Agnico Eagle Mines is doubling down this year on Nunavut, Canada’s least developed territory.
Gold Mining News
Benchmark believes the Lawyers Trend has potential for near 5 million gold equivalent ounces.
The chairman and CEO also participated in the company’s rights offering last month.
Shares of Westhaven Ventures were down over 12% at market open on Monday.
Dome West is a 56-hectare land holding that is adjacent to the former Paymaster Mine property and separated by some 800 metres from Goldcorp’s open-pit Dome Mine.
The new business, yet to be named, will be owned 38.5% by Newmont Goldcorp and 61.5% by Barrick.
Sandspring Resources is putting the finishing touches on a preliminary economic assessment for its Toroparu gold project in the South American country.
Realize gold’s big problem right now is universal stock-market euphoria at extreme stock-bull-peaking levels. But that won’t last, it never does.
Top gold miners have destroyed $129 billion in value since 2011 peak.
The study indicates the project could produce 80,000 oz. gold per year over an 8.7 year mine life.
RNC recently made a high grade discovery at its Beta Hunt gold mine in Western Australia.
Drilling is set to begin April 24 on multiple exploration targets.
Three British Columbia properties are seeing some action in 2019.
The company achieved preliminary Q1 production of 1.37Moz gold and 106Mlb copper.
Newmont Goldcorp is now the world’s largest gold producer by market value, output and reserves, as well as the only bullion producer listed on the S&P 500 Index.
The Opemiska complex lies within the Abitibi Greenstone Belt and Quebec’s Plan Nord lands.
Separately, the company was granted two-year extensions to existing land use permits for the Goodwin Lake and Clan Lake properties.
Consolidated gold production was 230,859 ounces, 6% (12,704) ounces above budget.
Confusion over who’s in charge in Venezuela may keep Crystallex International Inc. from collecting a $1.2B arbitration award.
The property is a potential producer of copper, gold and molybdenum.
Last month, Managem reported a 16% drop in 2018 revenue after metal prices fell on international markets and its Bakkoudou gold mine in Gabon closed.
The company, South Africa's largest gold producer, has run up losses of about 1.6 billion rand ($114 million) and about 110,000 ounces of missed gold output because of the labour action.
Zinke left his post in January amid several federal investigations into his travel, political activity and potential conflicts of interest.
The company intends to complete detailed mapping, rock and soil sampling and possibly IP geophysics to confirm possible drill targets.
Market signals are already showing troubling signs of this shift in the sector.