On the positive side, the Andean country's iron ore production grew by 66.8% when compared to the previous year.
Gold Mining News
Based on the improved outlook for Fosterville, the Toronto-based miner now anticipates that its full-year 2018 consolidated production will exceed the current target range of 655,000 – 670,000 ounces.
Up to 900 jobs will be eliminated.
Albuquerque, 60, will tackle offshore oil licensing rounds and planned energy privatizations.
In the meantime, don’t try to catch falling knives or chase weakness as there will be plenty of time to get into cheap juniors that can triple and quadruple once things really get going.
By market close on Friday, Aurania Resources' stock was up 6%.
The company is trying to expand the existing resource at Hermes South and determine if it could become another open pit mine.
Commissioning of the plant began in Q3 2018, and it is now treating existing tailings around the clock.
The company plans to use the proceeds for the exploration and development of the Las Chispas silver-gold project in Mexico.
Phoenix gold project has yielded positive reconciliation results that validate the 2018 mineral resource estimate as well as the new geological model.
Earlier this week, the company updated readers on its exploration program at the Kahuna kimberlite.
The discovery was made at the Daro project, located in the Tigray Regional State of northern Ethiopia.
Pure Gold purchased the Madsen property in 2014, advancing the project to the current development stage.
Aurelius previously made cash payments of $25,000 and issued 1.5 million shares to ALX.
Tait will take over in February from Aram Shishmanian, the council's CEO for the last decade.
The company stated that the region is host to numerous operating mines.
Windfall, which lies within the traditional territory of the Waswanipi Cree First Nation, is about 700 km northwest of Montreal.
The World Gold Council is funded by gold mining companies and aims to expand demand for gold.
A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is taking aim at mining executives who don’t have enough skin in the game.
The combination of the 4,700-hectare Troilus Gold property with the 11,309-hectare Troilus North property will create a 16,000-hectare exploration property in Quebec's Frotet-Evans greenstone belt.
The company extended known targets and discovered new high-grade vein systems at its La India gold project in Nicaragua.
Acacia chose to divest of South Houndé as part of an ongoing review of its exploration portfolio, to focus on core projects.
Nigeria, Africa's top crude oil producer, is aiming to diversify its economy by developing other industries such as mining through various incentives.
Most workers at Gold Fields' struggling South Deep mine have been on strike since Nov. 2 over the company's plans to cut around 1,100 jobs, or 30% of its workforce.
La Mancha is a private gold company with investments in Toronto-listed Endeavour Mining, Australia's Evolution Mining and Ghana-focused Golden Star Resources.