Gold output to fall 1.7% in 2020 on shutdowns: report
The suspension of mining activities due to the Covid-19 outbreak in the second quarter of this year will result in a 1.7% decline in global gold production in 2020, says…
News
BHP halts expansions on heritage sites in Australia
BHP (NYSE: BHP; LSE: BHP) acknowledged on Thursday it was aware of Australian Aboriginal groups’ concerns about the future of dozens of heritage sites before it sought and obtained approval…
Chile court orders ‘total and definitive’ closure of Barrick’s Pascua Lama
Chile’s environmental court has put the final nail in the coffin for Barrick Gold’s (TSX: ABX; NYSE: GOLD) giant Pascua-Lama gold-silver project, straddling the Argentina border, which had been on…
TomaGold sells 25% interest in Monster Lake project to Iamgold
TomaGold (TSXV: LOT) is selling its 25% interest in the Monster Lake project to Iamgold (TSX: IMG; NYSE: IAG). Under the sales agreement, Iamgold will pay TomaGold $500,000 in cash and $8 million…
Teck copper mine in Chile switches to renewable energy
Teck Resources (TSX: TECK.A/B; NYSE: TECK) has signed a long-term agreement that will provide its Carmen de Andacollo copper operation in central Chile with 100% renewable power, eliminating 200,000 tonnes…
Magna Gold tables study on recently-acquired San Francisco mine
Magna Gold (TSXV: MGR; US-OTC: MGLQF) has released the results of a preliminary feasibility study (PFS) on its San Francisco mine, acquired earlier this year, in Mexico’s Sonora state. The…
Ivanhoe’s Congo copper project shows world-class potential
With large-scale deposits hard to find, much has been made of the size of Kamoa-Kakula, Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) project on the central Africa copper belt straddling the…
BHP asks traditional owners to voice concerns on cultural heritage sites
BHP (NYSE: BHP; LSE: BHP) has told Australian Aboriginal groups to freely speak their mind about the way it manages cultural heritage as the miner readies to appear before a…
CIBC predicts $32 silver, $2,300 gold in 2021
CIBC has raised its gold price forecasts to US$2,300 per oz. in 2021, US$2,200 per oz. in 2022, US$2,100 per oz. in 2023 and US$2,000 per oz. in 2024. This…
The View from England: Good and bad news for British miners in September
There has been distinctly mixed news for British miners during the first half of September. First the bad news: The University of Exeter announced that entry for mining-engineering programs at…
Wesdome advances Kiena mine complex in Quebec
Wesdome Gold Mines (TSXV: WDO) has released drill results from underground definition drilling at its wholly owned Kiena mine complex, 15 km northwest of Val-d’Or and 100 km east of Rouyn-Noranda…
Argonaut drill results suggest connection between deposits
Drill results from the Central zone at Argonaut Gold’s (TSX: AR) wholly owned past-producing Magino gold project in Ontario hit high-grade gold intervals, which suggest potential for a connection with…