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.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Barrick on Newmont merger: “No decision at this time”
The Canadian gold giant confirmed it has reviewed the opportunity to merge with the US miner in an all-share deal.
Canadian miners had a tough 2018, but optimism remains — EY
Ernst & Young’s Canadian Mining Eye index, which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior miners — dropped 2% in the last quarter of 2018.
Brazil mining authority halts two Vale complexes
The decision was made in light of a possible failure of five dams at both complexes, which are located in Minas Gerais, the same state where the Feijão mine dam collapsed last month.
Lundin Gold to step up exploration in Ecuador after securing $30m in financing
A syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, had agreed on a bought deal basis to buy 7.5 million shares at C$5.40 each.
Barrick still committed to Chile, despite Pascua-Lama setback
Chief executive officer Mark Bristow, who is in the South American nation to review the company’s regional strategy, said Barrick’s assets in Chile were an important part of its global portfolio.
Newcrest ups stake in Ecuador with Cornerstone deal
Australia’s largest gold producer has signed an option and farm-in agreement with Toronto-listed Cornerstone Capital Resources over two early stage projects in Ecuador.
Glencore yields to investor pressure, caps coal production
The mining and trading giant will cap its production of thermal and coking coal at about 150m tonnes per year, close to its planned output level for 2019.
Barrick and Tanzania reach proposal to settle country’s row with Acacia
The gold giant said it would approach the board of Acacia Mining to back the formal proposal that would settle a long-running dispute with the Tanzanian government.
Lumina Copper faces charges, up to $55m fine for environmental breaches in Chile
This is not the first time the Chilean watchdog has fined Lumina.
Brazil delays critical minerals areas auction
The regulator said funding shortfalls prevent it from covering the costs needed to move ahead with the tender process.
