Australian gold production declines as miners adapt to record prices
Australia, the largest gold producer after China, produced slightly less of the yellow metal in the 12 months to June 30 as miners adjusted strategies for record high prices even…
Precious Metals
Gold miner Robex reports loss as it pivots from Mali to Guinea
West Africa-focused gold miner Robex Resources (TSXV: RBX) reported a 10% increase in gold production and a 35% rise in revenue for the second quarter of 2024. However, the company…
Cordoba Minerals bags Alacran permit approval in Colombia
Cordoba Minerals (TSXV: CDB; US-OTC: CDBMF) has secured a construction permit for the Alacran copper-gold-silver project in Colombia with work set to start by the second quarter next year, assuming…
India’s rallying jewelry trade helps sustain gold price
Retail gold demand for jewelry in India is rebounding despite record prices for the metal this year, according to BMO Capital Markets. The country lowered import duties on gold and…
Atlantic Mining faces $80M cleanup bond deadline amid court battle with Nova Scotia
A Nova Scotia subsidiary of Australia’s St Barbara (SBM:ASX) is scrambling to pay off a $79.9 million cleanup bill by next Tuesday for its closed Touquoy gold mine. The company,…
Equinox Gold marks Greenstone mine opening with 3,634-km ride, $1.5M donation
Equinox Gold (TSX: EQX; NYSE: EQX) has marked the upcoming opening of its Greenstone mine with a 3,634-km cycling journey from Vancouver, B.C., to the mine in Geraldton, Ont. The…
G Mining receives operating OKs for Tocantinzinho gold mine in Brazil
The gold project remains on time and budget for commercial production in the second half of 2024.
Shallow drill results show promise for expanding the San Albino mine in Nicaragua
Mako Mining’s (TSXV: MKO; US-OTC: MAKOF) shares in Toronto stayed flat Wednesday despite reporting double-ounce gold drill results at Las Conchitas near its San Albino mine in Nicaragua. The company’s…
Borealis pours first gold as Nevada mine’s new owner
Borealis Mining (TSXV: BOGO) says it’s poured its first gold at the Borealis mine in Nevada after acquiring the past-producing site this year. The recently-listed miner poured doré bars weighing…
Site visit: Northern Star to bolster ‘Super Pit’ gold output to 900,000 oz per year
Northern Star Resources (ASX: NST) is transforming an iconic but previously unloved Kalgoorlie asset into Australia’s largest gold operation. Kalgoorlie Consolidated Gold Mines (KCGM) — also known as the Super…
Aura Minerals delays Matupá construction for more drilling to expand gold resource
Aura Minerals (TSX: ORA) (OTCQX: ORAAF) says it’s delaying construction of its Matupá gold project in Brazil for more exploration to “significantly” expand the company’s resources. The Canadian miner withdrew…
People in Mining: Stephen Stewart’s tactical moves lift Ore Group on several fronts
A decade ago, Stephen Stewart launched Ore Group with a clear strategy: capitalize on distressed assets from the global financial crisis and develop them into high-potential projects. His approach has…