Iamgold reports 2019 production results and names new CEO

Canadian gold miner Iamgold on Thursday reported "solid" production results and named a new CEO, following Stephen Letwin’s decision to retire after a decade at the helm of the mid-tier mining company. Gordon Stothart, currently president and COO, would succeed Letwin as president and CEO and would join the board on March 1. Iamgold produced 762 000 ounces of gold in 2019, which was just short of the low end of the group’s guidance of 765 000 ounces to 810 000 ounces. Fourth quarter production was 192 000 ounces.

Iamgold reports 2019 production results and names new CEO

Canadian gold miner Iamgold on Thursday reported "solid" production results and named a new CEO, following Stephen Letwin’s decision to retire after a decade at the helm of the mid-tier mining company. Gordon Stothart, currently president and COO, would succeed Letwin as president and CEO and would join the board on March 1. Iamgold produced 762 000 ounces of gold in 2019, which was just short of the low end of the group’s guidance of 765 000 ounces to 810 000 ounces. Fourth quarter production was 192 000 ounces.

Pancontinental picked to explore former Brewer gold mine

TSX-V-listed Pancontinental Resource has been selected, through a competitive process, to explore the former Brewer gold mine – an abandoned property that lies about 12 km north-east along trend from the producing Haile gold mine in Carolina, US. Brewer is surrounded by Pancon's 100%-owned Jefferson gold project. Pancon CEO Layton Croft said on Wednesday that they were ready to investigate the underexplored project, with the goal of discovering new oxide gold mineralisation and the underlying copper/gold porphyry system by 2021.

B2Gold confident of strong 2020 operational, financial performance

Dual-listed B2Gold on Thursday said it remains well positioned for a continued strong operational and financial performance, with consolidated gold production for the 2020 financial year expected to be between 955 000 oz and just over one-million ounces. If the company's 34% share of attributable ounces projected to be produced at Calibre Mining's El Limon and La Libertad mines, in Nicaragua, is included, the company's total gold production is expected to be between one-million and 1.06-million ounces.

SSR hopes to carry 2019 momentum into 2020

Vancouver-based SSR Mining has achieved record production again in 2019 on the back of solid operating performance at each of its three operations – Marigold, in the US, Seabee in Canada and Puna, in Argentina. The company’s produced a record 421 906 gold-equivalent ounces (GEO) last year, including 106 208 GEO in the fourth quarter.

Eldorado makes new high-grade discovery at Canada mine

Canadian miner Eldorado Gold has made a new high-grade gold discovery at its Lamaque operations, near Val d’Or, Quebec, and has delayed the preliminary economic assessment (PEA) to include the new zone. Called the Ormaque zone, the new discovery is located in a previously undrilled area about midway between the historically mined Sigma deposit and the actively mined Triangle deposit, in close proximity to the proposed transportation decline linking the Triangle underground mine and the Sigma mill, all included in the growing Lamaque operations.

Blackham reports solid quarter

Gold miner Blackham Resources on Thursday reported that quarterly production for the three months to December had increased to 20 003 oz, up from the 17 565 oz produced in the previous quarter. The increased production was driven by higher mined grade encountered in transitional and fresh material towards the base of the Wiluna openpit mines, in Western Australia.

What is artisanal gold and why is it booming?

A rapid rise in the price of gold since 2000 has driven millions of people to deposits in Africa, South America and elsewhere where they dig for gold using basic technology. Such informal digging – known as artisanal or small-scale mining (ASM) - has been around for centuries, and gold offers cash to communities that may lack alternatives. There are now around 15-20 million artisanal miners, and millions more depend on them, Delve, a global platform for ASM data, estimates.