Vancouver Mining News

Turquoise Hill’s role in Oyu Tolgoi-related decisions may change this week

SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill is expected to vote against the re-election of the Canadian miner’s board members this week.

B2Gold to produce 5m ounces of gold at Mali mine after $50m expansion

Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 – 2024, and over 400,000 ounces during the remaining seven years.

B2Gold to invest $50 million in Fekola mine expansion

It could take the Malian mine gold output to 7.5-million tonnes a year from the current 6-million tonnes.

Operations resume at Goldcorp's Cerro Negro mine in Argentina

The mine is the company’s biggest in the South American country.

Northern Dynasty raises $10 million to develop Alaska Pebble project

The current resource estimates indicate the asset holds 57 billion pounds copper, 71 million ounces gold and 345 million ounces of silver.

Strike hits Goldcorp’s Cerro Negro mine in Argentina

Mining stopped on March 8, when members of the Asociación Obrera Minera Argentina (AOMA) downed tools, and processing activities have now also ceased following the exhaustion of surface stockpiles.

Vancouver AI firm Andritz takes top spot at Goldcorp’s #DisruptMining

The winner’s prize is an “opportunity to negotiate up to a $1 million investment” in their technology, either toward a proof of concept or direct investment.

Eldorado to hike gold production to over 500,000 ounces in 2020

For 2019, the Canadian miner expects to produce between 390,000 and 420,000 ounces of gold.

Teck misses Q4 profit estimates on lower copper, zinc and oil prices

Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.

Barrick, Reunion Gold to jointly go after key assets in South America

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.

Teck Resources flags fourth-quarter profit coming below estimates

EBITDA will be down by about $148 million.

Eldorado Gold scraps mill at Turkish mine, resumes mining and heap leaching

Eldorado's shares jumped 12% in pre-market trading in New York on Thursday on the news.

B2Gold hits record gold output in 2018 thanks to new Mali mine

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.

Lucara Diamond kicks off the year with 127-carat find at Karowe

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.

Pretium Resources gold output at Brucejack falls short of estimates

Its Brucejack underground mine in British Columbia generated 376,000 ounces of gold last year, or 97% of the expected production.

Lucara Diamond to focus on Bostwana mine this year

Lucara aims to recover between 300,000 and 330,000 carats from Karowe this year.

Barrick ups investment in Reunion Gold, hopes for big payoff in Guiana

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.

Pebble mine scores small win in land deal with Alaskan landowners

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.

Sandstorm Gold board approves $18m share buyback, shares jump

The 18.3 million shares represent approximately 10% of Sandstorm’s current shares outstanding.

Eldorado to invest $520 million in mill at its Turkish mine

The project would make Kışladağ a nine-year, 270,000-ounce-per-annum gold mine.

Rio Tinto delays start of Oyu Tolgoi expansion due to technical issues

First production from the $5.3 billion underground expansion of Oyu Tolgoi was originally scheduled for early 2020.

Mitsubishi, Sumitomo said to be after Teck’s Quebrada Blanca mine

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.

GT Gold's stocks soar following drill results at Tatogga

Vancouver- based GT Gold Corp.’s (TSX.V: GTT) stock is trading at $0.75 following an announcement of a major new discovery.

Lucara Diamond moves forward with ‘stone by stone’ sales plan

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.

Erdene becomes first cross-listed firm on the Mongolian Stock Exchange

The listing also makes Erdene the only precious metals exploration and development company currently registered on the exchange.