Mining.com

By Reuters Global miner BHP Billiton Ltd posted record iron ore output for fiscal 2018 on Wednesday as fourth-quarter production topped expectations and set a slightly higher target for the current year. Shares in the miner jumped more than 3% after both quarterly and full-year production rose 3% on improved productivity. “BHP’s FY18 production was […]

By GoGold Resources Inc. Halifax, NS – GoGold Resources Inc. (TSX: GGD) (“GoGold”, “the Company”) announces sales of 382,150 silver equivalent ounces for the quarter ended June 30, 2018, which was an increase of 34% over the previous year. The Company produced 163,991 ounces of silver and 1,630 ounces of gold for 292,273 silver equivalent

By Reuters BAKU, July 17 (Reuters) – Azerbaijan’s top gold producer, Anglo Asian Mining, said on Tuesday it had increased its gold production by 43 percent year-on-year in the first half of 2018 to 33,255 ounces from 23,218 ounces in the same period last year. The London-listed firm said its total production of gold-equivalent ounces

By Cecilia Jamasmie Canadian junior Equinox Gold (TSX-V: EQX) is selling its 83%-owned, 350-tonne-per-day Koricancha gold mill in southern Peru to fellow miner Inca Gold Corp. (TSX-V:IO) in a deal valued at Cdn$16.3 million ($12.4 million). The Vancouver-based firm said the deal included certain recoverable taxes, such as Cdn$6 million in common shares of Inca

By Reuters JOHANNESBURG, July 17 (Reuters) – South Africa’s Solidarity trade union will accept a three-year wage offer from state-run power utility Eskom that would see pay hikes of 7 percent this year followed by annual increases of 7 and 6.5 percent, a union source told Reuters on Tuesday. Cash-strapped Eskom, which provides virtually all

By Cecilia Jamasmie The London Metal Exchange (LME), the world’s biggest and oldest market for industrial metals, is implementing an “implied pricing” functionality, a set of synthetic monthly prices, in an attempt to offset increasing competition from other exchanges such as those operated by CME Group. Starting on July 30, the exchange will provide the

By Cecilia Jamasmie Base metals producer Nevsun Resources (TSX:NSU) has once again dismissed a takeover offer by Lundin Mining (TSX:LUN), as it believes the bid ignores the fundamental value of the company and its assets. Nevsun’s response comes a day after Lundin made a new offer, the second in three months to buy the base

By McEwen Mining TORONTO, Jul 16, 2018 – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports consolidated production for Q2 2018 of 36,959 gold ounces and 772,432 silver ounces, or 47,258 gold equivalent ounces(1)(“GEOs”), using a 75:1 gold to silver ratio. Consolidated Production Summary Q2 ‘18 Q1 ‘18 Q4 ‘17 Q3 ‘17 Q2 ‘17 Gold

By Cecilia Jamasmie Randgold Resources’ (LON:RSS) said Monday a workers’ strike at its at Tongon gold mine in the Ivory Coast had brought production to a halt after government-led negotiations broke down. The Africa-focused gold producer noted it continued to work with local authorities and the workers’ unions to resolve the standoff, but didn’t provide

By Cecilia Jamasmie Canada’s Wheaton Precious Metals (TSX:WPM), the world’s No.1 silver streaming company, said Monday it was buying all of the gold production and part of the palladium output from Sibanye’s (JSE: SGL) (NYSE:SBGL) Stillwater and East Boulder mines, located in Wisconsin, US. The Vancouver-based firm will pay the South African precious metal miner