The Canadian miner said its long-term growth strategy focus on developing its existing pipeline of projects, while seeking global exploration opportunities.
Precious Metals Mining News
Once at full-tilt, the open-pit operation is expected to generate 65,000 ounces of gold annually over an 8-year mine life.
The farm-in deal gives Newcrest the option to acquire 70% of the project by spending $65 million on exploration and development over five years.
Comments come after parent company Barrick Gold proposed to acquire all of the shares it does not already own in the Tanzanian miner.
Fresnillo, which mines gold and silver in Mexico, said silver output dropped last month mainly due to lower grades of ore and lower ore throughput.
The decision to take a dual listing comes as Canadian investors shun junior miners, preferring the buzz and growth potential of cannabis producers.
Mining Association of Canada (MAC) will be in charge of developing program to give miners tools and knowledge needed to better plan for climate change.
The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.
The Canadian miner said it wasn’t aware of any "material change" that would account for the sharp price rise in its stock on Thursday and into early trading on Friday.
Miner logged a pre-tax loss for the period of £352,553, compared to a £602,678 loss a year before, as administrative expenses almost halved.
Moves gives Aussie miner access to the Moose River gold complex in Nova Scotia, Canada, which comprises one producing open-pit and three other development projects.
Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 – 2024, and over 400,000 ounces during the remaining seven years.
Companies have requested a judicial review of South Africa's 2018 mining charter to change clauses related to transactions made in the past to increase black ownership.
The precious metals producer is looking into opportunities in gold and the battery metals sectors.
The 2019 report on corporate social responsibility described the community-related activities the company has been engaged for over 15 years at the Ixtaca precious metals project in Puebla State, Mexico.
The proposed ban would last from May 1 to Oct. 31 this year.
Scotiabank's Mocatta metals arm has for years been the world's biggest lender to the physical precious metals industry.
Prospero Silver Corp is pleased to announce that it has arranged a US$270,000 strategic investment from Fortuna Silver Mines Inc.
Platinum has been caught in a broad sell-off as investors rush to the safety of the dollar.
Imports of jewelry, precious metals and stone products would be under the microscope.
Geopolitical risk, geopolitical turmoil, the threat or the idea of such is always good for gold.
The bulk of ScotiaMocatta's business is in precious metals and it is one of five banks that clear bullion in London's $5 trillion a year gold market.
Oil, copper and silver all beaten up.
The vultures are circling. Precious metals bulls, laid flat by gold and silver prices dropping for the 5th week in a row, are watching deflationists such as Harry Dent and the financial media squawk about […]
Greece defaulted at the end of June, and metals investors expected higher prices in July. What we expected isn’t what we got. It isn’t the first or last time markets surprised investors. Do lower spot […]