Fresnillo CEO says Mexico’s mining situation ‘unfavorable’

Mining News Pro - The chief executive of Mexico’s top precious metals miner Fresnillo on Wednesday described the current government’s policies as “unfavorable” for the key industrial sector.

Scientists propose new ‘salty,’ non-toxic gold extraction process

Mining News Pro - Researchers at Finland’s Aalto University published a paper in the journal Chemical Engineering where they describe a new scalable, non-toxic alternative to cyanide for gold extraction from ore.

Silver-infused bacteria make fuel cells more efficient

Mining News Pro - A new study published in the journal Science describes the development of microbial fuel cells — a technology that utilizes natural bacteria to extract electrons from organic matter in wastewater to generate electrical currents.

Sandfire divests of Adriatic shares, as Adriatic raises cash

Mining News Pro - Adriatic Metals has unveiled a $244.5-million project finance package to fund the development of its Vares silver project, in Bosnia & Herzegovina.

WGC unpacks the benefits of mandatory gold hallmarking

Mining News Pro - The mandatory hallmarking for gold jewellery and gold artefacts that became effective in June, has been positive for India’s gold market, says the World Gold Council (WGC).

Harmony re-engineering portfolio, deleveraging balance sheet, creating optionality

Mining News Pro - Harmony Gold is at a very exciting point as it pivots in a new portfolio-enhancing direction and sheds costs at the same time, says Harmony investor relations head Jared Coetzer.

Barrick CEO, PNG Prime Minister to meet on potential fast-track of Porgera restart

Mining News Pro - Barrick Gold chief executive Mark Bristow is set to meet with Papua New Guinea (PNG) Prime Minister James Marape this week, with the aim of speeding up the restart of the country’s Porgera gold mine.

HighGold shares surge on ‘game-changing’ Alaska project drill results

Mining News Pro - HighGold Mining announced on Wednesday what could be considered “game-changing” drill results from the Difficult Creek prospect, part of the company’s Johnson Tract project in Alaska.

Evolution Mining divests Mt Carlton for up to $65 million

Mining News Pro - Australia’s Evolution Mining is selling its Mt. Carlton gold mine in Queensland to Navarre Minerals in a deal worth up to A$90 million ($65 million).

Gold production from top miners to recover in H2

Mining News Pro - The collective production of the top 10 global gold producers is expected to recover by around 13.5% in H2 2021 compared with H1, should their 2021 production guidance all be met, according to a GlobalData report.

Newmont axes gold output targets at Boddington

Mining News Pro - Newmont, the world’s no. 1 gold miner, has cut full-year production guidance for its Boddington gold mine in Western Australia by 140,000 ounces below the originally set target of 830,000 ounces.

Agnico Eagle and Kirkland Lake Gold merger likely the last major deal in Canada

Mining News Pro - The mega-merger of Agnico Eagle Mines and Kirkland Lake Gold unveiled to the market on September 28 “makes a lot of strategic sense” but is likely to be the last blockbuster M&A deal by a major in the Canadian mining sector, according to Haywood Securities mining analyst Kerry Smith.

New underground mine to extend life of Barrick’s Loulo-Gounkoto gold complex

Mining News Pro - The Loulo-Gounkoto gold complex in Mali continues to replace the ore depleted by mining, Barrick chief executive Mark Bristow told reporters on Saturday.

Gold price shoots higher on US labor data disappointment

Mining News Pro - Gold prices advanced past the key $1,750 level on Thursday as investors sought haven after a new labor report pointed to an uneven recovery in the US jobs market.

Silver price drops to lowest in a year against stronger dollar

Mining News Pro - The silver price extended its decline to the lowest in more than a year as the US dollar continues to advance. Spot silver fell 4.3% to $21.50 per ounce by 12:50 p.m. EDT, the lowest intraday level since July 2020, while December silver futures also fell by the same percentage.

Gold price woes continue on rising dollar, yields

Mining News Pro - Gold extended losses on Tuesday with the US dollar and Treasury yields both staying strong, as investors await the outcomes of a mandated speech given by Federal Reserve chair Jerome Powell to the Congress.

Agnico, Kirkland began talks 2 years ago to form 'gold champion'

Mining News Pro - Executives at Agnico Eagle Mines and Kirkland Lake Gold began talking more than two years ago about combining in what is being described as a C$13.4-billion “merger of equals” between the Toronto-based miners.

Marcelo Godoy appointed AngloGold Ashanti chief technology officer

Mining News Pro - Gold miner AngloGold Ashanti has appointed Marcelo Godoy as its chief technology officer, with effect from November 1.

South32’s Fraser takes gold mining CEO job

Mining News Pro - Mike Fraser, outgoing COO of ASX- and JSE-listed South32, has been appointed CEO of London-listed Chaarat – a gold mining company which operates in Armenia and Kyrgyzstan.

Syama processing circuit shutdown postponed to next year

Mining News Pro - Resolute Mining has deferred the planned 36-day shutdown of the sulphide processing circuit at Syama, Mali, from October to February.

Silver-enhanced disinfectant has long-lasting effects against covid-19

Mining News Pro - Researchers at the University of Central Florida are using an engineered nanostructure called cerium oxide modified with small amounts of silver to produce a disinfectant that can continuously kill viruses on a surface for up to seven days.

Newmont’s Yanacocha sulfides project delayed by pandemic

Mining News Pro - Newmont Mining Corp’s Yanacocha sulfides project to expand gold production in Peru has been delayed and will only be developed “at the pace the pandemic allows,” CEO Tom Palmer said on Wednesday at an industry conference.

Two dead, one missing at Sibanye’s Kloof gold mine

Mining News Pro - Sibanye-Stillwater announced on Tuesday that two members of a mine rescue team died while searching for a missing worker at its Kloof gold underground operation in South Africa.

Earthquake halts operations at Victorian gold mine

Mining News Pro - White Rock Minerals has suspended underground operations at its Woods Point gold project after an earthquake struck near Mansfield in Victoria.

Ariana Resources provides additional Kepez North Drilling results

Mining News Pro - Ariana Resources plc, an AIM-listed mineral exploration and development company with joint-venture gold mining operations in Europe, has announced recent resource drilling results obtained from the Kepez North area of the Kiziltepe Sector. Kepez North is part of the Zenit Madencilik San. ve Tic. A.S. joint venture (JV) with Proccea Construction Co. and Ozaltin Holding A.S. and is 23.5% owned by Ariana.

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