Bear Creek would also consider selling a stake in the $550m Corani project in southern Peru to help pay for the project.
Gold Mining News
Buenaventura’s U.S. shares have surged 63 percent in the past two years, the most among peers.
Regulations to implement the new code are due to be signed into law next week.
This is the fourth project to be drilled under the terms of a second round of strategic investment from Fortuna Silver Mines, announced in early May.
The South African gold producer is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer's chief executive told Reuters late on Tuesday.
While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows.
Polyus gold, Russia's largest producer of the metal, reported first-quarter net profit down 51 percent at $244 million, hit by reduced foreign exchange gains and other non-cash items.
Jamie Keech of Capital Exploits talks with Maurice Jackson of Proven and Probable about what he sees as the benefits of investing in Platinum Group Metals.
India seeks to import gold and diamonds for value-addition before exporting them.
The London-listed firm is near the end of a quest to bring on technology to boost profits from the treatment of refractory gold ore.
The mining companies insist the government reinsert a stability clause, present in the former code.
Other than cash sum, the US miner is receiving 60 million Maverix common shares, representing a 28% stake in the Canadian company and warrants for an additional 10 million common shares.
Worldwide there are over 30,000 exploration projects.
A planned LNG project alone would shrink the trade gap between U.S. and China by up to $10 billion a year says Governor Bill Walker.
In late April, Millbrook Minerals became the first copper-zinc explorer to sign an International Economic Association (IEA) contract with Cuba's GeoMinera, becoming the first Canadian firm to sign a deal with the Island since the mid 90’s.
The Grassy Mountain Gold project is expected to produce 47,000 ounces of gold and 50,000 ounces of silver for 7.25 years.
According to Labrador Gold, the Florence Lake belt is significantly underexplored for gold compared to greenstone belts elsewhere in the world.
The Meghan Markle effect has spread to yellow gold jewelry, helping boost United States sales in the first quarter of 2018 with further gains expected.
Physical gold demand remained subdued this week in most Asian hubs as prices rebounded following an initial dip.
Gold output in 2018 will now be between 505,000 and 515,000 ounces, compared with a previous forecast of 580,000 ounces, Centamin said.
Juniors are ready to soar when gold sentiment turns.
Fighting between the Congolese army and a local militia in eastern DRC forced Banro to suspend operations at the Namoya gold mine for a month in mid-2017.
Northern Dynasty stock drops 32% after pact with First Quantum to build giant Alaska copper-gold mine collapses.
The recent Fed’s monetary policy statement did not bring good news for the gold market.
With new technologies providing opportunities for growth, mining companies are preparing to launch into a new wave of investment.