Australian gold production declines as miners adapt to record prices
Australia, the largest gold producer after China, produced slightly less of the yellow metal in the 12 months to June 30 as miners adjusted strategies for record high prices even…
Evolution Mining
Consolidation in Western Australian gold sector to continue amid record prices
KALGOORLIE, WA — Record gold prices have set off a flurry of mergers and acquisitions over the past year in the Western Australian gold sector, with further consolidation still ahead,…
Westgold-Karora merger creates top five Australian gold miner
Australia’s Westgold Resources (ASX: WGX) and Canada’s Karora Resources (TSX: KRR) completed their planned merger on Friday, creating a dual listed miner that sits among Australia’s top five producers. The combined…
Horizon Minerals to become Australia’s newest gold producer
Horizon Minerals (ASX: HRZ) is going ahead with development of the Boorara gold mine in Western Australia, located only 10 km east of Northern Star Resources’ Super Pit gold mine,…
Australian 2023 gold output slips as miners cut head grades on high price
Australia produced 9.8 million oz. gold last year, an almost 3% decrease from 2022, finds the Melbourne-based Surbiton Associates. Despite the slide, last year’s fourth quarter saw an increase of…
Global gold snapshot: Eight companies exploring the world for the yellow metal
As gold prices reach historic highs of US$2,019 per oz., exploration companies are pursuing the yellow metal from up and down the Americas to Down Under. Here’s an overview of…
Evolution Mining to expand two gold mines in Australia
Evolution Mining (ASX: EVN), Australia’s third-biggest gold miner, announced on Monday that is going ahead with two major expansions plans at its Mungari and Ernest Henry operations. The company also…
Gold juniors Trillium and Pacton to combine forces in Red Lake
A merger of Trillium Gold (TSXV: TGM; US-OTC: TGLDF) and Pacton Gold (TSXV: PAC; US-OTC: PACXF) will create an explorer with over 15 projects spanning 1,260 sq. km in the…
Ontario Snapshot: Eight companies to watch
Ontario is one of the world’s premier mining jurisdictions. Here’s a look at eight companies exploring the province for gold, PGMs, lithium and more. First Mining Gold First Mining Gold…
Harte Gold seeks creditor protection as Silver Lake closes in
Troubled Canadian miner Harte Gold (TSX: HRT) has been granted creditor protection after putting its Sugar Zone gold mine into production without a feasibility study two years ago and later failing…
UPDATED: Osisko Mining raises $154M for Windfall, plans JV with Australia’s Northern Star
Osisko Mining (TSX: OSK) has signed an agreement with Australia’s Northern Star Resources (ASX: NST) to raise $154 million for continued work on its Windfall gold project 200 km north…
Glencore to divest interest in Ernest Henry mine with sale to Australia’s Evolution Mining
Swiss commodity giant Glencore (LSE: GLEN) is selling its stake in the Ernest Henry copper-gold mine in Queensland, Australia to Evolution Mining (ASX: EVN) for A$1 billion ($916.5 million) in…