Ken Mackenzie vowed "to bring a fresh perspective to management’s ongoing process of reviewing the portfolio" and "the way we allocate cash".
Canada Mining News
The Ity mine, in Côte d’Ivoire, has produced more than 1.2 million ounces of gold in its over 20 years of operations.
President John Magufuli also directed the central bank to buy the precious stone to boost reserves — the latest twist in a spat with mining firms over alleged tax evasion.
Transaction gives the US-based buyer full ownership of Canada’s Ekati diamond mine and a 40% stake in Diavik, which is operated by Rio Tinto.
Shares in the diamond miner fell for a second consecutive day after it warned that two of its South african mines had been affected by strikes.
Conditional upon the completion of the Transaction, Integra will acquire 47 mining claims totaling approximately 238 hectares that form part of the Florida Mountain claims group, which are situated in the Carson Mining District in Owyhee County, Idaho.
McEwen announces bought deal at deep discount to ruling share price to finance purchase of Ontario gold mine.
Initiative seeks contributing to global efforts in preventing the use of child and forced labour in the mining supply chain, and to providing information needed to demonstrate the responsible sourcing of minerals and metals.
The Africa-focused diamond miner said that would likely happen unless it solves its issues with the government of Tanzania.
Draft bill gives government first option to buy unusually large diamonds found in the country's mines, such as the world's second-biggest 1,109 carat diamond discovered by Lucara two years ago.
Projects aim at boosting output and lowering costs.
BMO Capital Markets explained the mine acquisition deal in British Columbia and its likely benefits for this precious metals miner.
While the company can now proceed with development of Olympias, is still awaiting permits for its Skouries project, the main bone of contention with Greek authorities.
A report by the Centre for International Governance Innovation argues the global push to reduce carbon emissions over the next three decades will reduce the size of future oil markets.
The current resource base is 1.6 million ounces of gold in the indicated category and 178,000 ounces inferred.
Greek government alleges a technical study for the company’s Madem Lakkos metallurgical plant is deficient and thereby violates environmental terms.
Prototype of battery electric LHD will be sent to a Canadian mine site.
Move would seek to secure approval for its friendly merger with smaller rival Agrium, creating the world’s largest potash miner worth about $36 billion.
The miners from the Eldorado Gold mine in the Halkidiki region were protesting looming layoffs as the company said Monday it would suspend all operations in Greece.
The company was also included in the Dow Jones Sustainability North America Index for the 11th consecutive year.
The deal grants Coeur access to Silvertip mine, high-grade silver-zinc-lead operation located in B.C., Canada.
All three projects are now over 95% built and transitioning into start up.
Acquisition makes of Alamos a top-10 gold producer in North America.
Current coal production is being stockpiled on site, and trucked and stored up at the Provincial Energy Ventures port in Sydney, Cape Breton, for export.
Citing delays in permits from the Greek government, the company said no additional investment would be made into the Olympias and Skouries projects or the Stratoni mine, which it acquired in 2012.