Newmont’s Subika underground starts commercial production in Ghana
Newmont Mining’s (NYSE: NEM) Ahafo mine in Ghana started producing gold from an open pit in 2006 and now the underground portion of the mine has launched commercial production on…
Newmont Mining
Maverix Metals raises guidance for 2018
Precious metals streaming and royalty company Maverix Metals (TSXV: MMX) forecasts it will exceed its previously announced guidance for the year of 18,000 to 19,000 gold-equivalent ounces. In the third…
Analysts optimistic on Newmont’s Boddington and Tanami mines
Raymond James mining analyst Brian MacArthur has raised his target price on Newmont Mining (NYSE: NEM) from US$44 to US$46 per share after visiting the company’s Boddington and Tanami gold…
Lumina Gold spins out Luminex Resources
Lumina Gold (TSXV: LUM; US-OTC: LUMAF) is spinning all but one of its properties out into a separate company called Luminex Resources. It retains the Cangrejos gold-copper project, located in…
Newmont invests in Evrim Resources
Shares of Evrim Resources (TSXV: EVM) surged 18.5% to $1.28 on news that Newmont Mining (NYSE: NEM) is acquiring 4.85 million shares of the company at $1.50 per share for…
Top 10 US-based mining companies
The Northern Miner presents its top-10 list of the largest U.S.-headquartered mining companies. 1. SOUTHERN COPPER Market cap: US$35 billion Southern Copper (NYSE: SCCO), an 88%-owned subsidiary of the conglomerate…
Newmont buys 50% stake in Galore Creek from NovaGold
Newmont Mining (NYSE: NEM) has acquired NovaGold Resources’ (TSX: NG; NYSE-AM: NG) 50% stake in the Galore Creek copper-gold project in B.C. for staged payments of up to US$275 million….
Lumina encouraged by results at Cangrejos in Ecuador
Lumina Gold (TSXV: LUM; US-OTC: LUMAF) has tabled a preliminary economic assessment (PEA) for its 63 sq. km Cangrejos gold project in Ecuador’s El Oro province, 30 km southeast of…
US markets fall, March 19-23
Gold rose 2.5% to close at US$1,346.8 during a poor week for U.S. markets. The Philadelphia Gold and Silver Index rose 3.5% to 81.5, the Dow Jones Industrial Average fell…
Prospect generator Evrim adds another JV
In the last year and a half, Evrim Resources (TSXV: EVM) has signed up two new joint-venture partners on projects in Mexico and British Columbia — Coeur Mining (NYSE: CDE)…
Liberty Gold tables maiden resource for Goldstrike
Liberty Gold (TSX: LGD) has completed the first resource estimate on its flagship, wholly owned Goldstrike oxide gold project in southwestern Utah. The project lies near the Nevada border in…
Barkerville on track for 2018 resource estimate
With 10 rigs active for most of last year and 157,000 metres of drilling, Barkerville Gold Mines (TSXV: BGM) says the program last year at its gold project in British…