The mine is expected to produce an average of 62,000 ounces of gold a year over a seven-year mine life .
Gold Mining News
A Nevada gold project, once fast-tracked to production, is the focus of additional exploration.
Q3 which proved challenging for miners as lower gold prices cut deeply into cash flows and profits, and production-growth struggles persisted.
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.
Gold Fields is having to sneak maintenance teams into its South Deep mine in South Africa after protesters shot at vehicles trying to enter the site, where workers have been on strike since Nov. 2.
Dealers in India were charging a premium for the first time since early September -- of up to $3 an ounce over official domestic prices this week.
The nine mines, six of which are nickel operations, have been shut since 2017 as part of an environmental crackdown on the sector.
The company has now upgraded 90% of its Kari Pump resource to the indicated category.
The 18.3 million shares represent approximately 10% of Sandstorm’s current shares outstanding.
This company's system, which is portable and nontoxic, affords mining companies cost and time efficiencies.
Adjusted net earnings were $35 million, a 49% drop from $67 million in net earnings in the third quarter of 2017.
What do you do if you’re a family that owns significant gold mineralisation, and you’re seeking commercial support to extract the full potential?
The company "unsuccessfully tried to boost short-term performance" including "questionably running up its accounts payable to exaggerate cash flows."
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.
The company said the expansion, to start in early 2019, would add an average 60,000 tonnes of copper a year to its production over the first 15 years of operation.
New York-based Paulson & Co maintained its stake as spot gold prices declined more than 5%
Under the agreement, Premier Gold can acquire a 100% stake in the 206-hectare Rodeo Creek land package.
Golden Ridge spent $4 million on exploration at Hank and completed nearly 11,000m of diamond drilling.
Sibanye-Stillwater currently employs over 32,000 people at its South Africa gold operations.
Iran executed a gold dealer known as the “Sultan of Coins,” in a warning to merchants not to exploit the country’s financial troubles as U.S. sanctions squeeze the economy.
Gold’s second straight quarterly decline was not enough to shake billionaire hedge-fund manager Ray Dalio’s confidence in gold.
The Vancouver-based miner acquired Altos De Punitaqui, a producing copper-gold operating company.
The miner said the strike is a breach of the Collective Labour Agreement.