The gold giant said it would approach the board of Acacia Mining to back the formal proposal that would settle a long-running dispute with the Tanzanian government.
Gold Mining News
Sixteen states sue Trump over border wall emergency. Is it good or bad for the yellow metal?
The company intends to incorporate its metallurgical test results into an updated preliminary economic assessment (PEA).
A new discovery at Fishhook returned up to 174.50 g/t gold in grab samples.
The company’s cash balance increased 47% year-on-year.
Gold should “break free” in 2019 amid a scarcity of safe havens says SocGen.
AMCU has been on strike since mid-November over a wage dispute - after losses at some of its mines last year.
The key to getting monster-sized returns in mining equities is to be small - Plethora Precious Metals Fund
This is not the first time the Chilean watchdog has fined Lumina.
Another hundred dollars in the gold price and the equity window will open.
It is very important that we can see the assets in our mix have long-term potential and to the extent that they don't or there is other strategic reasons to disinvest, we will do that.
The companies announced their planned all-share tie-up in January, just two weeks after the Barrick-Randgold merger was finalized.
“Without the security of an extended mining lease, it would be difficult to justify further significant investments in the mine,” a statement by the Canadian miner reads.
Toronto-based private-equity firm Waterton Global Resource Management is pushing for an overhaul of Hudbay Minerals’ board and the exit of the CEO, Alan Hair, over alleged "mismanagement."
CEO Andrew Mackenzie said it was too early to say what impact the recent Vale tailings dam disaster will have on efforts to restart BHP and Vale's jointly owned Samarco mine, shut since November 2015 after a dam collapse killed 19 people.
Two-thirds of 30 analysts polled by the LBMA see double digit gains for the gold price 2019, but the ride will be bumpy.
The utility gives the industry notice to reduce their power consumption by 15–20% when the national grid is at its tightest.
Indonesia forecast copper concentrate exports to drop to 200,000 tonnes in 2019 from about 1.2 million tonnes last year.
Terramin's Angas zinc mine will host a 5 MW Advanced Compressed Air Energy Storage facility.
The government declared the accident a disaster.
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.
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.