Earlier this year, Yamana announced a hike in its exploration budget to $11.2 million from the previous $9 million.
Yamana Gold Mining News
Miner is mulling ways to mitigate the impact of Argentine President Mauricio Macri's surprise decision to impose a temporary tax on all exports to strengthen the country’s ailing economy.
Founder gives up CEO role.
A common target for the thieves is Antofagasta Plc’s logistics unit Grupo FCAB, which owns and operates about 700 kilometers of railway lines used to transport cathode and semi-processed copper.
"As much talk as there has been about technology, we have not seen a game-changing technology since the 80s such as heap leach or autoclave," says Ball.
The miner, which has set an exploration objective of adding one million gold equivalent ounces to Cerro Moro's mineral inventory, has hiked its exploration budget for 2018 to $11.2 million from $9 million.
The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.
Michel Temer is expected to issue a decree next week introducing key changes to mining rules that date back to the 1960s.
Commercial production is expected in the second quarter of the year.
The Toronto-based miner expects to stay in line with its 900,000 ounces production guidance for 2018.
The accident at Gualcamayo mine involved two employees of a local contractor traveling in a light truck on an access road at the Las Vacas exploration site.
Agnico-Eagle, the Toronto-based company's partner in giant Canadian Malartic mine, buys the JV's exploration assets for $162m.
Brazil’s lower house of Congress removed from the agenda the discussion of a transitory presidential decree, which modified the country’s current mining law.
They claim it won’t be possible to cut costs enough to offset the higher levies, and warn that some miners may need to pass on this new cost increase to the industrial production chain.
People living close to the large open pit mine in Quebec’s Abitibi region, want to be compensated for damages related to dust, noise and explosions they claim to have been exposed to for many years.
The 10 largest gold mining companies produce 30% of the world's gold and enjoy some of the sector's fattest margins.
As 2017 gold price rally begins to look shaky, top listed gold producers are being punished disproportionately.
Heavy losses across the board – Barrick down 4.6% in massive volumes and second tier Canadian miners hardest hit.
The strike has not had a significant impact on mine and consolidated production, the company said.
Operations have been halted since Friday, when one of the two unions blocked all access to El Peñón as a way to press management.
The miner plans using proceeds from the exercise of the purchase rights and any direct sales of Brio shares to reduce debt.
Yamana will receive consideration in the form of cash and equity securities, the value of which was $140 million at the time of negotiations.
Gold miners to keep cutting cost, team up amid unusual market conditions that will continue boosting deals, says BMI Research.
The miner said current market conditions are not supportive of a private placement on terms the company would find acceptable.
The sale would be one of the largest of a U.S. gold mine since the price of the precious metal began falling in 2013.