Fresh setback for the company’s Solwara 1 project, expected to be the world’s first seabed gold, copper, silver mine.
Toronto Mining News
The parliament’s revision of the strategic agreement, set for September, may lead to increased environmental payments for the Canadian miner.
Deadline for fulfillment of all conditions included in agreement with the Kyrgyz government, which would end all disputes over the firm’s Kumtor gold mine, has been pushed back about a month.
Country alleges a court decision had slammed the door on certain investment arbitration cases involving European Union members, so Gabriel’s case can’t be solved that way any longer.
Prime Minister said he would submit tom parliament his own 'proposals' over a settlement reached last year, which would end long-dragged disputes between the company and the country over Kumtor gold mine.
Project is expected to extend Fort Knox mine life to 2030 and generate 17% internal rate of return (IRR) at a low capital cost.
Company is seeking $4.4 billion in compensation for alleged losses related to its Rosia Montana gold and silver project, which Bucharest halted following relentless protests.
It’s rumoured that Sapar Isakov's charges may put a pact ending long-dragged disputes between the Asian country and the Canadian miner in jeopardy.
The miner is receiving an upfront cash payment of $155 million for AuRico Metals’ royalty portfolio and about $45 million payable in four tranches for Kemess's silver output.
Converting the power plant that feeds the Pueblo Viejo mine from heavy fuel oil to natural gas is expected to reduce the operation’s average cost of sales and all-in sustaining costs by about $54 per ounce.
The $38-million investment will give Barrick an almost 20%-stake in Midas Gold.
The proposed acquisition means Chaarat would own Kumtor and will have control over management and operations of the mine.
Bringing the project to production is expected to take about four years, but Donlin gold project is still has a long way to go in the permitting process before construction and operations can begin.
Kyrgyzaltyn has yet to see an offer by Chaarat Gold Holdings to acquire Kumtor mine, which is the Central Asian nation’s largest gold operation.
Project is located about 100 km south of Jwaneng, the world’s richest diamond mine.
Centerra and Kyrgyzstan have had a series of disputes over sharing profits from Kumtor, and London-listed Chaarat was offering the nation to increase its stake in the project’s cash flow in the three-way deal.
Barrick Gold Corp reported a slightly better than expected increase in first-quarter adjusted profit on Monday.
The company said its founder and chairman emeritus, Peter Munk, passed away Wednesday in Toronto, surrounded by his family.
Operations at La Coipa mine, located in in northern Chile, were halted in 2013, when the targeted orebody run out of riches.
The boss of the world's top gold miner has bought 306,000 additional shares in the company.
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.
Mineralized intercepts encountered higher grades than predicted by previous modeling, said the project owners NovaGold and Barrick.