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McEwen declares commercial production at Gold Bar, appoints new Nevada GM

By: Creamer Media Reporter      23rd May 2019 NYSE- and TSX-listed McEwen Mining has reached commercial production at its Gold Bar mine, which is under the supervision of its new Nevada general manager (GM), Jack Henris. Henris joined McEwen from Goldcorp, where he was VP of mining and geotechnical. His appointment is aimed at driving... 

Glencore and First Cobalt team up to restart refinery

By: Esmarie Iannucci     22nd May 2019 Diversified miner Glencore has thrown its support behind the restart of dual-listed First Cobalt’s refinery in Ontario. The two companies have signed a memorandum of understanding (MoU) to supply cobalt feedstock and financing to recommission the First Cobalt refinery, with First Cobalt and... 

Canadian miner Pure Gold starts trading on LSE

By: Mariaan Webb     21st May 2019 Canadian gold development company Pure Gold Mining on Tuesday made its debut on the LSE main market, in the UK, trading at 32.50p a share. The listing, which is alongside the company’s existing Toronto listing, will introduce Pure Gold to European and UK investors as it approaches the... 

Pure Gold to list on London main market next week

By: Creamer Media Reporter      15th May 2019 Canada-focused gold development company Pure Gold, which owns the Madsen gold project in Red Lake, Ontario, will be listing on the main market of the LSE next week. The London listing will be a dual listing, as Pure Gold already maintains a listing on the TSX-V. 

Noront expects ‘lengthy’ enviro permitting phase for ferrochrome plant

By: Mariaan Webb     13th May 2019 Development company Noront Resources has settled on a site for the ferrochrome plant that it plans to build to treat ore from its chromite mines in the emerging Ring of Fire camp, but the junior is expecting “lengthy” environmental assessment phase and says commissioning of the facility is still... 

Harte Gold receives permit for 800 t/d operation

By: Tasneem Bulbulia     7th May 2019 TSX-listed Harte Gold on Monday announced a total refinancing of its existing debt and receipt of approval to increase operational throughput from 540 t/d to 800 t/d at its Sugar Zone mine, in White River, Ontario. The senior debt financing package for $72.5-million would be provided by BNP... 

Kirkland Lake raises bottom-end of production guidance

By: Tasneem Bulbulia     7th May 2019 Dual-listed Kirkland Lake Gold has raised the lower end of its production guidance for the year, on the back of strong first-quarter results at the Macassa mine, in Canada, and Fosterville mine, in Australia. The miner now expects to produce at least 950 000 oz, Kirkland president and CEO Tony... 

Fortune confirms on site gold recovery from cobalt concentrates

By: Creamer Media Reporter      6th May 2019 TSX-listed Fortune Minerals could potentially defer the construction of its downstream refinery, after recent tests have confirmed that it could achieve good gold recoveries from its cobalt and bismuth concentrates at the proposed Nico mine site. The company, which had to find a new site for its... 

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... 

NAP hits quarterly revenue record

By: Mariaan Webb     3rd May 2019 The world’s only pure play palladium producer, North American Palladium (NAP), has reported its highest-ever quarterly revenue of C$128.3-million, thanks to a strong palladium price. Revenue jumped nearly 50% in the first quarter of 2019, when compared with the C$86.6-million revenue in the first... 

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