Toronto Mining News

Barrick chairman Thornton boosts ownership with major share buy

The boss of the world's top gold miner has bought 306,000 additional shares in the company.

Mining's main event shows good times are back – just not for all

If attendance at the world’s biggest mining conference is any indication, things are looking up for the industry.

Barrick moves forward with plan to make every employee an owner

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.

Partying with purpose: world's miners drink and deal after dry years

But they also come with a catch - pitching ideas, striking deals and securing funding is the name of the game.

Barrick to hike gold output as Newmont gets too close to being world’s top producer

Miner is advancing a pipeline of projects expected to contribute more than 1 million ounces of annual production starting in 2021.

Kinross secures low-cost power for Brazil’s largest gold mine

With the acquisition of two hydroelectric plants, the miner expects to eliminate about 70% of future power purchases.

Chile’s regulator orders permanent closure of Barrick's Pascua-Lama mine

Agency also cut a 2013 fine for violations to $11.5 million (7 billion Chilean pesos) from the previous $16 million it had charged Barrick Gold, but later forced to review by an environmental court.

Barrick Gold just bought more than $9 million worth of shares in this junior

The non-brokered private placement gives Barrick about 15% of Reunion Gold Corporation (TSX-V:RGD), which has interests in four different projects in South America’s North Atlantic coast.

Centerra Gold to buy AuRico Metals in $243m friendly deal

Producer offers 38.5% cash premium for AuRico Metals developing the Kemess gold and copper project in British Columbia, Canada.

Barrick to pay $20 million to settle Pascua-Lama arbitration case

Lawsuit was filed last year after the miner halted payments due to a local group.

Romania wants former mining city of Rosia Montana to be pulled from UNESCO list

Move could mean good news for Gabriel Resources' long-stalled namesake gold project.

Argentina confirms charges for Barrick employees over 2015 cyanide spill at Veladero

Court of appeals says charges of “pollution, negligence and malpractice" still in place for 8 of 9 people.

The Drivers of Innovation in the Mining Sector

At the height of the downturn in 2014 depressed commodity prices threatened corporate profits, impelled mine closures, put shareholder returns in peril and undermined capital budgets. This combined with decreasing ore grades, deeper deposits and […]

Centerra gets some breathing room in dispute with Kyrgyz Republic

The arbitrator has sided with miner, allowing it to move forward with the case against the Central Asian country.

Canada’s Gabriel Resources sues Romania for $4.4bn over halted mine

The company argues the Central European country violated several investment treaty provisions in its claim to the bank’s International Centre for Settlement of Investment Disputes.

Argentina lifts curbs on cyanide use at Barrick's Veladero mine

While the measure allows the company to resume full operations, Barrick said it plans to gradually restart them.

Barrick Gold buys Nevada mining project from former partner

The Robertson Property located about 96km (60 miles) south of Elko, Lander County, Nevada.

Strike at Barrick’s Veladero mine suspended

Union at Barrick's troubled operation, Argentina's largest gold mine, says strike will resume if there's no deal after two weeks of talks.

Barrick may face 'negligence' charges over latest spill at Veladero — report

Local judge says the company failed to complete improvements that could have prevented the latest cyanide spill, the third such accident in less than 18 months.

Goldcorp begins friendly $247 million takeover of Exeter

Exeter shareholders will receive 0.12 of a common share of Goldcorp for each they have in the junior — that's a premium of 67% based on the part's closing prices on the day prior to the announcement.

Minjar Gold attempt to grab Barrick’s stake in Super Pit falls through

The firm, a unit of Shanghai-listed Shandong Tyan Home, reportedly walked away from the deal due to recent tightened controls in China on outbound investment.

Water scarcity, pollution to take shine off Latin American mining sector

In addition to raising costs for miners and delaying certain projects, the focus on the amount of water used by the extraction industry in the region will boost social pressure and anti-mining sentiment, experts say.

Barrick confirms selling half of Veladero to Shandong Gold for $960 million

Deal will also see the two firms looking at jointly developing the nearby Pascua-Lama gold, silver and copper project and evaluating additional investment opportunities in the area.

Argentine provincial Gov’t orders Barrick to halt operations at Veladero

Measure is temporary, pending more information on what happened and the possible consequences of the new incident, San Juan’s governor said.

Fresh ‘incident’ at Barrick’s Veladero mine in Argentina

A local government spokesman said a pipe carrying a “rich mixture” of gold and rocks came lose on Tuesday night, but no official information has been disclosed.