PureGold hits commercial production

Mining News Pro - Vancouver-based PureGold has reached commercial production at its namesake mine in Ontario, marking an “exciting” growth phase for the company, reports CEO Darin Labrenz.

Fresnillo reports sharp increase in profitability

Mining News Pro - Precious metals miner Fresnillo has reported a sharp increase in profitability during the first half of the year, on the back of higher precious metals prices and its improved production performance.

SSR Mining sells royalty portfolio for $100m

Mining News Pro - Intermediate gold miner SSR Mining will sell a portfolio of royalty interests and deferred payments to EMX Royalty for $100-million.

OZ creates value, relationships in South Australia

Mining News Pro - OZ Minerals has trialled hydrogen direct injection for improved drill rig efficiency at its Prominent Hill copper-gold mine in South Australia, among other enhancements to its operations.

Northern Star expands Thunderbox with GR Engineering contract

Mining News Pro - Northern Star Resources has awarded GR Engineering Services a $101 million engineering, procurement and construction contract at the Thunderbox gold operations in Western Australia.

Gold set for modest rally before easing in 2022

Mining News Pro - Gold prices will average a little above their current level of $1,830 an ounce for the remainder of 2021 before edging lower next year as the global economy recovers and central banks begin to tighten monetary policy, a Reuters poll showed on Thursday.

Yamana to expand Jacobina at fraction of original capital estimate

Mining News Pro - Canadian gold miner Yamana Gold has significantly lowered the capital expenditure (capex) estimate for the expansion of its Jacobina mine, in Brazil, with the project now expected to cost no more than $15-million to $20-million.

Alamos writes down Turkey assets

Mining News Pro - Canadian miner Alamos Gold has reported a second-quarter net loss of $172.5-million, or $0.44 a share, compared with a profit of $11.7-million in the corresponding period, after writing down the entire carrying value of its Turkish assets.

Turquoise Hill's profit beats on strong output

Mining News Pro - Canadian miner Turquoise Hill Resources on Thursday beat estimates for second-quarter profit, bolstered by a strong output from the Oyu Tolgoi mine in Mongolia and higher prices of copper and gold.

Gold price jumps to 2-week high as Fed maintains dovish tone

Mining News Pro - Gold prices jumped by more than 1% on Thursday after moving sideways over the past week, as investors reacted to the US Federal Reserve’s dovish messaging after keeping the benchmark interest rate near zero (as expected).

Agnico Eagle studying wind power solution for Hope Bay

Mining News Pro - Precious metals miner Agnico Eagle has signed a memorandum of understanding with a consortium to develop a renewable energy plan for its newly acquired Hope Bay mine, in the Kitikmeot region of Nunavut.

Kinross unveils share buyback plan, lowers Tasiast restart costs

Mining News Pro - Canadian gold mining company Kinross on Wednesday announced announced a share buyback programme and rewarded shareholders with a quarterly dividend of $0.03 a share.

St Barbara steady as Gwalia offsets Simberi

Mining News Pro - St Barbara has hit five-year highs for ore milled at the Gwalia gold mine in Western Australia as operations at the historic site benefitted from a debottlenecking program.

Mt Gibson adds to Capricorn’s gold growth

Mining News Pro - Capricorn Metals has revealed plans to restart production at the historic Mt Gibson gold project (MGGP) in the Murchison region of Western Australia as part of the company’s strategy to grow into an Australian-focused multi-mine gold company

Cobre Panama making good progress

Mining News Pro - The Cobre Panama copper and gold mine – one of Panama’s biggest ever investments – is making good progress following last year’s Covid-19-related production interruptions, Canadian miner First Quantum reported on Tuesday.

Gruyere troubles put bump in Gold Road

Mining News Pro - Gold Road Resources has reported lower gold production for the June quarter following processing plant issues at the Gruyere joint venture (JV) operation in Western Australia last month.

UNESCO names Romanian ancient gold mine settlement a world heritage site

Mining News Pro - UNESCO added the ancient Roman gold mining area of Rosia Montana in western Romania to its list of world heritage sites on Tuesday, throwing the town a lifeline and further complicating a long-stalled mine project.

Osisko secures gold from Eldorado’s project in Brazil

Mining News Pro - Osisko Gold Royalties has agreed to as much as a 2.75% net smelter return royalty on a Brazilian gold project operated by Eldorado Gold from Sailfish Royalty in a $10 million cash deal.

La Mancha launches $1.4 billion gold mining fund

Mining News Pro - La Mancha Holdings, owned by Egyptian billionaire Naguib Sawiris, has unveiled a $1.4 billion fund to hold the magnate’s gold mining investments and pursue new opportunities in the sector.

Barrick Gold signs four exploration deals in Egypt

Mining News Pro - Barrick Gold has inked four gold exploration deals in Egypt’s Eastern Desert, the country’s ministry of petroleum and mineral resources said on Tuesday.

Ethos Gold stock soars on Sprott investment

Mining News Pro - Ethos Gold announced on Monday it has arranged a non-brokered private placement offering of units priced at C$0.32 each to raise gross proceeds of C$2 million ($1.6m).

Osisko secures gold from Eldorado’s project in Brazil

Mining News Pro - Osisko Gold Royalties has agreed to as much as a 2.75% net smelter return royalty on a Brazilian gold project operated by Eldorado Gold from Sailfish Royalty in a $10 million cash deal.

La Mancha launches $1.4 billion gold mining fund

Mining News Pro - La Mancha Holdings, owned by Egyptian billionaire Naguib Sawiris, has unveiled a $1.4 billion fund to hold the magnate’s gold mining investments and pursue new opportunities in the sector.

Troy reports maiden reserve for Smarts Underground

Mining News Pro - Troy Resources has reported maiden ore reserves for its Smarts Underground project, in Guyana, of 1.08-million tonnes, grading 2.6 g/t gold for 89 4000 oz of contained gold.

Silver Lake skilled worker shortage to continue

Mining News Pro - Silver Lake Resources has modified its operating strategy at the Mount Monger gold mine in Western Australia due to a lack of skilled labour causing productivity and cost issues.

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