Cecilia Jamasmie, Author at MINING.COM

Goldcorp to pay $3.7 million for stake in newly formed explorer

Goldcorp will acquire 14% of Quebec Precious Metals Corp. born Thursday from the merger of Matamec, Canada Strategic Metals and Sphinx Resources.

Cecilia Jamasmie | April 26, 2018 | 8:20 am

Newmont profit soars on higher gold prices, claims top bullion miner title

Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year.

Cecilia Jamasmie | April 26, 2018 | 5:55 am

Sale of 910-carat rock boosts Gem Diamonds revenue, stone prices

The company's revenue jumped a whopping 174% in the first quarter of the year thanks to strong demand for its rough rocks and the sale of a 910-carat diamond, the fifth-largest ever found.

Cecilia Jamasmie | April 26, 2018 | 3:27 am

Centerra Gold’s offices in Kyrgyzstan victim of political turmoil

Fate of Centerra mine not sealed as Kyrgyz-owned company yet to see takeover bid

Kyrgyzaltyn has yet to see an offer by Chaarat Gold Holdings to acquire Kumtor mine, which is the Central Asian nation’s largest gold operation.

Cecilia Jamasmie | April 25, 2018 | 8:59 am

Pangolin finds first diamond at Jwaneng project in Botswana

Project is located about 100 km south of Jwaneng, the world’s richest diamond mine.

Cecilia Jamasmie | April 25, 2018 | 5:24 am

One union Centinela reaches deal, another still talking

Lower copper grades take toll on Antofagasta first quarter output

Copper production fell to 153,800 tonnes from 171,900 tonnes, due mostly to lower grades at the company's Centinela and Los Pelambres mines.

Cecilia Jamasmie | April 25, 2018 | 3:45 am

Caterpillar earnings top estimates as price gains offset supply costs

Caterpillar results prove global economy in good shape

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

Cecilia Jamasmie | April 24, 2018 | 9:40 am

Centerra rejects unsolicited offer for its Kumtor gold mine in Kyrgyzstan

Centerra and Kyrgyzstan have had a series of disputes over sharing profits from Kumtor, and London-listed Chaarat was offering the nation to increase its stake in the project’s cash flow in the three-way deal.

Cecilia Jamasmie | April 24, 2018 | 5:00 am

Anglo delays Minas Rio restart until year-end, losing about $400 million

Anglo delays Minas Rio restart until year-end, will lose about $400 million

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.

Cecilia Jamasmie | April 24, 2018 | 2:45 am

Randgold expects Kibali gold output to rise thanks to automation

Company said new technology will help the DRC mine achieve its 2018 production guidance of 730,000 ounces, despite challenges posed by the country's new mining code.

Cecilia Jamasmie | April 23, 2018 | 10:27 am