The Canadian gold producer churned out 45,098 ounces of the precious metal in the first three months of 2019, flat quarter-on-quarter, but 34% lower than in the same period a year earlier.
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The rare earths miner said its board had concluded it would not engage with retail and industrial conglomerate Wesfarmers, stating its unsolicited takeover offer undervalues Lynas’ intellectual property.
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The company, which in March more than doubled the size of the vanadium property, believes that Carlin’s maiden resource will provide a base for an economic study.
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The miner has found further mineralization at its Cascabel copper-gold project as it continues exploration work.
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The Montreal-based diamond producer said move would not have an impact on total revenue for 2019.
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Development envisions an open pit gold mine that could be in production for almost 15 years.
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The world’s top diamond producer by value sold $575 million in its third sales cycle of this year, the highest since the fifth cycle of 2018, when it recorded $581 million.
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The area around Los Bronces copper mine hosts 30% of Chile’s copper resources and 10% of the world’s. It’s also home to about 80% of South America’s glaciers.
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It’s the second one over 70-carat Firestone has found at its Liqhobong mine this year.
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Lynas, one of the world’s main suppliers of rare earths outside China, said it was open to processing materials closer to its Australian mine if that meant it can renew its licence in the Southeast Asian country.
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