The deposit has historical resources of 2.7 million tonnes grading 0.59% zinc, 1.7% lead, 0.40% copper, 72.0 g/t silver, and 1.0 g/t gold.
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The company intends to incorporate its metallurgical test results into an updated preliminary economic assessment (PEA).
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A new discovery at Fishhook returned up to 174.50 g/t gold in grab samples.
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The company’s cash balance increased 47% year-on-year.
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Gold should “break free” in 2019 amid a scarcity of safe havens says SocGen.
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It’d be the country’s highest ever fine on a mining company.
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The companies announced their planned all-share tie-up in January, just two weeks after the Barrick-Randgold merger was finalized.
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LiCo Energy Metals miner said that management decided to leave Purickuta due to “unworkable property conditions.”
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“Without the security of an extended mining lease, it would be difficult to justify further significant investments in the mine,” a statement by the Canadian miner reads.
The post Barrick’s CEO visits Papua New Guinea to support extension of the Porgera mining lease appeared first on MINING.com.
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Toronto-based private-equity firm Waterton Global Resource Management is pushing for an overhaul Hudbay Minerals’ board and the exit of the current chief executive, Alan Hair, over alleged “mismanagement.”
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