Gold mining news

The proceeds of the placement will be used to help fund the company’s acquisition of the Pogo underground gold mine in Alaska, US.

The decision to suspend has been attributed to the low grades of the ore mined at Beaufor in recent quarters, combined with the persistent weakness in the price of gold and difficulties recruiting qualified manpower in the region.

The minerals industry is a significant contributor to the Victorian economy, employing 121 000 people and making a total direct and indirect contribution to the state in 2015/16 of AUS$13.6 billion

High-grade intersections at Eleonore North and South continue to define and extend mineralisation.

The company has completed and submitted the IFS on the Sangihe project to the Indonesian Ministry of Energy and Mineral Resources and, once approved, construction of the mining facilities and infrastructure can begin.

The drilling results from the Eleonore South continue to validate the spatial continuity of the mineralisation identified to date and, importantly, demonstrate that high grades are recurrent along strike and dip.

Copper Mountain Mining has reported its second quarter 2018 financial results.

Kinross Gold Corporation shares its results for the second quarter of 2018 which build on the strength of its 1Q18 results and contribute to a positive first half of the year.

Total production from its seven operating silver mines in 2Q18 was 5.1 million equivalent oz. of silver.

Simon Jackson has been replaced as CEO by Dr Nicole Adshead-Bell, who acknowledged that the company’s Tucano gold mine in Brazil had “underperformed”.