The introduction of new, tougher standards point to a harsher, less forgiving approach to enforcement and larger fines for mining companies that fail to complain to regulations as well as environmental and social expectations.
Gold Mining News
British Columbia’s top mining companies have been on a roller-coaster ride over the past five years.
The gold mining industry that built South Africa and produced about half of the yellow metal that’s ever been dug up seems now to be in terminal decline.
The Mining Association of Nova Scotia (MANS) will be holding the first ever Nova Scotia Gold Show in Halifax this October.
SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill is expected to vote against the re-election of the Canadian miner’s board members this week.
Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 – 2024, and over 400,000 ounces during the remaining seven years.
People in the north-central city of Bucaramanga are worried because the project sits just outside the Páramo de Santurbán.
Supported metal prices, debts being slashed, and production efficiency growth were the keys for the good performance.
The Vancouver-based company says its flagship gold and silver mine in northern Ecuador is 59% complete.
The property is about 17km south east of the operating Mesquite Mine recently acquired by Equinox Gold for $158 million.
The Young Mining Professionals (YMP) is bumping up its YMP Scholarship Fund for the 2019-20 academic year for students in mining-related university programs in Canada.
Gold futures in India fell to 31,240 rupees per 10 grams last week, the lowest in more than four months and down 8.2% from a 2019 high of 34,031 rupees hit in February.
The comments coincide with government plans to review existing conservation areas amid growing pressure from mining and agriculture lobbies.
Quebec-focused Monarch Gold is taking a 14.2% stake in Unigold, whose Nieta project in the Dominican Republic has an open-pit inferred resource of 39.49 million tonnes.
Sibanye faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti Ltd. plans to sell.
The Island Gold mine is expected to produce between 135,000 and 145,000 oz. of gold this year.
Foreign and local companies invested about $383 million exploring in Mexico in 2018, down 37.4% from the $612 million injected into the economy in 2017.
South African gold production shrank for an 18th straight month in March, extending the longest run of contractions since the financial crisis.
Acacia Mining saw a surge in gold production in April thanks chiefly to a 54% rise in output from its disputed North Mara gold mine in Tanzania.
AngloGold announced on Thursday that it’s in the early stages of a sales process for Mponeng, the world’s deepest mine and its last underground operation in South Africa.
The high-grade gold exploration project is located in Esmeralda County, Nevada.
A wave of consolidation is coming in the gold mining industry, but don’t count on buyers overspending on assets.
The company has increased the mineral reserves at its Youga gold mine by 23% – extending the mine life by an additional four years to 2031.
High grade extension in the upper East and West mines have been outlined and are potential new underground mining areas.
Communications expert Michael Goehring takes helm at Mining Association of BC.