“Mining is the slowest industry to adapt to new technology.”
Goldcorp. Mining News
The companies announced their planned all-share tie-up in January, just two weeks after the Barrick-Randgold merger was finalized.
Combining major gold miners already struggling with slowing production doesn’t solve the problem, but only masks it for a single year.
The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.
Wood Mackenzie forecasts that global lead production will increase in 2019 by about 250 kt.
The company reported a worse-than-expected third-quarter loss in October, sending shares to the lowest since 2002 a day later.
Canada’s influence on the global mining industry appears to be shrinking by the day.
Massive deal creates company that challenges rival Barrick as the world’s largest gold producer.
The property is adjacent to Goldcorp’s Eleonore gold project in the James Bay region.
Commissioning of the plant began in Q3 2018, and it is now treating existing tailings around the clock.
The companies launched 'IBM Exploration with Watson' in Canada.
Economic growth in Yukon and Nunavut is expected to surpass the rest of Canada due to new mine construction.
Grant supports innovation to cut greenhouse emissions, which the gold miner will do by opening the first underground mine in Canada to replace all diesel mobile equipment with battery electric vehicles.
(FAANG) Facebook, Amazon, Apple, Netflix, and Google vs (BANNG) Barrick Gold, Agnico Eagle, Newmont Mining, Newcrest Mining, and Goldcorp.
It now expects to produce at least 180,000-210,000 ounces of gold this year at Kışladağ, which brings Eldorado's full-year guidance down from 365,000-400,000 ounces to 315,000-365,000 ounces.
The innovation is expected to eliminate all greenhouse gases associated with the movement of ore and waste rock, equal to 5,000 tons of CO2 per year.