GoGold sells stalled Mexico project to Agnico Eagle for $80 million
The sale of Santa Gertrudis has given GoGold much-needed cash to pay off its $46.3-million debt with the Bank of Montreal.
Cecilia Jamasmie , Editor-in-Chief
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Burkina Faso mine to boost Teranga’s annual gold output by 50%
Once Banfora is up and running, it would take the company's annual gold output to between 300,000 and 350,000 ounces.
Tanzania kicks off probe into Petra Diamonds contract, orders officials to resign
President John Magufuli has asked for a review of a local contract belonging to Petra Diamonds and ordered senior officials to resign over the outcome of a probe into the diamond and tanzanite sector.
Canada’s Gran Colombia Gold resumes operations at strike-hit Segovia mine
While production in August was below normal due to the ongoing disruptions to the company’s operations, Gran Colombia expects to meet its annual production guidance for 2017 of 150,000 to 160,000 ounces of gold.
De Beers diamond sales down 20% on earlier Diwali
The world’s largest rough diamond producer by value reported provisional revenue of $505 million compared with $639 million in the same period a year earlier.
Philippines’ President says open-pit mining ban should stay
Rodrigo Duterte said ban should remain in place given the environmental damage it causes, but noted he would give companies time to find alternative mining methods.
Newmont begins production at Tanami expansion project in Australia
Company expects to increase gold production at Tanami by 80,000 ounces annually, reaching between 425,000-475,000 ounces a year.
Peru to auction $2 billion Michiquillay copper project in November
The massive project is expected to process close to 80,000 tonnes of copper ore a day.
Canada’s Trevali among world’s top zinc producers with Glencore mines buy
Acquisition makes of the Canadian miner one of the few multi-asset, low-cost global zinc producers.
Greece to begin arbitration process over Eldorado mine plans next month
Government said it expects to settle its differences with the Canadian miner, which is developing the Skouries and Olympias projects in northern Greece, where it also operates the Stratoni mine.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
