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Gold News

Paramount receives permits for drilling near Grassy Mountain

By: Creamer Media Reporter      14th April 2021 NYSE American-listed Paramount Gold Nevada is gearing up to start a 15-hole reverse circulation drilling campaign at the Frost project, south-west of the company’s proposed high-grade underground Grassy Mountain gold mine, later this quarter. The company reported on Tuesday that it had received... 

Fatal incident at Gold Field’s South Deep

By: Tasneem Bulbulia     14th April 2021 An employee at gold miner Gold Fields’ South Deep mine, in South Africa, lost his life in a mining incident on April 13. Vumile Mgcine, a shaft timberman, succumbed from injuries sustained while attempting to unblock a shute outlet on an underground conveyor belt, the company reports. 

Matsa moves to PFS at Devon

By: Esmarie Iannucci     14th April 2021 A scoping study into the Devon pit, at the Lake Carey gold project in Western Australia, has proven that mining operations could be economically viable. ASX-listed Matsa Resources on Wednesday noted that the scoping study showed that the Devon pit could deliver a potential cash surplus of... 

Resolute clears up Bibiani issues

By: Esmarie Iannucci     14th April 2021 The Ghanaian government has restored the mining lease for the Bibiani gold mine, ASX- and LSE-listed Resolute Mining reported on Wednesday, however the sale of the asset was now being questioned. The company in March this year announced that it would seek legal advice after the Ghanaian... 

Resolute clears up Bibiani issues

Yamana invests C$20.6m in Ascot

By: Mariaan Webb     13th April 2021 Precious metals miner Yamana Gold has invested C$20.64-million in explorer and developer Ascot Resources, which is restarting the past-producing Premier gold mine, in British Columbia’s Golden Triangle. Ascot reported on Monday that it had entered into an agreement with Stifel for a private... 

Yamana invests C$20.6m in Ascot

Skeena returns mineral tenures to establish new conservancy

By: Creamer Media Reporter      13th April 2021 Canadian explorer Skeena Resources, which is revitalising the past-producing Eskay Creek gold/silver mine in the Tahltan Territory in the Golden Triangle, is returning its mineral tenures for the Spectrum mineral claim to establish a new conservancy. The new 3 500 ha conservancy adjoins the 230... 

Eldorado Q1 output in line with 2021 guidance

By: Creamer Media Reporter      13th April 2021 Canada-based Eldorado Gold on Monday announced first-quarter preliminary gold production of 111 742 oz, which the miner said was in line with its 2021 yearly guidance of 430 000 oz to 460 000 oz. The Kisladag mine, in Turkey, contributed the bulk of production with output of 46 172 oz, while... 

Stewart mining camp consolidation overdue, say Scottie and AUX

By: Mariaan Webb     13th April 2021 TSX-V-listed juniors Scottie Resources and AUX Resources on Monday announced a transaction to consolidate gold/silver exploration assets in the Stewart mining camp in the Golden Triangle of British Columbia. Pursuant to the terms of the letter of intent, Scottie would acquire AUX for one common... 

Stewart mining camp consolidation overdue, say Scottie and AUX
Scottie and AUX combined claims

Theta's underground study delivers

By: Esmarie Iannucci     13th April 2021 A prefeasibility study (PFS) into the ASX-listed Theta Gold Mines’ TGME underground project, in South Africa, has estimated that the project would cost some $79-million to develop. Theta Gold Mines on Tuesday told shareholders that the TGME underground project was expected to deliver some 419... 

IGO sells Tropicana for A$903m

By: Esmarie Iannucci     13th April 2021 Gold miner Regis Resources on Tuesday announced plans to raise A$650-million capital raise to partly fund the A$903-million buy of ASX-listed Independence Group’s (IGO’s) 30% interest in the Tropicana gold project, in Western Australia. Regis and IGO have inked a conditional binding agreement... 

IGO sells Tropicana for A$903m

Equinox kicks off Bermejal development at Los Filos

By: Creamer Media Reporter      12th April 2021 Development of the Bermejal underground mine – one of three planned expansion projects at the Los Filos mine, in Mexico, is under way. Bermejal is a higher grade expansion project that will increase Los Filos’ yearly production, reports Equinox Gold CEO Christian Milau. 

Oriole discovers visible gold in two holes at Bibemi

By: Donna Slater     12th April 2021 West Africa-focussed explorer Oriole Resources reports that visible free gold mineralisation has been identified in multiple drill holes at its 51%-owned Bibemi gold project, in Cameroon. The company is conducting an ongoing maiden diamond drilling programme, for a planned 3 080 m of drilling of... 

Centerra Gold lists in New York

By: Creamer Media Reporter      12th April 2021 Canada-based gold mining company Centerra Gold on Monday announced that it would list its common shares on the NYSE, with trading expected to start on Thursday. The Toronto-headquartered miner’s primary exchange would remain the TSX. 

Kefi issues shares to warrant holder

By: Tasneem Bulbulia     12th April 2021 Aim-listed Kefi Copper and Gold has received notice from a warrant holder to exercise warrants over 15-million new ordinary shares, and accordingly, has on April 12 allotted and issued 15-million new ordinary shares. Kefi has projects in Ethiopia and Saudi Arabia. 

Suntrace, BayWa complete solar-battery hybrid system for B2Gold’s Fekola mine

By: Tasneem Bulbulia     12th April 2021 Renewable energy companies Suntrace and BayWa, together with gold miner B2Gold, have completed commissioning of the world’s largest off-grid solar-battery hybrid system for the mining industry, at the Fekola gold mine, in Mali. The solar-battery hybrid plant was integrated and commissioned... 

Artemis selects banks for $360m Blackwater project loan

By: Creamer Media Reporter      12th April 2021 Vancouver-headquartered Artemis Gold has selected two banks to arrange a C$360-million project loan facility to fund a significant portion of the estimated construction costs of its Blackwater project, in central British Columbia. The company has received and executed a credit approved mandate... 

Artemis selects banks for $360m Blackwater project loan

Pantoro reaches milestone at Norseman

By: Esmarie Iannucci     12th April 2021 ASX-listed Pantoro has reached it’s A$50-million sole-fund milestone at the Norseman gold project, in Western Australia, forming an unincorporated joint venture (JV) with fellow-listed Tulla Resources. Pantoro on Monday told shareholders that as a 50% shareholder in the project, the company’... 

Antipa JV's exploration budget increases

By: Esmarie Iannucci     12th April 2021 The joint venture (JV) partners for the Citadel copper/gold project, in Western Australia, have increased the exploration budget for 2021 from A$13.8-million to A$24.5-million. ASX-listed Antipa Minerals on Monday reported that as a result of JV partner Rio Tinto Exploration sole funding more... 

Antipa JV's exploration budget increases

Gold Road's Tropicana buy not finalised

By: Esmarie Iannucci     12th April 2021 Gold miner Gold Road Resources has reportedly missed out on acquiring fellow-listed Independence Group’s (IGO’s) 30% share of the Tropicana gold mine, in Western Australia. Gold Road on Monday responded to media speculation about potential discussions with IGO around its interest in the joint... 

Exploration industry has tight deadline to comment on controversial draft regulations  

By: Martin Creamer     9th April 2021 South Africa’s exploration industry has until April 19 to comment on controversial regulations still in draft form. “They’ve never consulted industry about it and what they are requesting is impractical,” says Allan Saad, a consulting exploration geologist, who formerly represented the now... 

Exploration industry has tight deadline to comment on controversial draft regulations
Consulting exploration geologist Allan Saad interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kirkland Lake outperforms Q1 guidance

By: Mariaan Webb     9th April 2021 Gold miner Kirkland Lake on Friday announced its first-quarter results, exceeding its guidance on the back of higher-than-expected production at the Forsterville mine, in Australia, and the Detour Lake mine, in Canada. The company, which trades on the TSX, NYSE and ASX, produced 302 847 oz,... 

Price rebound, Covid-19 curbs put brakes on India buying

By: Reuters     9th April 2021 Physical gold demand in India stalled this week after local prices rebounded from a one-year trough and coronavirus restrictions were imposed, while buyers in other major Asian hubs were also put off by an uptick in prices. "This week gold prices rose in the international market and rupee also... 

Osisko drilling returns high grades at Lynx

By: Creamer Media Reporter      9th April 2021 TSX-listed Osisko Mining on Thursday released new results form the ongoing drill programme at its Windfall project, in Quebec. The new results include 78 intercepts in 46 drill and 12 wedges. The company says the infill intercepts are located inside defined February 2021 mineral resource... 

Pure Gold upsizes bought-deal financing

By: Creamer Media Reporter      9th April 2021 Ontario gold miner Pure Gold Mining has increased the size of its previously announced C$10-million bought-deal offering, on the back of strong demand. Pursuant to the upsized deal terms, Clarus Securities, as lead underwriter for a syndicate of underwriters, have agreed to 9 868 400... 

Barrick reaches Porgera deal, PNG to have majority stake

By: Mariaan Webb     9th April 2021 The Porgera gold mine is on track to reopen later this year, bullion major Barrick confirmed on Friday, announcing that a new binding framework had been agreed with Papua New Guinea (PNG). Under the terms of the agreement, signed in Port Moresby by Governor General Sir Bob Dadae and Barrick... 

Barrick reaches Porgera deal, PNG to have majority stake
The signing took place in Port Moresby on Friday.

Emerald on track for Q2 production

By: Esmarie Iannucci     9th April 2021 ASX-listed Emerald Resources is on track to start commissioning of its Okvau gold project, in Cambodia, by the second quarter of this year, with first gold pour also planned for the second quarter. “Our dedicated team in country has advanced the development of the Okvau gold project... 

Barrick to sign pact on Friday to reopen Papua New Guinea gold mine

By: Reuters     9th April 2021 A signing ceremony is set for Friday on a deal to reopen the Porgera gold mine in Papua New Guinea, a spokesman for the joint venture between Barrick Gold and China's Zijin Mining told Reuters. The mine has been shut for a year after a dispute over the terms of benefit-sharing between the... 

Gold producer embraces sector improvements

By: Nadine Ramdass     9th April 2021 A common theme in the recent changes to Tanzanian mining legislation is an increased focus on local content and securing the needs of the country, but the focus also appears to be finding a middle ground between the expectations of foreign investors and those of Tanzanians. This is a balance that... 

Gold producer embraces  sector improvements
Tanzanian Gold uplifts community Tanzanian Gold donates 300 desks to local secondary school

Prioritised ESG enables community growth

9th April 2021 The Covid-19 pandemic and resulting challenges have highlighted the need for companies to prioritise environmental, social and corporate governance (ESG) in order to safeguard the communities they work with, particularly in the mining industry where mines are often based in rural communities,... 

Akobo declares high-grade mineral resource estimate for Ethiopia project

By: Marleny Arnoldi     8th April 2021 Akobo Minerals has announced an “encouraging” maiden mineral resource estimate for its Segele project, in Ethiopia. After 3 160 m of drilling over seven months at the site, the company has achieved an inferred mineral resource of 87 000 t at 20.9 g/t gold, equal to 52 410 oz of gold. 

Barrick raises its GHG reduction target to 30% by 2030 

By: Tasneem Bulbulia     8th April 2021 Gold major Barrick Gold Corporation has raised its greenhouse-gas emissions target to 30% by 2030, from 10% previously, its 2020 Sustainability Report, published on April 8, shows. CE Mark Bristow notes that the company's ultimate aim is to achieve net zero emissions by 2050. 

Barrick raises its GHG reduction target to 30% by 2030
Photo by Bloomberg
Barrick Gold CEO Mark Bristow

NUM asks govt to intervene in Blyvoor unrest

By: Marleny Arnoldi     8th April 2021 The National Union of Mineworkers (NUM) in the Carletonville region is appealing for government intervention around the Blyvoor gold mine, as labour and social unrests are escalating. The union explains in a statement issued on April 7 that tension has been building up between workers and... 

Russian tycoon Komarov eyes precious metals after pipes sale

By: Bloomberg     8th April 2021 Russian tycoon Andrey Komarov is setting his sights on precious metals mining after selling ChelPipe, the pipe maker that made him a billionaire. Komarov is in talks to purchase the Kumroch gold deposit in Russia’s Far East from billionaire Viktor Vekselberg’s Zoloto Kamchatki, according to... 

Russian tycoon Komarov eyes precious metals after pipes sale
Andrey Komarov

Theta reports maiden underground reserve

By: Esmarie Iannucci     8th April 2021 Junior Theta Gold Mines has reported an initial maiden underground reserve of 419 000 oz of gold for its namesake project in South Africa. The company on Thursday noted that its global mining reserve now stood at 580 000 oz. 

Osisko Mining publishes promising PEA for Windfall project

By: Marleny Arnoldi     8th April 2021 Canadian miner Osisko Mining has announced positive results from an independent preliminary economic assessment (PEA) on its wholly-owned Windfall gold project, located in the Abitibi greenstone belt, in Quebec. The PEA provides a robust base case assessment for developing the gold deposit as... 

Equinox completes Premier Gold Mine acquisition, renames Hardrock project

By: Simone Liedtke     8th April 2021 Dual-listed Equinox Gold has completed its acquisition of TSX-listed Premier Gold Mines, adding Premier's interest in the construction-ready Hardrock project in Ontario, Canada; the producing Mercedes mine, in Mexico; and the Hasaga and Rahill-Bonanza exploration properties, in Ontario, to the... 

Investors call on EPA, Congress to protect Alaska’s Bristol Bay from mining impact

By: Simone Liedtke     8th April 2021 Fifty investors, managing $105-billion in assets, released a letter on April 8 calling for the US Environmental Protection Agency (EPA) and Congress to permanently protect Alaska’s Bristol Bay, and the world’s largest wild salmon fishery, against large-scale mining. While recognising the... 

Investors call on EPA, Congress to protect Alaska’s Bristol Bay from mining impact

Hudbay starts pit development activities at Pampacancha

By: Creamer Media Reporter      8th April 2021 TSX- and NYSE-listed Hudbay Minerals has finalised the land user agreement for the Pampacancha copper/gold deposit, which is located near its Constancia mine and processing facilities, in Peru. The finalisation of the agreement means it now has full access to the site to start pit development... 

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