Rough day for world's top gold mining company ends on high note.
Barrick Gold Mining News
Barrick's plan going forward includes increasing its portfolio of so-called tier 1 assets over time, and gradually shedding anything that’s not tier 1 or deemed to be “strategic.”
The Canadian miner said it has a strong relationship with partner Ma’aden.
Barrick Gold Corp will make a bigger push to attract institutional investors in China under a new deeper-ties pact with Shandong Gold, aimed at bolstering its shareholder base, executives told Reuters.
Barrick said earnings and cash flow impacted by planned maintenance activities at Barrick Nevada and Pueblo Viejo.
Dushnisky will join AngloGold in September, ending the search to replace Srinivasan Venkatakrishnan, who left the world’s third-biggest gold miner in April to run India’s Vedanta.
The public is being asked to review and provide feedback on Donlin’s reclamation and closure plans.
It’s been a year since Acacia Mining Plc’s majority shareholder started talks on its behalf to end a standoff with the Tanzanian government.
Gold production for the three months to June dropped 36% to 133,778 ounces as operations at two its three mines - Bulyanhulu and Buzwagi – were scaled back.
Barrick, which has been negotiating on Acacia’s behalf for over a year, had said it would deliver a deal for Acacia’s board to vote on by the end of June, but now says talks are ongoing and it has backed away from setting a new deadline.
Alicanto Minerals will retain 100% of Arakaka gold project.
During the initial phase of the project ASI will retrofit five Komatsu 930-E Ultra Class haul trucks to autonomous operation at the Arturo mine.
ATAC’s technical team is operating two diamond drill rigs on the Conrad Zone at the wholly-owned Osiris Project.
The Shareholders Gold Council (SGC), expected to be launched as early as June, will have more than a dozen investors.
While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows.
Other than cash sum, the US miner is receiving 60 million Maverix common shares, representing a 28% stake in the Canadian company and warrants for an additional 10 million common shares.
Goldcorp Inc. CEO David Garofalo says he’s happy with his company’s portfolio of assets, but that doesn’t mean he doesn’t have a wish list.
"You're starting to see AI being used in some quite interesting ways within processing."
The glacier inventory is now the most authoritative document indicating where the no-go zones are for mining.
Tanzania is seeking a bigger slice of the pie from its vast mineral resources by overhauling the fiscal and regulatory regime of its mining sector.
Converting the power plant that feeds the Pueblo Viejo mine from heavy fuel oil to natural gas is expected to reduce the operation’s average cost of sales and all-in sustaining costs by about $54 per ounce.
The $38-million investment will give Barrick an almost 20%-stake in Midas Gold.
Automated mining technologies require governments and the mining industry to consider how efficiency gains will change local mining communities.
The materials industry, which includes miners, trails all other sectors in the Bloomberg World Index on rates of female participation.