Anaconda has been busy trying to grow through mergers and acquisitions. Last year, it acquired its first project in Nova Scotia — Goldboro — through the acquisition of Orex Exploration. And in February, it added a new deposit to Great Northern Project in Newfoundland.
Gold Mining News
MINING.com interviewed the Minerals Council of Australia CEO.
The project was operated by Canada’s Infinito Gold up to 2013.
Drilling at new projects up 57% as spending on gold exploration reaches 21-year high.
In India, the world's second-biggest consumer of the metal after China, gold futures rose to 30,700 rupees per 10 grams on Thursday, a peak since July 9.
Gold and silver were thrashed this past summer, relentlessly pounded to deep new lows.
Made of 99.99 percent pure gold, the coin features four rare Argyle pink and purplish-pink diamonds. The largest is 1.02 carat.
The Canadian miner expects annual production from La Arena mine to be near the low end of its forecast 160,000 to 185,000 ounces of gold.
Toronto-based miner said it doesn’t intend to amend any of the terms of its bid for Nevsun, but noted it would continue to pursue strategic growth opportunities.
Success breeds success and there is a great deal of exploration activity taking place in the Atlantic Canada province these days.
Unlike US space agency NASA, Luxembourg Space Agency (LSA) will not carry out research or launches. Its purpose is to boost exploration, mining and commercial utilization of resources extracted from near earth objects.
Yancoal Australia was on top.
Barkerville also has the option to grant Osisko an additional 1% NSR royalty on the Property for additional cash consideration of C$13 million.
Arguing the company has artificially inflated the value of its Canadian gold mine, which risks being taken over by creditors in coming months.
Acacia — Tanzania's No.1 gold miner— will retain a net smelter return production royalty over the project, capped at $15 million.
But rising gold imports could widen India's trade deficit and further pressure its currency, the rupee, which hit a record low of 71.95 against the dollar on Wednesday.
Deal gives Orion mine access to mineral rights for more than 80,000 hectares of land in Northern Ireland, which includes one of the world's top ten undeveloped gold deposits by grade.
BHP will gain access to SolGold's Cascabel project, in northern Ecuador, believed to have the potential to become one of the largest copper-gold assets ever discovered.
The Chinese gold and base metals producer will give Nevsun Cdn$6 per share in cash, trumping Lundin’s C$4.75 a share bid launched in July.
The Central Asia-focused explorer and developer said Tulkubash’s measured and indicated resource is now over 1.4 million ounces of gold, while the grade also rose 57% to 1.35g/t gold.
Guatemala's highest court ruling says mining operations will be suspended until government carries out consultation of the local indigenous people.
More than 30 workers have been made redundant.
The Australian miner was able to raise almost $1.3 million to help fund the acquisition of its first overseas asset.
The workers were killed in a gold mine in the southern Bolívar state.
Developers want to ease up geologists' work.