R/€ = 20.11 Change: -0.13
R/$ = 18.42 Change: -0.19
Au 1594.81 $/oz Change: -1.89
Pt 723.55 $/oz Change: 2.11


ARM, Motsepe family play key roles in R1bn coronavirus pledge

By: Martin Creamer     28th March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) and the Motsepe family on Saturday formed the key part of the partnership of companies and organisations that have pledged R1 billion to assist with the current coronavirus (Covid-19) pandemic... 

Centerra reports better-than-expected production from its two flagship mines

By: Marleny Arnoldi     27th March 2020 TSX-listed Centerra Gold reported a strong operating performance from its two mines in 2019, exceeding the company’s consolidated gold production and cost guidance. The Kumtor and Mount Milligan mines, in Kyrgyzstan and Canada's British Columbia, respectively, together produced about 783 300 oz... 

Jervois suspends activities in Uganda amid Covid-19 outbreak

By: Simone Liedtke     20th March 2020 ASX- and TSX-V-listed Jervois Mining has suspended its activities in Uganda in response to Covid-19, with no fixed  remobilisation date yet. The miner said on Friday that measures have been undertaken to safeguard the health and safety of its employees, contractors and local communities. 

Aurania and others place Ecuador projects on hold

By: Mariaan Webb     20th March 2020 Canadian exploration company Aurania Resources has extracted its personnel from the field in Ecuador in response to the outbreak of Covid-19, which has already infected more than 150 people in that country and killed two. The Ecuador government has moved to limit the spread of coronavirus... 

Several Canadian exploration projects ramp down to help 'flatten the curve'

By: Mariaan Webb     19th March 2020 Exploration activities at several Canadian project sites are winding down, as companies respond to the global coronavirus pandemic and do their part to help “flatten the curve” of the fast-spreading virus. With efforts to completely contain Covid-19, which has infected more than 200 000 people... 

Barrick aims to elevate Veladero to a tier-1, 500 000 oz/y mine

By: Mariaan Webb     17th March 2020 The Veladero gold mine, in Argentina, has been revitalised, following a review of its strategy and business plan, with its life extended by at least ten years. During the review, gold major Barrick reinterpreted the mine’s geology and continued with an infill drilling campaign. “We established... 

Bryah cuts back on exploration and director costs

By: Esmarie Iannucci     16th March 2020 Junior Bryah Resources will suspend drilling operations in Western Australia and will cut director remuneration by 25% from April in an effort to conserve cash. Bryah on Monday told shareholders that exploration activity at the Bryah Basin project, which started last week, will be suspended... 

Iamgold to explore further at Senegal earn-in project

By: Marleny Arnoldi     12th March 2020 NYSE-listed Iamgold has indicated that it will shortly start a third year of exploration at the Senala project, in Senegal, which it has been jointly exploring with Aim-listed Oriole Resources. Iamgold has the option to spend up to $8-million to earn a 70% interest in the project.  

Newcrest adjusts guidance as Lihir disappoints

By: Esmarie Iannucci     11th March 2020 Gold major Newcrest Mining has downgraded its production guidance for the 2020 financial year, following the $90-million sale of its Gosowong project, in Indonesia, and on the back of production difficulties at Lihir, in Papua New Guinea. Newcrest was expecting gold production for the full year... 

Coeur to reposition Silvertip, operations suspended

By: Mariaan Webb     21st February 2020 NYSE-listed precious metals miner Coeur has temporarily suspended operating activities at its Silvertip zinc/lead/silver mine, in British Columbia, Canada, as the mine struggles to generate positive cash flow amid deteriorating zinc and lead markets. Silvertip, which represents about 6% of... 

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