Global coal production will grow this year despite covid-19
GlobalData says disruption has been most significant in China, but global output only marginally affected by pandemic.
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Bulked up Kirkland Lake production jumps 18%
Kirkland Lake bought Detour Gold for $3.7 billion in January which added 91koz this quarter.
Nexa’s Peru operations remain suspended
Production at Cerro Lindo, Atacocha and El Porvenir mines remains suspended as the government extends the quarantine period until April 26.
Gold price leaps to $1,750
Gold vaults by $70 an ounce to 7-and-a-half year high as US central bank floods financial system with cheap money.
Great Panther shares up on gold production boost
The company produced 34,725 gold equivalent ounces in Q1, a 134% increase compared to the first quarter of 2019.
Newmont launches $20 million support fund to combat pandemic
The fund will focus on three key areas: employee and community health, food security, and local economic resilience.
World’s deepest mines to take weeks to reopen after shutdown
Ramping up production at the world’s deepest mines could take three to four weeks.
Petra in talks for more credit as pandemic takes shine off diamonds
The company is in talks with its lenders to access $54.95 million in credit.
Force majeure declared at giant Peru copper mine
MMG has notified customers, including three major Chinese smelters according to Reuters.