Mining.com

By Reuters Gold and silver miner Tahoe Resources Inc posted a quarterly loss on Wednesday that narrowly fell short of Wall Street’s expectations, the result of a Guatemala mine dispute that shows now signs of abating. Nevada-based Tahoe posted a second-quarter loss of $15.6 million, or 5 cents per share, compared to a profit of […]

By Reuters TORONTO, Aug 1 (Reuters) – Kinross Gold Corp said on Wednesday it was “pausing” expansion work at its Tasiast gold mine in Mauritania after a government request for talks to improve the country’s economic benefits from the miner’s activities. Kinross was asked to enter “mutually beneficial” discussions in May, in a letter from

By Reuters Aug 1 (Reuters) – Mali’s government has granted Randgold Resources a 50 percent corporate tax reduction for the next four years at its Gounkoto mine, the Africa-focused gold miner said on Wednesday. The tax concession is to support the development of a “super pit” which will be one of the largest opencast gold

By Cecilia Jamasmie Three Russian reporters murdered Monday in an ambush while working in the Central African Republic (CAR), were investigating the activities of a mercenary group linked to an ally of President Vladimir Putin, an exiled oil tycoon who funded their trip says. They were looking into Russian private mercenaries as well as on

By Cecilia Jamasmie Shares in Rio Tinto (ASX, LON, NYSE:RIO) fell about 3% in both London and New York on Wednesday despite the world’s No.2 mining company announcing it would return more than $7 billion through dividends and share buybacks. In London, Rio was down 3.21% to 4,062p by 2:00 p.m local time, while shares

By Cecilia Jamasmie Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) posted Tuesday a $10.6-million net loss for the first half of the year following a $49-million investment in its Gold Bar, Black Fox and Los Azules projects during the period. Net cash flow from the business, excluding project development costs, came at $18.7 million

By Cecilia Jamasmie Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) shoot up almost 5% in afternoon trading in London after it announced a 12% increase in revenue to $1.12 billion in the first half of the year. The miner, which is the world’s largest primary silver producer and Mexico’s second largest gold company, also

By Valentina Ruiz Leotaud An iron meteorite that was found in 2016 in Buryatia, southern Russia, provided the keys for the discovery of a new mineral called ‘uakitite,’ which is associated with sulfides, schreibersite and magnetite. The discovery was made by researchers from the Ural Federal University, Novosibirsk State University and the Geological Institute at

By Reuters Brazil’s geological service is studying auctioning off mining rights in 2019 to six previously unexplored areas that have significant potential output of copper, gold, phosphate and other minerals, the head of the organization told Reuters on Monday. The geological service CPRM, which operates as a state company and carries out functions similar to

By Bloomberg News (Bloomberg) — Three thousand meters below the plains southwest of Johannesburg, teams of miners are toiling to revive the gold industry that underpinned South Africa’s economy for generations. The South Deep mine was built to target the world’s second-biggest known body of gold-bearing ore, a deposit that could produce for the next