The cost to create the world’s largest gold company: A 17 percent premium for a $10 billion all-shares acquisition that faces some big-time challenges down the line.
Gold Mining News
Gold Drop was mined intermittently from 1919 to the 1980's and hosts 8 known gold bearing veins or vein systems.
The company reported a worse-than-expected third-quarter loss in October, sending shares to the lowest since 2002 a day later.
“The question becomes now, will there be a domino effect?”
Canada’s influence on the global mining industry appears to be shrinking by the day.
"It’s obviously really important for Tshisekedi to have SADC’s approval and endorsement for his presidency”
Since the union downed tools at Sibanye's gold operations in mid-November, four employees have been killed during strike-related violence.
The global initiative requires member countries to disclose how they allocate licences and how much they receive from the companies in tax, royalties and other contributions.
Ecuador’s largest underground gold and silver mine is on track to begin production before the end of the year.
Massive deal creates company that challenges rival Barrick as the world’s largest gold producer.
The largest firms in the world are likely to remain committed to spending cuts.
Contracted workers are alleging unsuitable working conditions.
Prior to this discovery, it was thought that mainly men were allowed to use the blue stone.
In 2018, the Canadian miner produced 354,000 ounces of gold at its El Limón Guajes Complex.
El Niño could impact countries such as Brazil, Colombia, and Ecuador that heavily rely on hydroelectric plants to generate.
TomaGold will own a 50% interest in the Monster Lake property, with IAMGOLD holding the other 50%.
The company drilled 730 metres across seven holes.
New research reveals that cryptocurrency mining expends significantly more energy compared to the mining of natural resources.
While the general Chinese sentiment is very bullish on the gold price, in India retail buying is weak due to Khar Mass and higher prices.
As the saying goes, if you think knowledge is expensive, try ignorance.
The Canadian miner now owns 85% of Ity, the government of Ivory Coast 10% and State-owned mining company Sodemi the remaining 5%.
The Vancouver-based miner is staking an additional Cu-Au porphyry target.
Newmont also cut overall production guidance for its North American operations for 2018.
Alamos said the high grade mineralization is known to extend 1,000 metres east of the current mine working.
The best hole assayed 8.70 g/t gold over 3.4 metres, including 169.50 g/t over 0.5 metre.