Resolute closes Ravenswood mine sale
Resolute has also upgraded its production guidance for 2020 to 430,000 oz.
Latest Stories
Coronavirus pushes London banks to consider additional gold storage sites
The five banks that clear gold trades are considering expanding their network of storage locations to other countries if it becomes impossible to fly enough gold in and out of London.
Petra Diamonds founder steps down
Adonis Pouroulis was the company’s founder and chairman for 23 years.
Lead’s viral resistance carries a lesson for other metals
Lead, trading in London at $1,725 per tonne, is down by just 10.1% so far this year.
Vale says resumption of lost capacity could be slowed
Vale calculates roughly 18 million tonnes of output could be interrupted in the transoceanic market.
Canada Mining Association applauds 75% wage subsidy
Businesses and nonprofit organizations seeing a drop of at least 30% in revenue due to covid-19 will be eligible for the program.
Premier offers Centerra $205m for Ontario project
The offer consists of a $175-million cash payment and the assumption of all Centerra’s obligations under the partnership agreement.
Harmony Gold curbs output as it shuts nine mines
It expects to only produce between 650kg to 700kg of gold in South Africa during the 21-day lockdown imposed by the government.
Global M&A dwindle as coronavirus batters world’s economies
With large swathes of the globe shut down, the M&A pipeline remains patchy and likely to be dominated by rescue deals.
