British Columbia’s top mining companies have been on a roller-coaster ride over the past five years.
Goldcorp. Mining News
Barrick's South Arturo loses top spot, two other Barrick mines dropped from top 10 ranking.
Access to its Peñasquito gold mine is being illegally block by a trucking contractor and some members of the Cedros community.
According to the Responsible Mining Foundation, most of the companies assessed show little or no evidence of efforts to strengthen the gender balance of their leadership and governance teams.
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.
Market signals are already showing troubling signs of this shift in the sector.
Deal creates the world’s largest gold producer by market value, output and reserves.
Deal creates the world’s largest gold producer by output, robing Barrick of its recently cemented supremacy.
Newmont's $10-billion acquisition of Canada’s Goldcorp is expected to close in the second quarter of the year.
The one-time special dividend, worth $470 million, will be given to Newmont's shareholders only if its friendly takeover of Canada’s Goldcorp is approved.
The holder of over 14 million Newmont shares sent the CEO a letter that outlines how the deal, under the current terms, creates negative value for Newmont shareholders.
Goldcorp's Ian Telfer has elected not to join the company’s board of directors when the merger of Goldcorp and Newmont Mining takes effect.
The mine is the company’s biggest in the South American country.
The Agua Rica mineral reserve is estimated to contain 4.5 million tonnes of copper and 6.5 million ounces of gold contained in approximately 910 million tonnes of ore.
Chief executive Mark Bristow will discuss a potential JV with rival Newmont only if his company runs the operation.
The US mining giant also fired back with a deal that seeks merging operations in the state of Nevada.
The finalists are competing for the opportunity to negotiate up to $1 million investment in the winning technology.
The portfolio would include their Kalgoorlie super pit 50/50 joint-venture in Western Australia, as well as other regional assets such as Porgera, Tanami and Boddington mines.
Headlines are echoing the shift toward the Yukon’s second gold rush.
Analysts have revised Canada's 2019 gold mine production growth forecast up to 6% from 2%.
“Mining is the slowest industry to adapt to new technology.”
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.