Highlights from the latest resource extension drill program include 11 metres grading 43.65 grams gold.
The company released an updated resource estimate that sees Madsen’s indicated resource jump by 319,000 ounces (18%) to a total of 2.06 million ounces.
OceanaGold Corp. says its mines will produce a total of between 500,000 and 550,000 ounces of gold and 14,000 to 15,000 tonnes of copper this year.
The financial penalties related to the dam collapse may prove even larger than those for Samarco.
The project has a $241 million after-tax net present value.
Inferred resources add 400,400 tonnes averaging 434 grams silver, 1.34 grams gold, 2.86% lead and 2.97% zinc.
The company has not yet released its 2018 full-year financials, but previously said it expects 2018 full-year AISC to be at $850 per oz. gold.
A December 2017 feasibility study estimated the open-pit project would produce about 116,000 ounces of gold over a 17-year mine life.
The company tested targets near the Meteor zone, where 2011 drilling cut 17.5 metres grading 88.35 grams silver, 1.11% lead and 3.39% zinc.
The company expects its 2019 gold production to increase to 615,000 to 695,000 oz. gold and its AISC to remain in the $760 to $810 per oz. gold range.
The company estimates the target’s surface foot print is 500 metres long by up to 100 metres wide, it remains open in all directions.
Galway Metals has discovered 7 metres of visible gold starting 51 metres downhole in a new area of its Clarence Stream project in New Brunswick.
The Yaramoko mine is situated in the Houndé greenstone belt region in the Province of Balé in southwestern Burkina Faso.
New Jersey Mining has intersected gold mineralization at its Paymaster Shoot in Idaho’s Coeur D’Alene district grading as high as 70.3 grams gold over 0.35 metres.
"The stage appears set in favour of precious metals for the year ahead"
The 66.7 sq. km project sits 24 km southeast of the city of Pachuca and along strike from the historic Pachuca-Real del Monte epithermal vein camp.
The company expects Oyu Tolgoi will be the world’s third-largest copper producer at peak metal production.
The company is trying to find the mine’s higher grade zones; it will then designate the barren zones as support pillars in its mine design.
The company is currently drilling its Coringa gold project and aims to update its resource by the end of 2019’s first quarter.
Woodman was an accomplished and respected geologist with a career spanning over 30 years.
IAMGOLD expects to produce fewer gold ounces while incurring higher all in sustaining costs and total cash costs in 2019 compared to 2018.
Alamos Gold produced 505,000 ounces of gold from its four mines in North America last year and expects a “similar rate of production” this year.
Gold Drop was mined intermittently from 1919 to the 1980's and hosts 8 known gold bearing veins or vein systems.
The company drilled 730 metres across seven holes.
The company has found that the project’s mineralized zone thickens and grades increase north of the main resource.