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.
Newmont Mining Mining News
(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.
Other than cash sum, the US miner is receiving 60 million Maverix common shares, representing a 28% stake in the Canadian company and warrants for an additional 10 million common shares.
Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year.
The boss of the world's top gold miner has bought 306,000 additional shares in the company.
The gold miner’s employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares.
Newmont’s Gary Goldberg honored for contributions to mining safety, value creation and sustainability
The award was presented by the American Institute of Mining, Metallurgical, and Petroleum Engineers (AIME) during the 2018 Society for Mining, Metallurgy & Exploration conference.
Rough year shuffles ranks of global gold mining giants as Freeport makes a comeback – 2018 forecasts point to another tumultuous year.
Miner is advancing a pipeline of projects expected to contribute more than 1 million ounces of annual production starting in 2021.
About 50,000 ounces — roughly 125 gold bars — is all that stands in the way of Newmont overtaking Barrick as world's No.1 bullion miner.
“We’re honored to be recognized as a mining industry leader in sustainability by RobecoSAM,” said Gary Goldberg, President and Chief Executive Officer.
Company was ranked as the top mining company globally, posting strong scores in the areas of quality of management, social responsibility, long-term investment, people management and innovation.
Stung by some lousy investments that led to billions of dollars in losses a few years ago, the world’s major gold producers have cut back on mining deals.
In 2017, miners finally got tailwinds from commodities as unsavory supply pressures bolstered prices. What’s ahead for 2018? Bloomberg asked six top execs.
With seven greenfield projects Denver gold miner on track to increase global share of gold production to 5%.
The world’s No.2 gold miner is also planning to boost dividend by at least 50% next year, based on balance sheet improvements and the performance of its gold mines.
Disappointed shareholders sink Barrick Gold shares 7.6% after $300m settlement with east African country over export ban is labelled a "downpayment".