Access to its Peñasquito gold mine is being illegally block by a trucking contractor and some members of the Cedros community.
Newmont Mining Mining News
Chief Executive Gary Goldberg said on an analyst call the combined company is targeting production of 6 million to 7 million ounces of gold annually.
The new business, yet to be named, will be owned 38.5% by Newmont Goldcorp and 61.5% by Barrick.
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.
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.
The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.
Newmont's $10-billion acquisition of Canada’s Goldcorp is expected to close in the second quarter of the year.
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.
British Columbia Investment Management Corporation will vote against the proposed merger of Goldcorp and Newmont due to Goldcorp’s decision to award its chairman a $12m retirement allowance.
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.
Mounting investor concerns sent Goldcorp shares tumbling in New York.
Project included the installation of two power stations, a 66 kV interconnected power line, and a 450 km natural gas pipeline.
Newmont's ownership in Continental could increase to 28%
After a parade of insults, suspect numbers and pitch decks, Barrick Gold Corp. and Newmont Mining Corp. have agreed to a deal.
Under the deal, Barrick will take a 61.5% stake in the joint venture consisting of the duo’s Nevada mines, with Newmont holding the remainder.
Australia’s largest gold producer is paying $806.5 million for a 70% stake in Imperial Metals’ Red Chris copper and gold mine, located in British Columbia.
After more than a week of tough talk firing back and forth, the leaders of the two biggest gold producers are finally coming to the table.
Chief executive Mark Bristow will discuss a potential JV with rival Newmont only if his company runs the operation.
The country's gold production hit an all-time high of 317 tonnes in 2018, breaking the previous record of 314.5 tonnes, which stood for 21 years.
The US mining giant also fired back with a deal that seeks merging operations in the state of Nevada.
"The current market is reminiscent of the late 90’s and early 2000’s."
Barrick forecasts over $7 billion in pre-tax savings over 20 years, based on net present value — $4.7 billion of which will come from Nevada.
The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 companies, is setting an independent panel of experts to develope a global standard for tailings facilities to be enforced to its members.
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.