Strategic alliance expands Barrick’s exploration footprint in the Guiana Shield, a significantly under-explored region and one of the most prospective in the world for large scale gold discoveries.
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Canada’s largest diversified mine expects profit for the period to be significantly below estimates, due mainly to the low oil prices at the end of 2018, issues at its operations in Trail, B.C., and a decline in commodity prices.
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Paul D. Mitchell has been named the new EY global sector leader for mining and metals.
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Russia, Turkey and Kazakhstan remained key buyers throughout the year.
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The strategic move gives the Canadian company mineral rights to an additional 200-metre strike length of Carlin, considered the largest, highest grade primary vanadium deposit in North America.
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And that’s all the way to 2050.
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Sherritt owns 50% of the Moa joint venture, and at Ambatovy it is the operator and holder of a 12% interest.
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The company has not yet released its 2018 full-year financials, but previously said it expects 2018 full-year AISC to be at $850 per oz. gold.
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German carmaker will invest 870 million euros ($985 million) by 2020 to develop e-vehicle components, including batteries and charging stations.
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New Jersey Mining has intersected gold mineralization at its Paymaster Shoot in Idaho’s Coeur D’Alene district grading as high as 70.3 grams gold over 0.35 metres.
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