For 2019, the Canadian miner expects to produce between 390,000 and 420,000 ounces of gold.
Vancouver Mining News
Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.
Strategic alliance expands Barrick’s exploration footprint in the Guiana Shield, a significantly under-explored region and one of the most prospective in the world for large scale gold discoveries.
EBITDA will be down by about $148 million.
Eldorado's shares jumped 12% in pre-market trading in New York on Thursday on the news.
For 2019, the Canadian miner forecasts gold production of between 935,000 and 975,000 ounces at all-in sustaining costs estimated at between $835 and $875 per ounce.
The 127 carat, top white gem diamond, is one of the of 129 precious stones of over 100 carats the company has recovered at the mine since it began operations in 2012.
Its Brucejack underground mine in British Columbia generated 376,000 ounces of gold last year, or 97% of the expected production.
Lucara aims to recover between 300,000 and 330,000 carats from Karowe this year.
The Toronto-based company, which already owns 15% of Reunion, said the fresh $2.27-million investment leaves its stake in the Quebec-based miner unchanged.
Deal with the Alaska Peninsula Corporation (APC) secures the company's right to use defined portions of APC lands to build and operate roads for the stalled Pebble copper-gold-silver project.
The 18.3 million shares represent approximately 10% of Sandstorm’s current shares outstanding.
The project would make Kışladağ a nine-year, 270,000-ounce-per-annum gold mine.
First production from the $5.3 billion underground expansion of Oyu Tolgoi was originally scheduled for early 2020.
Other companies interested in partnering with Teck include Freeport-McMoRan, China’s Aluminum Corp of China (Chinalco) and Canada’s base metals miner Lundin Mining.
Vancouver- based GT Gold Corp.’s (TSX.V: GTT) stock is trading at $0.75 following an announcement of a major new discovery.
Miner will include Sarine’s mapping and planning technologies into its sales platform, which applies algorithms to match rough diamond production with polished manufacturing demand on a stone by stone basis.
The listing also makes Erdene the only precious metals exploration and development company currently registered on the exchange.
The plant is expected to improve B2Gold’s economic returns, reduce impacts on the environment and become a potential funding source for community development.
The Halifax, Nova Scotia-based miner also said it had launched an offering of common shares to Mongolian residents, as well as a concurrent non-brokered private placement, which in combination are expected to raise up to $4.4 million.
Rio Tinto has called for less interference at its giant copper and gold mine in Mongolia, as it moves forward with an underground expansion.
Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.
Indicated and inferred gold equivalent resources increased by whooping 208% and 172% respectively, when compared to the project’s maiden mineral resource estimate of 2015.
The $38-million investment will give Barrick an almost 20%-stake in Midas Gold.
First ever Resources for Future Generations conference expected to attract upwards of 2,000 attendees
The conference will bring sustainability and ethical issues around energy, mining, and water into the spotlight.