Mining News

Monarch to Put Beaufor Mine on Care and Maintenance

September 30th 2022

Before placing the Beaufor Mill on care and maintenance, Monarch Mining intends to process the estimated stockpile of 20,000 tonnes.

Anglo American Started Commercial Production at Quellaveco

This follows successful testing of operations and receipt of final regulatory clearance.

Musselwhite Mine Touched 25 Years Production Milestone

The mine had achieved initial commercial production in April 1997.

Glencore to Acquire Newmont's Stake in MARA Copper-Gold Mine Project

Following the completion of the transaction, Glencore will have 43.75% ownership of MARA.

Cerro Blanco Gold Project in Guatemala Faces Overwhelming Objection

It must be noted that the electoral roll had a total of 30,465 eligible voters.

AngloGold Ashanti Reached Agreement to Acquire Nevada Properties from Coeur Mining

The acquisition is considered a compelling strategic fit with AngloGold Ashanti’s assets in the Beatty District of Nevada.

B2Gold Declared Positive Exploration Drill Results from Anaconda Area

The Cobra Zone, located 2 kilometers east of the Mamba Zone, reported strong initial results.

Newmont Delayed Investment Decision for Peru Gold Mine

Meantime, the company will go ahead with advanced engineering and long-lead procurement activities, as planned before.

Sabina Gold & Silver Updated on Building of Goose Gold Mine

Bruce McLeod, President & CEO noted that the company is excited to formally commit to becoming a significant Canadian gold producer.

MSHA Issued Final Report on West Virginia Coal Mine Fatality

A co-worker pressed the emergency stop switch to shut off the drill and called for help.

Barrick Gold Declared Sale of Royalty Portfolio to Maverix Metals

The transaction is expected to close at the end of Q3 2022, subject to satisfaction of customary closing conditions.

Harmony Gold Fiscal 2022 Gold Output Recorded Decline

The company reported net loss of US$48 million in FY22 compared to a net profit of US$326 million in FY21.

Barrick Gold Secured Rights to Earn 80% Interest in Pic Project

Barrick will deliver a Pre-Feasibility Study within six years of which at least $800,000 is the guaranteed expenditure in the first year of the agreement.

Nevada Copper Announced Copper Mine Restart Plan

The plan is expected to mitigate operating risks and enhance flexibility of the underground operations, said the company press release.

Metal Futures

CME		VIEW ALL
Copper	3.3885	-0.04
Gold	1668.30	-0.5
SHFE		VIEW ALL
Aluminum	18320.00	150
Copper	62460.00	720

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