Gold mining news

Newcrest and its Wafi-Golpu Joint Venture (WGJV) partner Harmony Gold have signed a framework MOU with Papua New Guinea.

Newmont Corp. has submitted a revised non-binding indicative proposal to the Board of Directors of Newcrest Mining Ltd to acquire 100% of the company’s issued share capital.

The results are from the final 20% of assays that were received from the previously completed 14 720 m of drilling.

RC drilling is underway at near-resource targets and drilling is also to commence at the regional Argo targets at completion of IP surveys.

The primary repayment mechanism will be executed by offsetting US$100 000 against monthly deliveries from July to November 2023 inclusive.

Multiple outcropping vein breccias have been mapped over a 1000 x 600 m area with 25% of outcrop samples assay over 1% Cu and 50% of samples assay over 0.3% Cu.

Four producing mines will be added to Pan American’s portfolio: the Jacobina mining complex in Brazil, the El Peñón and Minera Florida mines in Chile, the Cerro Moro mine in Argentina, and the MARA development project in Argentina.

In recent weeks, significant levels of operational activity have been ramping up onsite - from foundation work and construction to commissioning – to meet the demands of a company that is building towards full gold production shortly.

The first gold pour at the Singida Gold Mine in Central Tanzania is on schedule and on budget.

The company forecasts total production increasing by 30 – 50%, to 70 000 – 75 000 gold equivalent oz for 2024 and 2025 (copper equivalent of 15 000 – 15 500 t).