Mining.com

By Cecilia Jamasmie Canadian junior Rusoro Mining (TSX-V: RML), which in March scored a major victory in its international arbitration complaint against Venezuela, has accepted the almost $1.3 billion offered by the country’s government as settlement for the seizure of the company’s gold projects. The deal gives Venezuela Rusoro’s mining data and forces it to […]

By Cecilia Jamasmie Merger and acquisitions in the precious metals sector are gaining momentum following Barrick’s recently announced $6.1 billion-deal to acquire Randgold Resources. Shortly after, Canada’s Americas Silver (TSX:USA) announced it was buying Pershing Gold (Nasdaq:PGLC) for $50.78 million in an all-stock deal. “This transaction aligns with our stated initiative of building a profitable

By Bloomberg News (Bloomberg) — Equities are plummeting, President Donald Trump says the Federal Reserve’s gone ‘loco’ and the trade war’s heating up, yet traditional havens in times of trouble such as gold are not getting any love. The biggest selloff in equities since February rolled through Asia and into Europe on Thursday, triggering steep

By Cecilia Jamasmie Canada’s Leagold Mining (TSX:LMC) has had to temporarily shut down its Riacho dos Machados (RDM) mine in Brazil as a result of continued drought conditions in the country’s Minas Gerais State. The Vancouver-based miner said it planned to resume operations in early December, with the commissioning of the grid powerline project. RDM

By Reuters Canada’s Barrick Gold Corp, which recently announced a $6.1 billion deal to acquire Randgold Resources Ltd, affirmed its 2018 gold and copper production forecast on Wednesday, reflecting improvements in operations. Citing preliminary data, Barrick said its 2018 effective tax rate was expected at about 48 to 50 percent, up from a previous forecast

By MINING.com Editor The mining sector in the Mekong region will remain underdeveloped and dominated by domestic players in the coming years as foreign investment flows into the sector will be minimal amidst a myriad of risks, a recently published Mining in the Mekong Region report concludes. Fitch Solutions Macro Research’s outlook for mining in

By Barrick Gold Corporation TORONTO — Barrick Gold Corporation announced today that it has filed its management information circular and related voting materials in connection with a special meeting of shareholders to be held on November 5, 2018. The Merger will create an industry-leading gold company powered by a common vision of long-term value creation.

By Reuters Chile’s Supreme Court upheld an environmental order for a gold mine owned by Canada’s Kinross Gold Corp to close its water pumping wells, the environmental regulator said on Wednesday, bringing down the curtain on a long-running dispute that sparked the miners’ retreat from Chile. The environmental watchdog, known locally as the SMA, initially

By Endomines Endomines reports ongoing good progress at its Friday mine project in Idaho, USA. Based on the current stage of completion and near-term outlook, Endomines foresees that initial mine production will likely commence before the year-end, followed by production ramp-up in early 2019. No substantial variation to the project budget of USD 7.7 million

By Cecilia Jamasmie Canada’s RNC Minerals (TSX: RNX), the company that last month unearthed more than 9,000 ounces of high-grade gold from a single blast at its Australian Beta Hunt mine, has recovered the first specimen. The Toronto-based miner said the slab, weighing about 90kg, was cut in the field, revealing impressive visible gold and