IAMGOLD expects to produce fewer gold ounces while incurring higher all in sustaining costs and total cash costs in 2019 compared to 2018.
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Toronto-based private-equity firm Waterton Global Resource Management is launching a proxy fight with Hudbay Minerals, pushing to overhaul the board and oust its chief executive over alleged “mismanagement.”
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The project is adjoining Barrick and Goldcorp’s Pueblo Viejo gold-silver mine.
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For 2019, the Canadian miner forecasts gold production of between 935,000 and 975,000 ounces at all-in sustaining costs estimated at between $835 and $875 per ounce.
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The precious metals miner produced 175,561 ounces of ore last year, 15% more than the 152,329 it churned out in 2017.
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Ecuador’s largest underground gold and silver mine is on track to begin production before the end of the year.
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Massive deal creates company that challenges rival Barrick as the world’s largest gold producer.
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The largest firms in the world are likely to remain committed to spending cuts.
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Gold miners to remain cautious in 2019: report Read More »
Contracted workers are alleging unsuitable working conditions.
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In 2018, the Canadian miner produced 354,000 ounces of gold at its El Limón Guajes Complex.
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