AngloGold extends $20m loan to Corvus for Nevada projects

Mining News Pro - North American gold explorer and developer Corvus Gold has secured a $20-million loan from its 19.9%-shareholder AngloGold Ashanti to fund work at its projects in Nevada.

Gold Fields on track to deliver on guidance

Mining News Pro - Notwithstanding the impact of Covid-19, Gold mining company Gold Fields produced attributable equivalent gold production of 541 000oz, which was largely flat year-on-year and down 9% quarter-on-quarter.

Gold Fields board approves R660m construction of 40 MW solar plant at South Deep

Mining News Pro - Gold Fields' board has approved the construction of a 40 MW solar plant at the South Deep mine at an estimated capital cost of R660-million.

Brightstar to refurbish gold processing plant

Brightstar Resources plans to refurbish the processing plant at the Brightstar gold project in Western Australia for $5.5 million.

Tanzania gold refinery starts producing in drive to boost gold revenues

Mining News Pro - A new gold refinery set to be the biggest in Tanzania has begun production in a step towards the government's aim of processing more of the precious metal domestically.

OceanaGold persists through NZ, US troubles

Mining News Pro - OceanaGold is on track to deliver production at the Martha underground mine in New Zealand late this quarter after entering production this year.

Regis advances two million ounce gold mine

Mining News Pro - Regis Resources has set itself for a strong year of development, as both the McPhillamys and Garden Well gold projects continued towards becoming operational over the past quarter.

Gold outlook for 2021 positive, despite uncertainty

Mining News Pro - Gold investment demand fell in the first quarter, driven by hefty outflows in gold-backed exchange-traded funds (ETFs) as growing expectations of higher interest rates impacted sentiment, the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ (GDT) report shows.

Fortuna Silver to buy Roxgold in $884 million deal

Mining News Pro - Canada’s Fortuna Silver Mines is buying fellow miner Roxgold in a cash-and-stock deal valued at about C$1 billion ($884.32 million), as strong gold prices spur a wave of mergers and acquisitions in the sector.

Miners seek gold under the desert sands after Egypt changes rules

Mining News Pro - Mining companies awarded blocks in Egypt’s Eastern Desert are set to start exploring for gold under a legislative overhaul that seeks eventually to unlock vast untapped mineral resources.

Silver Lake ups gold output in March quarter

Gold miner Silver Lake Resources has reported higher gold production for the quarter ended March, compared with the previous quarter.

Alamos Gold seeks $1bn from Turkey over stalled Kirazli project

Mining News Pro - Canada’s Alamos Gold is seeking to obtain more than $1 billion from Turkey for what it deems as “unfair and inequitable treatment” of its Kirazli gold project, which has been halted since 2019 following protests and the expiration of the mining permit.

Alamos Gold seeks $1bn from Turkey linked to stalled project

معدن نیوز -Canada’s Alamos Gold is seeking to obtain more than $1 billion from Turkey for what it deems as “unfair and inequitable treatment” of its Kirazli gold project, which has been halted since 2019 following protests and the expiration of the mining permit.

GWR to create gold-focussed subsidiary

Mining News Pro - GWR Group is set to demerge its Wiluna West gold project in Western Australia and assign the site to proposed subsidiary Western Gold Resources.

Laneway sells coal project stake to focus on gold

Mining News Pro - Aus Tin mining has completed its stage one acquisition of the Ashford coking coal project in New South Wales from Laneway Resources.

B2Gold commissions world`s largest off-grid solar plants for the mining industry

Mining News Pro - B2Gold, a low-cost international senior gold producer headquartered in Vancouver, Canada, announced the commissioning of an off-grid hybrid solar-battery system at Fekola in southwest Mali, one of the world’s biggest gold mines.

China opens its borders to billions of dollars of gold imports

Mining News Pro - China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support global gold prices after months of declines.

Gold price nears 2-month high on stronger US retail data

Mining News Pro - Gold prices rose to their highest since late February following declines in both the dollar and bond yields Thursday, placing the precious metal on course for a second straight weekly gain.

Top eight gold producers’ output to increase again after 2020 drop

Mining News Pro - Production from the world’s eight largest gold producers – Newmont, Barrick Gold, AngloGold Ashanti, Polyus, Kinross, Gold Fields, Newcrest and Agnico-Eagle – decreased by 6.5% year-on-year to 24.98-million ounces in 2020, reports data and analysis provider GlobalData.

Gold price rebounds on US inflation data

Mining News Pro - Gold prices rebounded on Tuesday from their lowest levels in more than a week after new data showing a sharp rise in US inflation bolstered bullion’s appeal as an inflation hedge and weighed on the dollar.

Nevada-focused gold miner i-80 falls in Toronto debut

Mining News Pro - US-focused gold miner i-80 Gold Corp, a company formed as part of the C$612 million ($478m) acquisition of Premier by Equinox Gold, debuted on the Toronto exchanged on Tuesday, falling slightly in the first hour of trading.

B2Gold commissions “world’s largest” off-grid solar battery plant at Fekola

Mining News Pro - Canada’s B2Gold has commissioned an off-grid solar battery hybrid system at its Fekola gold mine in Mali, said to be the world’s largest in the mining industry.

Porgera gold mine set for restart

Mining News Pro - The Papua New Guinea (PNG) Government and Barrick Gold have formed a new partnership that will lead to the reopening of the Porgera gold mine later this year.

Implantable gold sensor can help monitor vital values

Mining News Pro - Scientists at Johannes Gutenberg University Mainz have developed an implantable sensor based on color-stable gold nanoparticles. The sensor can be operated in the body for several months.

Gold Road yet to secure acquisition of Tropicana stake

Mining News Pro - Gold Road Resources has confirmed that a bid it made to acquire IGO’s 30 per cent interest in the Tropicana joint venture project in Western Australia has not reached an agreement.

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