The boss of the world's top gold miner has bought 306,000 additional shares in the company.
Toronto Mining News
If attendance at the world’s biggest mining conference is any indication, things are looking up for the industry.
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.
But they also come with a catch - pitching ideas, striking deals and securing funding is the name of the game.
Miner is advancing a pipeline of projects expected to contribute more than 1 million ounces of annual production starting in 2021.
With the acquisition of two hydroelectric plants, the miner expects to eliminate about 70% of future power purchases.
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.
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.
Producer offers 38.5% cash premium for AuRico Metals developing the Kemess gold and copper project in British Columbia, Canada.
Lawsuit was filed last year after the miner halted payments due to a local group.
Move could mean good news for Gabriel Resources' long-stalled namesake gold project.
Court of appeals says charges of “pollution, negligence and malpractice" still in place for 8 of 9 people.
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 […]
The arbitrator has sided with miner, allowing it to move forward with the case against the Central Asian country.
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.
While the measure allows the company to resume full operations, Barrick said it plans to gradually restart them.
The Robertson Property located about 96km (60 miles) south of Elko, Lander County, Nevada.
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.
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.
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.
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.
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.
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.
Measure is temporary, pending more information on what happened and the possible consequences of the new incident, San Juan’s governor said.
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.