The government declared the accident a disaster.
Gold Mining News
Known as the Ram's Horn, the sample is so rare that it has been impossible to cut into it or analyze it with x-rays.
Terramin's Angas zinc mine will host a 5 MW Advanced Compressed Air Energy Storage facility.
The company is working with several wearable technology providers so companies can monitor biometric and environmental data to identify whether employees are experiencing dangers or risk, beyond a equipment failure.
Operating cash flow reached $790 million in 2018, and cash and equivalents of $349 million, $1.9 billion in liquidity, and no debt maturities until 2021.
Combining major gold miners already struggling with slowing production doesn’t solve the problem, but only masks it for a single year.
Until there is a solution to what is happening globally with Brexit and trade talks, we might see no clear direction.
The miners were trapped on Tuesday night when the shafts they were working in were flooded after a nearby dam burst.
The miner has added 780,000 indicated ounces of gold to its Doropo project in Cote d’Ivoire, taking the its overall resource to over 2 million ounces.
Before it was suspended, the 2018 diamond drill program enabled the company to extend the limits of the deposit, returning numerous intersections with high-grade gold values.
Yamana Gold’s stock was up 4.65% in after hours trading.
Fortune will undertake the construction of a road from the mine site to Whati, a village is only 50 km south of Fortune’s NICO mill project.
An injection of A$5 billion to A$13 billion in workforce capability will be needed over the next decade.
Mark Bristow, known throughout the gold industry for his relentless focus on costs, is counting on his belt-tightening skills to take Barrick Gold Corp. to the next level.
The company intersected high grade silver and gold mineralization along a 1.5 km strike length at Babi Sur.
Seven weeks into the job, Barrick Gold Corp.’s new boss has already discovered, first hand, the challenges of developing and mining giant deposits in Latin America.
Small-scale gold producers, including illegal miners, accounted for nearly 60 percent of the record 33 tonnes of gold produced in Zimbabwe last year.
Sibanye-Stillwater said it had entered into talks with stakeholders on restructuring its gold operations following financial losses at the Beatrix 1 and Driefontein 2,6,7,8 shafts during 2018.
Yauricocha's reserves are, in the proven category, 1.8 million tonnes and a little over 7 million tonnes in the probable category.
The company recorded revenue of $377.1 million and adjusted net earnings of $29.0 million.
The rise was buoyed by an increase in gold production and lower cost of mining.
SilverCrest is “an attractive takeout candidate for a mid-tier gold and/or silver producer.”
The company proposed a total shareholder payout of 13 crowns per share, composed of an ordinary dividend of 8.75 crowns and an extra payment of 4.25 crowns through an automatic share redemption.
In the previous year, Russia's gold output was 306.9 tonnes and silver output 1,044.3 tonnes.
The company said it failed to reach an agreement with a client in a dispute over a mining project in Latin America, prompting it to slash its profit forecast by more than 40% for the year.