The company, which is based in Toronto, sees “tremendous growth potential lying ahead.”
Gold Mining News
Since drilling began in in 2018, Monarch has expanded the deposit and confirmed its high-grade potential.
Data shows West Africa has the biggest growth rate in the yellow metal’s resources in the world.
Within the span of a decade, the country quadrupled its bullion reserves, and 2018 marked the most ambitious year yet.
Piotr Koper, who spent years hunting for the elusive train rumoured to be laden with gold and gems, has found two dozen priceless Renaissance portraits.
The project has probable open pit reserves of 141.7 million tonnes grading 1.02 g/t gold for 4.6 million contained oz.
Kirkland Lake Gold chairman Eric Sprott has announced his retirement, effective after the annual meeting on May 7.
The company has increased its overall reserves by 6%, net of mining depletion.
The company has intersected 175 metres of 0.28 g/t gold at its Blue Lake porphyry prospect in Papua New Guinea.
Small miners are finding it increasingly difficult to raise capital to fund new ventures despite the positive demand outlook for several commodities.
South African mining companies are challenging parts of a government charter aimed at redistributing the country’s mineral wealth, saying it will deter new investment in the industry.
The plan puts emphasis on emphasis on agritech, aerospace, defense, renewable energy and telecommunications.
The companies want to enter into an exploration agreement with an option to form a joint venture on the Garfield Flats project.
Work is scheduled to begin in the June quarter, with first gold expected in the second half of 2020.
The company has started a preliminary economic assessment which it expects to complete by year-end.
The company has added 248,700 oz. gold to its indicated resource but lost 628,400 oz. gold from its inferred resource.
Golden Predator has agreed to purchase 100% of the Reef gold property from Precipitate Gold.
Iamgold and JV partner Sumitomo Metal Mining Co. have discovered a new gold zone at their Côté project.
Sibanye Gold Ltd. has decided that it won’t extend the life of Driefontein, once the biggest mine on the continent.
Newmont's $10-billion acquisition of Canada’s Goldcorp is expected to close in the second quarter of the year.
Companies have requested a judicial review of South Africa's 2018 mining charter to change clauses related to transactions made in the past to increase black ownership.
The precious metals producer is looking into opportunities in gold and the battery metals sectors.
Currently there are no set of universal rules defining exactly what a tailings dam is, how to build one and how to care for it after it is decommissioned.
The KSM project has been described as one of the largest undeveloped gold projects in the world, measured by reserves.
The deal with Wildsky Resources was first announced two months ago.