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GOLD: Eldorado discovers new zone at Lamaque
QUEBEC – Eldorado Gold has announced the discovery of a new zone of gold mineralization, the Ormaque zone, at its Lamaque gold operations. Drill highlights include: 27.3 metres of 10.2 g/t gold; 12.3 metres of 26.82 g/t gold; and 16.25…
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GOLD: Alamos steps out at Island Gold
ONTARIO – The latest exploration release from Alamos Gold’s Island Gold mine suggest presence of high-grade mineralization up to 200 metres outside of the current resource limits. The company reported intercepts from three gold-bearing zones below and to the east…
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GOLD: Torex upgrades Media Luna resource
MEXICO – Torex Gold has released an updated resource for its Media Luna deposit at the Morelos project with 12.6 million tonnes at 5.55 g/t gold-equivalent in the indicated category for a total of 2.24 million oz. and 33.5 million…
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COPPER: Copper Mountain plans for growth
BRITISH COLUMBIA – Copper Mountain Mining has released 2019 operating results and provided three-year production guidance for its 75%-owned Copper Mountain mine. The company’s total production of 87.2 million lb. copper-equivalent last year came in at the lower end of…
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GOLD: Iamgold to sell its interest in Sadiola to Allied Gold
MALI – Canadian gold producer Iamgold has announced that it has entered into an agreement to sell its 41% interest in the Sadiola joint venture to Australian-based Allied Gold for total consideration of up to US$52.5 million in cash. Under…
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GOLD: Kirkland Lake expects up to 1 million oz. next year from Macassa, Fosterville and Holt
TORONTO – Kirkland Lake Gold has released three-year production guidance for its Macassa and Fosterville mines and provided an update on Holt. Next year, production from the three assets is expected to total 950,000 oz. to 1 million oz. at…
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CRUSHER: Metso to provide crushing and handling equipment for Venetia mine
SOUTH AFRICA – Metso will deliver high performance crushing and material handling equipment to the Venetia diamond mine held by De Beers. The Venetia mine is reported to produce about 4 million carats per year, making it one of South…
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GOLD: Kinross signs debt financing for Tasiast
MAURITANIA – Kinross Gold has signed a loan agreement for up to US$300 million with the International Finance Corporation (a member of the World Bank group) and Export Development Canada with the additional participation of ING Bank and Societe Generale…
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GOLD: Young-Davidson expansion to come online in 2020: Alamos Gold
TORONTO – Alamos Gold has released 2020 production guidance for its three operating mines in Ontario and Mexico. Next year, total production is forecast at 425,000 oz. to 465,000 oz. at all in sustaining costs of US$1,020 to US$1,060 per…
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GOLD: November a record month for Gran Colombia
COLOMBIA – Gran Colombia Gold released November production numbers for its Segovia and Marmato operations in Colombia. Last month, the company produced 21,835 oz. of gold, a new record. This year, the company expects to deliver production in the upper…
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GOLD: Iamgold study expands Essakane mine
BURKINA FASO – A feasibility study has found that increasing the carbon-in-leach (CIL) plant capacity and postponing the heap leach operation to the end of the mine life is more economical than operating both a heap leach and the CIL…
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DIAMONDS: Feasibility confirms strong case for Karowe underground
BOTSWANA – A new feasibility study shows that underground development at Lucara Diamond’s rich Karowe diamond mine in Botswana could double the mine life of the operation. Open pit mining at the operation is expected to last until mid-2025. For…
