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Harte Gold OK’s Sugar Zone expansion to 1,200 t/d
Ontario-focused Harte Gold has announced plans to go ahead with an expansion of its Sugar Zone mine to 1,200 t/d, from the current 800 t/d throughput, based on strong feasibility study economics. The latest study suggests that an incremental $21…
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Rio Tinto looming talks with Mongolia to decide Oyu Tolgoi’s fate
The next three to six months will be crucial to the future of the vast Oyu Tolgoi copper-gold mine in Mongolia, as the companies behind the operation engage in talks to find a way to improve the government’s financial benefits…
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Rio Tinto’s $6.75B Oyu Tolgoi expansion to kick off production in 2022
Rio Tinto (NYSE:RIO; LSE: RIO; ASX: RIO) unveiled on Wednesday that underground production from the Oyu Tolgoi copper-gold mine in Mongolia is slated to begin in October 2022, adding that it will come with a price tag of US$6.75 billion.…
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Lundin Gold goes ahead with $18.6M Fruta del Norte expansion
Canada’s Lundin Gold (TSX:LUG) is going ahead with expansion plans for its Fruta del Norte gold-silver mine in Ecuador, the country’s largest, only a year after producing the first doré bar on site. The Vancouver-based miner said the $18.6-million expansion will take throughput from 3,500 to…
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Newmont’s five-year outlook sees steady production growth, improving costs
Gold major Newmont has released a five-year production and costs outlook, which suggests production growth and lower costs through 2025. This most recent guidance, for the first time, includes the Ahafo North and Yanacocha Sulphides projects, which are expected to…
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SSR ‘master plan’ study examines Copler production scenarios
Intermediate producer SSR Mining has released an independent ‘Master Plan study’ (CDMP20) for the company’s 80%-held Copler district in Turkey – the site includes a producing gold mine. The company has also published a reserve and resource update for the…
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US fund threatens Rio Tinto with legal action over Oyu Tolgoi finances
The world’s second largest miner Rio Tinto (NYSE: RIO; LSE: RIO) is facing stronger headwinds over how to finance its massive Oyu Tolgoi underground copper project in Mongolia after a U.S. hedge fund threatened the company with legal action. Pentwater Capital, the…
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Copper Mountain updates mine plan with 65,000 t/d mill expansion
Copper Mountain Mining has announced an updated life-of-mine plan, completed at a pre-feasibility study level, for its 75%-owned Copper Mountain mine in southern B.C. The latest report incorporates a mill expansion to 65,000 t/d, up from 40,000 t/d currently and,…
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Castle Mountain reaches commercial production for Equinox
Equinox Gold’s Castle Mountain mine in California has declared commercial production. The open pit, heap-leach operation poured its first gold on Oct. 15 and is expected to generate 5,000 to 10,000 oz. of gold for the company this year. The…
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Sierra looks to expand mines in Peru, Mexico; grows resources
South American-focused miner Sierra Metals has released a preliminary economic assessment (PEA) on an expansion of its Yauricocha polymetallic mine in Peru’s Yauyos province. The early-stage study suggests a throughput increase to 5,500 t/d, up from 3,150 t/d currently –…
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Roxgold grows Yaramoko inventory, defines open pit reserves
West Africa-focused gold miner Roxgold has added near-surface, open-pittable reserves and resources to its mineral inventory at the underground Yaramoko mine complex in Burkina Faso. The company released a resource and reserve update, which shows net ounce growth at the…
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Kinross shares up on Q3 results
Kinross Gold reported production of 603,312 attributable gold-equivalent oz. in the third quarter of 2020, compared with 608,033 gold-equivalent oz. over that same period last year. According to the company, the decrease was largely due to lower production at Paracatu, Maricunga…
