The company said the expansion of the New Princeton Gold discovery area made sense following a recent gold discovery from the bedrock trenching.
Canada Mining News
Earlier this year, Yamana announced a hike in its exploration budget to $11.2 million from the previous $9 million.
The giant also said it wants "more exposure" in Canada.
The mine is expected to produce an average of 62,000 ounces of gold a year over a seven-year mine life .
Canada’s largest diversified miner is also studying a Phase 3 for Quebrada Blanca, which would double the mine’s capacity to 600,000 tonnes of copper a year from the 300,000 it’s expected to achieve once Phase 2 is completed.
It is expected that companies may choose to use the updated guidance starting January 1, 2019.
White Metal is expanding its gold property located in the Botwood Basin.
The Melbourne-based miner is interested in the Highland gold/silver project, located within the Walker Lane Gold trend.
The Innu First Nations filed their lawsuit in 2013, seeking compensation of $900 million.
The 18.3 million shares represent approximately 10% of Sandstorm’s current shares outstanding.
North Star Infrastucture, a consortium of Kiewitt, Hatch & Thurber to construct all-season road.
Industrial IoT a key force in reducing the environmental impact of the mining sector, finds Inmarsat
Research finds almost half of mining organizations are pursuing Industrial IoT to improve environmental footprint and resource efficiency.
Silver Range sampled the back of a collapsed stope in the Gold Chief property and the results returned 14 m at 1.93g/t gold including 4 m at 3.86 g/t gold.
Results are from the Bongará Zinc Mine located in north-central Peru.
Budgets jumped about 19%, outpacing last year’s gain.
A large component of every World Mining Competition case is an extensive financial analysis.
Canada’s largest diversified miner has been looking for a development partner for the $4.8-billion extension of Quebrada Blanca copper mine in northern Chile.
CEO Matt Mason will be replaced by chief operating officer Patrick Godin, who joined Stornoway in 2010 and was appointed to the board of directors in 2011.
The Vancouver-based miner acquired Altos De Punitaqui, a producing copper-gold operating company.
Exploration drilling at the Kamoa North prospect area, which forms part of the company's Kamoa-Kakula mining licence, has defined two new, continuous corridors of shallow and high-grade copper mineralization.
The miner said the strike is a breach of the Collective Labour Agreement.
Deal creates one of the world’s biggest silver mining companies.
The same hole also intersected a separate copper rich zone.
The results follow a comprehensive ground mapping and sampling field program this summer.
The project has a pre-production capex of $300 million with additional sustaining capital of $406.0 million.