Mining stopped on March 8, when members of the Asociación Obrera Minera Argentina (AOMA) downed tools, and processing activities have now also ceased following the exhaustion of surface stockpiles.
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Under the deal, Barrick will take a 61.5% stake in the joint venture consisting of the duo’s Nevada mines, with Newmont holding the remainder.
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Asset’s reserves as at December 31, 2018 increased 4% to 1.9 million tonnes grading 11 grams per tonne of gold for 688,000 ounces, while measured and indicated resources increased 7% to 3.5Mt from a year earlier.
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Total mineral exports fell by 16.8% in January.
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The Vancouver-based company now owns the Tucano mine, considered the second largest gold producer in Brazil.
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The world’s No.3 producer of the metal used in electric vehicle batteries said the candidates will be “fair” and “responsible toward shareholders”.
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The members of the Alliance agreed on the urgency of examining tailings from the perspective of disposal and closure.
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Spending destined for South America drops by $600m, while share of funds raised for exploration projects in Africa doubles.
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As part of the deal, Canada’s Royal Road Minerals will pay AngloGold around $4.6 million in cash, with further payments amounting to $35 million in total if certain milestones are reached.
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A hybrid solar power system will provide electricity to the company’s project center while reducing CO2 emissions by 147 tonnes annually and the costs for fuel by $250,000 per year.
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