News
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GOLD: New Gold rejigs mine plans, focuses on cash flow
TORONTO – With the release of optimized mine plans for both its Rainy River and New Afton mines, New Gold is focusing on cash flow generation. The company also provided full-year financial results and issued guidance for 2020; operating results…
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MINING PEOPLE: Barrick, Galway, Osisko Gold Royalties, Pretium, Teck
Alex Klenman is now Arbor Metals’ director of corporate development with CEO duties transitioning to Mark Ferguson. Kenneth Williamson has been retained as a consultant to Argo Gold; Williamson is an independent geological consultant. Rich Haddock has deferred his retirement…
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GOLD: Great Bear to step out footprint at Dixie
RED LAKE – Great Bear Resources has traced gold mineralization along a 4.2-km long stretch of the LP fault at its 91-sq.-km Dixie gold project. The company now plans to test a 5-km section of this 18-km structure down to…
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WATER: New flowmeter from Endress+Hauser provides top measurement performance
ONTARIO – Endress+Hauser’s new Proline Promag W electromagnetic flowmeter with the new 0 x DN full bore option delivers accurate measurements without a measuring tube restriction, irrespective of the flow profile or mounting location. The Promag W 300/400/500 flowmeters with 0…
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GOLD: Troilus upsizes private placement to $12.8M
TORONTO – Troilus Gold has announced an upsized non-brokered private placement with gross proceeds expected at up to $12.8 million, up from $10 million previously. The placement features a common share offering component of up to 11.3 million common shares,…
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AngloGold Ashanti sells South African assets to Harmony Gold
AngloGold Ashanti is selling its assets in South Africa to Harmony Gold in a deal worth about US$300 million. Harmony Gold has nine underground operations in the country’s Witswatersrand Basin and an open-pit mine on the Kraaipan Greenstone Belt. AngloGold said it decided…
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BATTERIES: Australian companies, academia working on fast-charge batteries
AUSTRALIA – Nanotechnology company VSPC, a 100%-owned subsidiary of Lithium Australia, together with CSIRO, the University of Queensland (UQ) and Soluna is taking part in an A$5-million government-funded program to develop fast-charge lithium-ion batteries for use in new-generation trams. In…
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GOLD: Pretium meets 2019 guidance, issues production outlook
BRITISH COLUMBIA – Pretium Resources expects to produce 325,000 oz. to 365,000 oz. gold a year while it mines the Valley of the Kings zone, in contrast with the 525,000 oz. long-term output rate suggested in a technical report released…
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GOLD: Contact hits oxide gold at Green Springs
NEVADA – Contact Gold has released the results of two holes completed last year at the past-producing Green Springs gold project, which lies within the Cortez trend, 25 km from Elko. The drill highlights include 38.1 metres of 3.53 g/t…
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NICKEL-COBALT: Giga improves Turnagain recoveries
BRITISH COLUMBIA – Giga Metals announced that, based on ongoing metallurgical testwork, it has obtained significantly improved nickel and cobalt recoveries for samples from the Turnagain deposit in western Canada. Recent tests have shown that separating fast-floating nickel minerals from slower-floating…
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AUTOMATION: Epiroc and ASI to automate fleet at Australian mine
SWEDEN – Epiroc, a productivity partner for the mining industry, has signed a contract with the Roy Hill iron ore mine in western Australia to deliver a fully automated haul truck solution to the 55-million-tonne-per-year operation. Epiroc, in partnership with…
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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…
