New Gold halts New Afton mine on tailings safety woes
Mining News Pro - Shares in New Gold fell more than 9% in Toronto on Thursday after it said it had halted underground mining activities at its New Afton gold-copper mine in Kamloops, British Columbia, following an inspection.
-
-
Visit: 98
Ban on new gold imports from Russia seen as ‘largely symbolic’
Mining News Pro - The plan by some Group of Seven nations to ban new gold imports from Russia is “largely symbolic” as flows have already been restricted by sanctions, according to analysts.
-
-
Visit: 550
New Gold delivers best quarterly production of 2021
Mining News Pro - New Gold (TSX: NGD) enjoyed its best quarterly production in 2021 from the three-month period ended Dec. 31, with a total of 111,574 gold-equivalent (AuEq) ounces (81,072 oz. gold, 214,030 oz. silver and 14.2 million lb. copper).
-
-
Visit: 584
Agnico Eagle, Kirkland Lake create new gold giant in $10bn merger
Mining News Pro - Canadian gold miners Agnico Eagle Mines and Kirkland Lake Gold announced on Tuesday they are combining their businesses in a stock deal valued at C$13.5 billion (about $10.7bn).
-
-
Visit: 612
New Gold FY output seen at lower end of guidance
Mining News Pro - Canadian gold miner NewGold said on Wednesday that it expected to achieve its guidance for the year, although its production would be at the lower end of the 440 000 to 490 000 gold-equivalent ounces (GEO) range and its all-in sustaining costs at the higher end.
-
-
Visit: 333
Zimbabwe central bank to form new gold refining unit, sell shares to miners
Mining News Pro - Zimbabwe`s central bank will unbundle its gold refining and printing unit into two separate companies and sell a majority stake in the new gold refinery business to miners, governor John Mangudya said on Wednesday.
-
-
Visit: 1133
Gruyere climbs to new gold production heights
Mining News Pro - Gold Road Resources has reported record production at the Gruyere joint venture (JV) project with Gold Fields in Western Australia, stating that COVID-19 had no material impact on its output.
-
-
Visit: 649
New Gold to sell BC project to Artemis for $140 million
Mining News Pro - New Gold is selling its $1.8 billion Blackwater gold project in British Columbia, Canada, to Artemis Gold for C$190 million (about $141m) in cash.
-
-
Visit: 648
New Gold closes US$300M partnership with Ontario Teacher’s Pension Plan
Mining News Pro - New Gold has closed a strategic partnership with the Ontario Teachers’ Pension Plan (OTPP) to acquire a 46% free cash flow interest in the company’s New Afton mine for an upfront cash payment of US$300 million. The proceeds are to be used to reduce the company’s debt and increase its financial flexibility.
-
-
Visit: 711
New Gold brings Ontario mine back online
Mining News Pro - New Gold said on Friday it had started a systematic ramp-up of its Rainy River gold mine in Ontario, Canada, following a two-week suspension period to comply with federal and provincial coronavirus guidelines.
-
-
Visit: 630
New Gold`s Rainy River suspended for two weeks
Mining News Pro - Canadian gold miner New Gold has suspended operations at its Rainy River mine, which is close to the US border, to allow its workforce to self-isolate for 14 days.
-
-
Visit: 597
New Gold rejigs mine plans, stock down
Mining News Pro - With the release of optimized mine plans for both Rainy River in Ontario and New Afton mine in British Columbia, New Gold is focusing on cash flow generation. The company also provided full-year financial results and issued guidance for 2020; operating results from 2019 were pre-released in January.
-
-
Visit: 653
Osisko makes new gold discovery at Windfall Lake
Mining News Pro - Osisko Mining Inc. (OSK:TSX) has announced the discovery of a new gold-bearing zone at its Windfall Lake project located in the Abitibi greenstone belt of James Bay, Québec. The new zone is about 350 metres north of the main zone.
-
-
Visit: 975
Russia`s Polymetal starts construction at new gold mine
Mining News Pro - MOSCOW, Nov 12 (Reuters) - Russian gold and silver producer Polymetal has begun construction at its new Nezhda gold mine in eastern Siberia, which will contribute to its dividends in 2022, it said on Monday.
-
-
Visit: 1425
Is Dollar The New Gold? It Won’t Last, Says Capital Economics
Mining News Pro - Gold prices will return to their former glory when the dollar takes a step back, according to Capital Economics, which expects the precious metal to rally only next year when U.S. economic growth makes a U-turn for the worse.
-
-
Visit: 1621
MINING PEOPLE: New Gold, Encanto Potash, and Weir
Mining News Pro - Jim Gowans The newest director at Toronto-based New Gold is Jim Gowans, a past president of the CIM, chairman of the Mining Association of Canada, and ...
-
-
Visit: 905
Aben’s new gold zone
Mining News Agency - Explorer Aben Resources (ABN) says it has discovered a new gold-bearing zone at the Forrest Kerr project in British Columbia’s Golden Triangle.
-
-
Visit: 2080