Newmont Gold
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GOLD: Auryn to acquire Eastmain, create Canadian-focused Fury Gold
TORONTO – Auryn Resources is acquiring Eastmain Resources in an all-share deal valued at $121 million to create Fury Gold Mines. By mid-day on Thursday, Eastmain shares were up by 57% or 10¢, rising to 27.5¢. “Fury Gold will combine…
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GOLD: Newmont increases quarterly dividend by 79%
COLORADO – Newmont, the world’s no. 1 gold miner, announced a quarterly dividend of US$0.25 per share of common stock, to be paid to holders of record at the close of the business day on Jun. 4. The decision represents a “significant…
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Exploding costs: An analysis of Galore Creek
An analysis by CostMine details how costs ballooned at Galore Creek between 2004 and 2011
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5 ESG trends to watch: Investor focus on ESG continues to intensify
PDAC 2020: Investor interest in ESG grows
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POWER: Barrick and Newmont to reduce coal use at Nevada JV
NEVADA – The joint venture between Barrick Gold and Newmont operating in Nevada approved the conversion of its TS coal power plant into a facility that also could produce power from natural gas, which would cut carbon emissions by as much as…
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HAULAGE: Newmont invests in autonomous fleet at Boddington
AUSTRALIA – With approval for a US$150-million investment in an autonomous haulage system (AHS) at its Boddington mine, Newmont will be the first gold miner with a driverless truck fleet. “Not only does Boddington continue to deliver strong performance, our…
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GOLD: Premier increases financing to $38M
TORONTO – Premier Gold Mines has announced an overnight marketed offering of $38 million, increased from approximately $33 million previously. The offering, co-led by CIBC Capital Markets and Sprott Capital Partners, will involve the issue of 25.3 million shares at…
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Evolution looks for growth in storied Red Lake camp
Evolution Mining is the latest Australian miner to look to Canada for growth – this time in the storied Red Lake gold camp
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GOLD: Zijin Mining to acquire Continental Gold for $1.4B
COLOMBIA – In the latest mega-deal sweeping the gold sector, Zijin Mining Group is buying Continental Gold for $1.4 billion in cash. The cash-rich Chinese gold miner is on an acquisition spree. In early November it said it would buy copper-gold assets…
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Auryn touts ‘district-scale’ potential at Committee Bay
VANCOUVER — Explorers often opine on district scale discovery potential. When it comes to Auryn Resources (TSXV: AUG) and its massive land position on the Committee Bay gold belt in Nunavut, however, the collection of financial and scientific minds behind that claim make it seem…
