Gold giant said it would approach the board of Acacia Mining to back the formal proposal that would settle a long-running dispute with the Tanzanian government.
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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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The 2,721 sq km-Doropo licence remains largely under-explored with numerous targets identified, which presentssignificant resource upside potential, the miner said.
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Company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year, but noted it expected to reverse the trend over the next two to three years.
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Roxgold believes the project has near-term development potential due to its Antenna deposit, which hosts an inferred resource of 5.8 million tonnes.
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Newcrest sells Côte d’Ivoire project to Canada’s Roxgold in $30 million-deal Read More »
The white, makeable diamond is the largest found so far this year and follows the recovery of a 46-carat, gem quality white rock in December.
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SEMAFO expects to produce between 390,000 oz. gold and 430,000 oz. gold in 2019.
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SEMAFO expects to produce between 390,000 oz. gold and 430,000 oz. gold in 2019.
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The miner has completed the first week of underground development blasting at its Obuasi mine, in Ghana.
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Company has signed a new $2.7-billion term loan and revolving credit facility, replacing the existing $1.5 billion one.
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