Barrick, Newmont settle dispute with $1.9B deal
Nevada settlement clears a hurdle for Barrick’s North American IPO as rising costs and leadership scrutiny weigh on the miner.
gold production
Top 10 global miners: Zijin’s expansion pays off
Zijin Mining’s (SSE: 601899; SEHK: 2899) expansion strategy paid dividends as the Chinese miner topped global peers located outside North America and Australia for market capitalization. Attributable net income for…
Equinox approves $436M Valentine expansion
Equinox Gold (TSX: EQX) (NYSE: EQX) has approved a $436-million expansion of its Valentine gold mine in central Newfoundland, Canada, which will lift planned production as…
Fresnillo profit triples on gold, silver prices rally
Mexico-focused precious metals miner Fresnillo (LSE: FRES) says first-half profit tripled as higher gold and silver prices more than offset lower production.Net income surged to…
Kavango starts commissioning Zimbabwe gold mine
Kavango Resources (LSE: KAV) has begun commissioning its Hillside gold project in Zimbabwe after installing a 50-tonne-per-day processing plant, marking the transition from construction to…
Zijin buys Allied Gold stake after $4B deal collapses
Zijin Gold’s planned $4 billion (C$5.5 billion) acquisition of Allied Gold (TSX, NYSE: AAUC) has collapsed after Chinese regulators failed to approve the transaction before…
Coeur doubles Mexico exploration budget to $158M
Coeur Mining (TSX, NYSE: CDE) plans to spend twice as much this year drilling in Mexico after reporting high-grade assays from its Palmarejo operation in…
Antofagasta banks on stronger second half to hit copper goal
Chilean copper miner Antofagasta (LSE: ANTO) reaffirmed on Tuesday its full-year production guidance after second-quarter copper output edged lower, betting that stronger production in the…
Regis ends Vault chase, clearing way for Genesis deal
Australia’s Regis Resources (ASX: RRL) has abandoned its pursuit of Vault Minerals (ASX: VAU), clearing the way for Genesis Minerals’ (ASX: GMD) $3.9 billion (A$5.6-billion)…
Fortuna bets $71M on Latin America gold growth
Fortuna Mining (TSX: FT; NYSE: FSM) plans to invest $71 million (C$101 million) in Argentina and Peru this year as the Canadian precious metals producer…
Hemlo boosts M&I resources 34% at gold mine
A resource update for Hemlo Mining’s (TSX: HMMC; US-OTC: HMMCF) namesake mine in northwestern Ontario has lifted measured and indicated resources by 34%, underscoring the…
Wesdome increases reserve base to support production through 2033
Wesdome Gold Mines (TSX: WDO) has extended the operating life of both of its mines to eight years after updating their reserve estimates, which it says…