Orosur says that the scarcity of alternative sources of ore at its Uruguayan project is resulting in financial liquidity constraints.
Silver Mining News
The $4.9 billion-investment is part of Codelco’s 10-year, $39 billion overhaul of its core mines.
Upon knowledge of the accident all underground operations were suspended and authorities were notified.
Despite the political unrest in the Central American country, Condor has received an environmental permit for the development of a processing plant and associated mine site infrastructure at La India gold project.
Dawadmi is presumed to have been a hub from where mining products were exported 1,200 years ago.
Imports of jewelry, precious metals and stone products would be under the microscope.
The Nevada-based company posted a second-quarter loss of $15.6 million, or 5 cents per share, compared to a profit of $33.5 million, or 11 cents per share, in the year-ago period.
The Canadian precious metals miner logged a $10.6-million net loss for the first half of the year following a $49-million investment in its Gold Bar, Black Fox and Los Azules projects during the period.
Silverstream valuation had an adverse effect on profit before income tax, which came down 16.6% to $323 million.
Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.
The Vancouver-based miner said that the expected growth would be driven by Kisladag, its flagship gold mine in Turkey.
Companies can now perform non-systematic drilling during the early exploration phase of their mining concessions and without requiring an environmental license.
Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.
The public is being asked to review and provide feedback on Donlin’s reclamation and closure plans.
The company was deemed not eligible for an automatic approval of its drilling permit for the Cerro Hermoso project.
From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.
Go Gold announces sales of 382,150 silver equivalent ounces for the quarter ended June 30, 2018, which was an increase of 34% over the previous year.
McEwen Mining Inc.reports consolidated production for Q2 2018 of 36,959 gold ounces and 772,432 silver ounces, using a 75:1 gold to silver ratio.
Over 1,500 mining companies were operating in the South American country in 2016.
This is the latest disaster in the Hpakant jade mining region.
The Canadian miner plans to acquire the rights to the Milenos 32 concession adjacent to its Cerro Hermoso project in Peru.
Company believes its Cascabel copper-gold project, 180 km north of the capital Quito, may become one of the largest copper-gold porphyry systems ever discovered.
To stay productive, McKinsey warns that miners must maintain fiscal discipline.