Mining News

The unions, including AMCU, the NUM, Solidarity and UASA have threatened to initiate strike action at the company’s gold operations.

The cash costs and all-in-sustaining costs are expected to be within guidance of $1,025 to $1,075 per oz and $1,300 to $1,375 per oz sold, respectively.

The yearly output from the company’s four operating mines touched the upper end of their revised production guidance.

New Gold achieved updated consolidated gold equivalent production guidance, said the press release.

According to Barrick Gold, its mines currently have sufficient stocks and stores to ensure smooth and normal operations.

Pursuant to this, Corvus will now apply for a final order of the Supreme Court of British Columbia for approval of the purchase deal.

If agreed, any such resolution would need to be formalized in the form of a definitive agreement and would be subject to all applicable legal and regulatory requirements and approvals.

It has been agreed to discuss these issues during the review meeting scheduled to be held in mid-January this year.