The PFS outlines a mine life of 11 years and total recovered metals of 345,000 ounces of gold, 8 million ounces of silver, 254 million pounds of copper and 626 million pounds of zinc.
Gold Mining News
The company will table an updated resource estimate for Goldboro by 2019’s third quarter.
The deal also will be voted on by Newmont shareholders next Thursday. If approved, the deal is expected to close by June.
Mining operation is running normally despite the incident, says the company.
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for raw materials has led governments to change the rules for miners operating in their countries.
Australia’s largest gold producer has been searching for juniors with appealing assets in Western Australia's Paterson region to jointly develop them.
The San Felipe property is located 55 kilometres from the company's Mercedes mine in Sonora.
The new find was made at the Crawford target, with drill intercepts of 21.26 g/t gold over 1.7 metres.
Cross-border concerns about mineral exploration and logging in British Columbia's Skagit River watershed may put a long-simmering campaign to close a hole in the middle of two provincial parks back on the front burner.
The controlling shareholder is Polyus Gold International Ltd (PGIL), owned by Said Kerimov, son of Russian tycoon Suleiman Kerimov.
Investors are yanking money out of gold exchange-traded funds as hints of improving global growth and surging stocks lure them into riskier assets.
Saudi Arabian Mining Co. plans to boost gold output from about 415,000 ounces this year to one million by 2025.
Virginia City, where the competition was held, hosts the largest strike in the world.
The company said Felix Tshisekedi had confirmed his intention of working with miners to keep growing the Central African nation’s gold sector.
In the he latest issue of propaganda newsletter Al-Naba, ISIS took responsibility for the abduction and murder of Halifax, Nova Scotia-based Kirk Woodman.
Inferred resources total 610,000 tonnes averaging 16.7 g/t gold for 328,000 contained oz. of gold.
Hecla estimates the Casa Berardi reserves contain 1.9 million oz. of gold.
The company is targeting the project’s Margarita Vein, where it recently drilled the project’s best intercept to date.
Surface exploration drilling returned 73.5 grams gold over 1.3 metres starting from 209 metres downhole and 18.5 grams gold over 5.8 metres from 170 metres downhole.
Further testwork is underway, the results of which are expected to be available in late 2019 or early 2020.
The companies say that their OptiMine Analytics technology is particularly useful when it comes to dealing with failing equipment and regular maintenance.
The pieces include double-incuse Gold and Silver Maple Leaf bullion coins and its newest "Call of the Wild" bullion coin, which features a moose.
There is enough evidence to conclude that risk capital has found a new home, a BDO report shows. The question now is, how and where will junior miners find the capital needed to sustain their businesses?
Alamos will sell a portfolio of 18 royalties to Metalla Royalty and Streaming for $8 million in Metalla shares. Following the transaction, Alamos will own 6.26% of Metalla.
Commodities had their best quarter in almost three years, but demand outlook is running into troubling signs in the U.S. and China, the two biggest consumers.