RUSSIA – The world’s top diamond producer by output, Alrosa, announced this week the launching of diamond production at its Zarya pipe in Yakutia, eastern Russia. The new 300-meter deep deposit, operated by the Aikhal Mining and Processing Divis…
DIAMONDS: Alrosa launches new Zarya pipe Read More »
NEW YORK CITY – S&P Global Market Intelligence is bullish on gold. Its latest report says there will be further growth of 2.3 million oz. in 2019. In 2018 for the 10th consecutive year, gold output grew to 107.3 million…
The post GOLD: S&…
GOLD: S&P predicts record gold output in 2019 Read More »
TORONTO – Yamana Gold has agreed to sell its Chapada copper-gold mine to Lundin Mining in a deal said to be worth over $1.0 billion (all figures are U.S. dollars). The mine is located in Brazil’s Goias state and owned…
The post COPPER-GOLD: Lundi…
COPPER-GOLD: Lundin to pay $1B for Yamana’s Chapada mine in Brazil Read More »
ARIZONA – Taseko Mines of Vancouver has produced the first copper from production test facility at its Florence mine midway between Phoenix and Tucson. This is an in situ project with 24 injection, recovery and monitoring wells. The pregnant solution&#…
COPPER: Taseko produces first copper at Florence test facility Read More »
PEORIA, Ill. – Caterpillar has chosen to make the new R1700 underground mining loader its first battery electric LHD platform. The design of the new battery electric Cat R1700 XE will use advanced technology for lithium-ion batteries and fast, onboard…
LOAD-HAUL-DUMPER: Cat using R1700 underground loader as platform for fist electric LHD Read More »
TORONTO – McEwen Mining reported its first quarter results on April 9, along with the news that it is considering the sale of its Mexican assets. The net proceeds would be used to advance other development projects and retire a…
The post GOLD: Mc…
GOLD: McEwen ponders sale of Mexican assets Read More »
QUEBEC – Stornoway Diamond Corp. of Montreal has decided to suspend mining at the Renard 65 open pit mining at its Renard diamond project 350 km north of Chibougamau. Instead, the Renard 65 stockpile will be processed until the second…
The post D…
DIAMONDS: Stornoway to suspend open pit mining Read More »
The amount of gold in proven and probable reserves at Guyana Goldfields’ (TSX: GUY) Aurora mine in Guyana has been lowered 1.69 million oz., compared with estimates a year ago, based on “a new and more appropriate mine model,” the company…
The po…
Guyana Goldfields’ reserves drop 43% with new deposit model Read More »
ONTARIO – Harte Gold Corp. has completed a feasibility study on its Sugar mine, which started commercial production in White River in January. The feasibility study incorporates improvements to the indicated mineral resources and reserves since the pre…
GOLD: Harte Gold completes feasibility study on Sugar mine Read More »
BRITISH COLUMBIA – Everything appears to be on the way up at the Brucejack gold mine 65 km north of Stewart. Owner Pretium Resources of Vancouver says that includes the planned ramp-up of production, underground exploration, and resource numbers. The&#…
GOLD: Pretium ramps up Brucejack, updates resources Read More »
