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Barrick Mining News
Exeter shareholders will receive 0.12 of a common share of Goldcorp for each they have in the junior — that's a premium of 67% based on the part's closing prices on the day prior to the announcement.
In addition to raising costs for miners and delaying certain projects, the focus on the amount of water used by the extraction industry in the region will boost social pressure and anti-mining sentiment, experts say.
Deal will also see the two firms looking at jointly developing the nearby Pascua-Lama gold, silver and copper project and evaluating additional investment opportunities in the area.
Measure is temporary, pending more information on what happened and the possible consequences of the new incident, San Juan’s governor said.
A local government spokesman said a pipe carrying a “rich mixture” of gold and rocks came lose on Tuesday night, but no official information has been disclosed.
The world’s No. 1 and No. 3 gold producers will focus on developing gold mines in northern Chile's rich Maricunga belt.
Rumours come a year after the gold miner vowed to spend $640 million to extend the life of Lagunas Norte, worth about $1.4 billion according to industry experts.
The country's mining regulator will have to issue a new temporary closure plan for the project, including comments from other government offices.
The company is focusing on assets with the potential to add as much as 1.1 million ounces of gold to its total output beyond 2021.
But lower all-in sustaining costs mitigated the impact of decreased production, preliminary full-year figures show.
Executive Chairman John L. Thornton discusses company’s new global employee share plan.
Expected increased in the adoption of alternative energy sources by the country's gold sector to be boosted by recently passed regulations, such as the carbon tax.
The gold producer said the region will play an increasingly important role in its growth strategy.
Situation has worsened as a result of a shortage of new discoveries, cost cutting measures and miners digging out higher-grade material for a short-term gain, say experts.
Barrick and NOVAGOLD announce the appointment of Andy Cole as General Manager of the Donlin Gold Project in Alaska
Barrick Gold Corporation (Barrick) and NOVAGOLD RESOURCES INC. (NOVAGOLD), the owners of Donlin Gold LLC, are pleased to announce the appointment of Andy Cole as General Manager of the Donlin Gold project in Alaska.
While gold is giving back some of its largest gains following Trump's win in the US Presidential election, miners of the precious metals continue to climb.
The potential sale of a 50% stake in Veladero mine could fetch Barrick more than $1 billion, sources familiar with the matter say.
The miner said it didn't expect the18-day suspension to have a significant impact on its 2016 operating guidance for Veladero.
The incident happened on Sep. 8, when a pipe carrying process solution in the heap leach area was struck by a large block of ice that had rolled down the heap leach valley slope, Barrick said.
George Bee will assume as vice president of the Argentine side of the project effective Sep. 12.
Mr. Hill brings added technical experience to the investment review process at Barrick, complementing the economic and financial expertise of Chief Financial Officer Catherine Raw.
Most of them have been after existing operations and companies, rather than trying to build mines from scratch.
Reporting to Executive Vice President and Chief Financial Officer Catherine Raw, Mr. Oh will lead Barrick's Investor Relations team, and will serve as a central point of contact for investor engagement on governance.
Kinross, which operates two mines in Russia and also owns the problem-plagued Tasiast operation in Mauritania, seeks to strengthen its portfolio in North America.