30 concessions over 7 615 ha, which is currently being transferred into newly established entities as part of... 

Barberton should be focus of new gold thrust – exploration geologist  

By: Martin Creamer     14th April 2021 Barberton should be the prime target to get South African gold mining going again, with geologists having an input at all stages of development and mining cycle. “The main area that I think we should be concentrating on now is on Barberton. I think it has some exceptional geology,” said highly... 

Barberton should be focus of new gold thrust – exploration geologist
Exploration geologist Graham Gavine interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sibanye continues to increase geographical diversity through M&As, says Froneman

By: Simone Liedtke     14th April 2021 While 2021 is looking like a solid year for precious metals miner Sibanye-Stillwater, executive director and CEO Neal Froneman has emphasised that the company will continue to increase its geographical diversity through value-accretive mergers and acquisitions (M&A) transactions. He noted during... 

Sibanye continues to increase geographical diversity through M&As, says Froneman
Sibanye-Stillwater CEO Neal Froneman

Premier spin-out i-80 falls on TSX debut

By: Mariaan Webb     14th April 2021 Nevada-focused i-80 Gold, which was spun out of Premier Gold as part of a takeover by Equinox Gold, made its debut on the Toronto Stock Exchange on Tuesday. i-80, in which Equinox remains a cornerstone shareholder, opened at C$3.05 a share, but closed 21% down at C$2.40 a share. The new miner... 

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