SilverCrest is “an attractive takeout candidate for a mid-tier gold and/or silver producer.”
Newmont Mining Mining News
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.
Consolidation season has finally arrived in the goldfields, just as many experts and analysts have been predicting for some time now.
Some of the mining world’s top executives are starting to plan their departures.
The cost to create the world’s largest gold company: A 17 percent premium for a $10 billion all-shares acquisition that faces some big-time challenges down the line.
Massive deal creates company that challenges rival Barrick as the world’s largest gold producer.
Looking ahead, he continued, the company is executing three projects that will be completed before the end of 2019.
The mine is 307 km northwest of the nation’s capital of Accra, and is situated along the Sefwi Volcanic Belt, a northeast-southwest trending volcanic belt in western Ghana.
According to Fitch Solutions, slightly higher prices and stronger company financial positions are encouraging greater mine investment.
Maverix Metals expects to exceed its previously announced guidance for the year of 18,000 to 19,000 gold-equivalent ounces.
Falling gold and copper prices hurt the miner's results for the three months to Sep. 30.
Merian has an estimated mine life of 15 years and is exploring on other parts of the property.
Nevada gold mines keep "rocking the boat."
Toronto-based Barrick announced it would purchase Randgold for a spectacular $6 billion.
Chief Executive Officer Gary Goldberg said while not interested in the entire companies, he would interested in buying Barrick’s half of their shared Kalgoorlie mine in Australia, which Newmont operates.
The US miner will eventually have to invest a minimum of $3 million in Miranda Gold's Lyra project to be granted a 51% stake on it.
(FAANG) Facebook, Amazon, Apple, Netflix, and Google vs (BANNG) Barrick Gold, Agnico Eagle, Newmont Mining, Newcrest Mining, and Goldcorp.
They want to grow the Ecru Project, located in Lander County.
Newmont Mining is the largest user of Cat underground vehicle automation technology in the western hemisphere.
All-in sustaining costs of between $650 and $750 per ounce.
The US-based miner, however, cannot directly negotiate wages and other benefits with its subcontractor’s employees.
Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.
Buenaventura’s U.S. shares have surged 63 percent in the past two years, the most among peers.