Aim-listed W Resources on Monday announced that it had raised about €1-million from two Spanish investors and said that it would need additional funding over the next two months to maintain the pace at which the La Parilla mine was being developed.
Th…
W needs additional funding Read More »
Canadian miner Kinross Gold has announced a $150-million investment to incrementally expand the throughput capacity at its Tasiast mine, in Mauritania, to 24 000 t/d. The Tasiast 24k project comes at a significantly lower capital cost than the original…
Kinross proceeds with smaller $150m Tasiast expansion Read More »
The world’s largest gold miner, Newmont Goldcorp, is continuing to streamline its portfolio and the company confirmed on Friday that its Red Lake mine, Canada, is up for sale.
Confirmation of the potential sale of Red Lake, which is a former Goldcorp …
Newmont Goldcorp says Red Lake is for sale Read More »
Potash and phosphates major Nutrien has announced an up to eight-week shutdown at its Allan, Lanigan and Vanscoy potash mines, in Saskatchewan, in response to a slowdown in global potash markets.
The company said this week that if all three potash fac…
Global potash market slowdown sees Nutrien shut down three mines Read More »
Russian gold miner Petropavlovsk’s large investment in its pressure oxidation (POX) process over the past decade is starting to bear fruit, nonexecutive chairperson Roderic Lyne said on Tuesday.
The POX Hub, at the site of its first mine Pokrovskiy, a…
Petropavlovsk’s pressure oxidation investment starting to bear fruit Read More »
Production at the new Gold Bar and Black Fox mines of Canadian miner McEwen Mining has been a “big disappointment”, chief owner Rob McEwen said on Tuesday, announcing a further cut in the company’s 2019 guidance.
The company lowered its guidance for B…
Production at new McEwen mines a ‘big disappointment’ Read More »
The Amulsar gold project, which is opposed by some ecologists and residents in Armenia, could potentially be producing by late next year, or early 2021, Canadian project developer Lydian International has confirmed.
The company is looking at restartin…
Amulsar could produce gold by late next year Read More »
Mining royalty and streaming company Osisko Gold Royalties has entered into a letter of intent (LoI) to form an entity to acquire embattled diamond miner Stornoway Diamonds, which was granted creditor protection by a Quebec court on Monday.
Osisko and…
Osisko to buy embattled miner Stornoway Read More »
Construction of TSX-V- and LSE-listed Pure Gold’s Madsen Red Lake mine, in Canada, has started, with the mine “perfectly timed” to benefit from a rising gold market, president and CEO Darin Labrenz said on Monday. Gold has risen to nearly C$2 000/oz an…
Pure Gold starts construction of Madsen mine Read More »
Gold miner Eldorado Gold is considering expanding its Lamaque mine, in Val d’Or, Quebec, to increase production from an average of 130 000 oz/y to about 170 000 oz/y.
The expansion, which is in a preliminary economic assessment (PEA) stage, is looking…
Eldorado studies Canada mine expansion Read More »
