Kirkland Lake expects Detour to produce up to 900k oz annually by 2032
Technical report also forecasts average production of 680,000 to 720,000 oz. a year between 2021 and 2024, increasing to 800,000 oz. in 2025.
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Red Chris resource from Newcrest confirms block cave potential
Measured and indicated resources contain a total of 13 million gold ounces and 3.7 million tonnes of copper.
Argonaut completes C$10 million placement with Ausenco
Argonaut has also provided a Magino construction update, which is proceeding on and ahead of schedule.
Osisko Mining hits high-grade mineralization at Windfall
One hole intersected 4.4 m grading 73.3 g/t Au from 702.6 m.
South Africa union seeks 15% wage hike from gold miners and Eskom
Gold producers have in the past argued that above-inflation wage hikes cannot be sustained unless prices also rise.
Fund bets $7.4bn on sustaining platinum price rally
After being in the doldrums for a decade, South Africa’s platinum miners are increasing payouts as they reap windfall profits from near-record prices.
Copper Mountain announces $250 million senior secured bond issue
The Vancouver-based company says it plans to use the funds to refinance all existing debt, and to advance its growth projects.
Anglogold plays down merger prospects amid deal talk
Sibanye-Stillwater CEO Neal Froneman this month floated the idea of a merger with peers AngloGold and Gold Fields.
Endeavour completes $200m investment by La Mancha
La Mancha holds an interest of about 19% in Endeavour Mining.