Mining.com

By CNW Group TORONTO, May 31, 2018 /CNW/ – RNC Minerals (TSX: RNX) (“RNC”) announced today that it has entered into a US$13 million bridge financing facility (the “Facility”) with Auramet International LLC (“Auramet”) due May 15, 2019. The Facility will eliminate the majority of debt repayment commitments during 2018. Mark Selby, President and CEO […]

By Reuters LONDON, May 31 (Reuters) — Petropavlovsk has said it will remove the board member representing the Russian gold miner’s biggest shareholder Kenges Rakishev, ratcheting up tensions between rival investor groups over management of the company. In a notice for its annual meeting on June 29, London-listed Petropavlovsk proposed removing Rakishev’s nominated director Bektas

By Frik Els Incrementum’s 12th annual In Gold We Trust report analyzes gold primarily as a monetary asset and not as a commodity like say hops or barley. In its 230-page report, the Liechtenstein-based asset managers believe that gold is in the early stages of a new bull market, “which has been temporarily slowed down

By Reuters LIMA, May 30 (Reuters) – Peruvian precious metals miner Buenaventura said Southern Copper Corp is evaluating its proposal to jointly develop Southern’s $2 billion copper project Michiquillay, Buenaventura’s chief executive told Reuters on Wednesday. “They were receptive … but it’s up to them to evaluate the preliminary proposal,” Victor Gobitz said in an

By Bloomberg News (Bloomberg) — Tharisa Plc, the platinum and chrome miner run by the Pouroulis family, is considering investing in a $4.2 billion platinum project in Zimbabwe being developed by another company founded by the family. Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the mine, located on the

By Reuters JOHANNESBURG, May 31 (Reuters) – South African precious metals producer Sibanye-Stillwater is exploring ways to cut debt, it said on Thursday, but ruled out tapping shareholders for funds. Sibanye had net debt of 23.7 billion rand ($1.9 billion) at the end of December, accumulated after an acquisition spree that saw it diversify from

By Cecilia Jamasmie Kyrgyz Republic former Prime Minister Sapar Isakov, who last year signed a deal with Centerra Gold ending long-dragged disputes, has now been charged with corruption over a power plant project. According to the State Committee for National Security, or GKNB, the recently fired politician is being investigated over his role in the

By Reuters By Kwasi Kpodo ACCRA, May 30 (Reuters) – Gold mining giants in Ghana such as Newmont, Gold Fields and AngloGold Ashanti welcome new government tests to certify the value of their exports, the main industry association said on Wednesday. The tests that come in addition to customs checks and internal company tests are

By Reuters LIMA, May 30 (Reuters) – Canadian miner Bear Creek Mining Corp will likely make a public offering for its Peruvian unit on the bourse in Lima to help finance its $550 million Corani silver project, the company’s chief financial officer said on Wednesday. Bear Creek would also consider selling a stake in the

By Bloomberg News By James Attwood (Bloomberg) — The fact that Cia. de Minas Buenaventura SAA is beating rivals in the stock market at a time it’s generating the most cash in seven years says something about what investors are looking for in gold stocks. Buenaventura’s U.S. shares have surged 63 percent in the past