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.
Vancouver Mining News
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.
It could take the Malian mine gold output to 7.5-million tonnes a year from the current 6-million tonnes.
The mine is the company’s biggest in the South American country.
The current resource estimates indicate the asset holds 57 billion pounds copper, 71 million ounces gold and 345 million ounces of silver.
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.
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.
For 2019, the Canadian miner expects to produce between 390,000 and 420,000 ounces of gold.
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.