The National Union of Mineworkers (NUM) North East Region branch, in Limpopo, has called for a temporary closure of all mines in the province, but still wants mining companies to pay their workers in full. This follows after two mines near Burgersfort recorded a number of positive Covid-19 cases.
TSX- and NYSE-listed Yamana Gold says exploration drilling results at two of its mines – Jacobina, in Brazil, and El Peñón, in Chile – continue to show growth in mineral reserves and mineral resources. Yamana says exploration at Jacobina in the second half of last year and through the first quarter of this year expanded higher grade zones in the Canavieiras Sul deposit, both down dip and along strike to the north towards Canavieiras Central, providing significant expansion of the known mineralised zone in the highest grade sector of the mine.
The Association of Mineworkers and Construction Union (AMCU) has reiterated its call for universal testing of all mineworkers. This follows after 19 new Covid-19 infections were diagnosed at Impala Platinum’s Marula mine, in Limpopo, over the weekend.
Aim-listed gold explorer Oriole Resources has received a rebate of £165 000 from UK Revenue and Customs. This relates to a research and development (R&D) tax relief claim as a result of geoscientific advances made by the company through its exploration programmes in Senegal and, more recently, Cameroon.
Aim-listed Sylvania Platinum is in the process of ramping up and maximising production at its six tailings retreatment facilities, under strict conditions stipulated by the South African government. The government started easing Covid-19 restrictions from May 1, after Sylvania had to scale down its operations to only care and maintenance activities for five weeks during a national Level 5 lockdown, during which only essential services were allowed to operate.
TSX- and NYSE-listed Platinum Group Metals (PTM) has reiterated that it expects the South African Department of Mineral Resources and Energy to grant its Waterberg platinum/palladium joint venture (JV) project a mining right during June, as lockdown measures start to ease in the country. PTM president Michael Jones on May 15 presented an update on the project’s development, which is currently being led by JV partner, platinum miner Impala Platinum (Implats).
The World Gold Council (WGC) in its latest 'Central Bank Gold Reserves (CBGR)' survey highlights several notable shifts in central bank attitudes towards gold this year. Increased interest in gold’s performance during times of crisis would suggest that the fast-changing financial and economic landscape has sparked a significant transformation in investment attitudes.
Aim-listed Sunrise Resources has published its environment assessment and supplemental environmental reports for the CS pozzolan-perlite project for public comment. The project is based in Nevada, US.
TSX- and NYSE-listed diversified miner Hudbay Minerals has posted record production from its Lalor mine, and record throughput at the Stall concentrator, in Manitoba, in the first quarter ended March 31. The company reports that, on a quarter-on-quarter basis, Lalor increased its ore mined by 8%, while the Stall plant increased its throughput by 19%.
The World Gold Council (WGC) has analysed the potential performance of gold across four hypothetical scenarios provided by Oxford Economics in light of Covid-19 and ensuing economic lockdowns slashing global growth forecasts for this year. The WGC explains that gold’s behaviour can be explained by a broad set of drivers, namely economic expansion, risk and uncertainty, opportunity cost and momentum.