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Pan mine gold output trends up for Fiore
In the first three months of 2021, Fiore Gold’s (TSXV: F) Pan heap leach mine in Nevada generated 10,915 oz. of gold, a 19% increase over the prior quarter due to an improvement in heap leach pH levels. The amount…
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Rio Tinto, Turquoise Hill strike funding deal for Oyu Tolgoi
The binding agreement ends a long-dragged standoff between the companies over funding for an expansion of the copper-gold mine in Mongolia.
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Lucky Friday shaft project to drive higher silver output for Hecla
After completing and ramping up the #4 Shaft project at its Lucky Friday mine in Idaho, U.S.-focused silver and gold producer Hecla Mining (NYSE: HL) produced 3.5 million oz. of silver in the first quarter, a 7% and 11% increase…
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Kirkland Lake expects Detour to produce up to 900k oz annually by 2032
Miner Kirkland Lake Gold (TSX, NYSE: KL; ASX: KLA) expects its Detour Lake open pit mine in northern Ontario to reach a gold output rate of 900,000 oz. a year by 2032, based on the company’s latest life-of-mine plan for…
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Copper Mountain announces US$250 million senior secured bond issue
Copper Mountain Mining (TSX: CMMC) has successfully priced US$250 million in senior secured bonds in the Nordic bond market. The five-year bonds, bearing interest at 8% per year, will mature in April 2026. The offering is expected to close on…
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Ivanhoe to accelerate Phase 3 expansion at Kamoa-Kakula copper mine
Ivanhoe Mines (TSX: IVN) announced that part of the proceeds from the recently completed US$575-million, 2.50% convertible senior notes offering will be used to accelerate the Phase 3 expansion at the Kamoa-Kakula copper mine in the Democratic Republic of Congo.…
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Lucara closes in on financing for Karowe expansion
As it looks to expand its flagship Karowe diamond mine in Botswana, Vancouver-based Lucara Diamond (TSX, BSE: LUC) has completed a mandate for a senior secured financing package of up to US$220 million with five lenders. The funds are intended…
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Lucapa Diamond boosts Lulo mine resource by 35%
Australia’s Lucapa Diamond (ASX:LOM) reported on Tuesday a 35% increase in the resource carats at its Lulo diamond mine in Angola, where the company found a 113-carat white diamond in January. Despite a reduction in grade to 6.86 carats per 100 cubic metres,…
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Equinox releases feasibility on expansion of ‘cornerstone’ Castle Mountain
Gold producer Equinox Gold (TSX, NYSE: EQX) has announced the results of a feasibility study on an expansion of its 12,700 t/d Castle Mountain heap leach mine in California into an operation with a 45,350 t/d heap leach facility and…
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Lucara Diamond to borrow for Karowe underground expansion
Lucara Diamond (TSX:LUC) anticipates incurring debt of between US$150 million and US$200 million towards the US$514-million underground expansion of the Karowe diamond mine in Botswana. The Vancouver company has already initiated discussions with potential lenders, and hopes to secure funding…
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Alamos reports record operating cash flows, ups dividend by 25%
Gold miner Alamos Gold (TSX, NYSE: AGI) has announced record cash flow from operations, both for the fourth quarter and full year, with its 2020 financial results release. Production of 426,800 gold oz. for the year (120,400 oz. in the…
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Capstone reports 2020 operations beat with strong Q4
Copper-focused miner Capstone Mining (TSX: CS) beat its production and costs guidance for 2020, driven by strong fourth-quarter output at both the Pinto Valley open pit mine in Arizona and at the Cozamin underground mine in Mexico. With a total…
