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Kirkland Lake reports strong intercepts from Detour Lake with underground potential
Kirkland Lake Gold has released assay results for eight drillholes, as well as one wedge hole, completed within the underexplored Saddle zone, between the Main and West pits at the Detour Lake mine site. According to the company, the results…
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Harte Gold ramps up Sugar zone mine
Harte Gold has provided an update on the mining and milling progress at its Sugar zone mine in White River, Ont. After restarting mining at the end of July and milling in early August, following a temporary shutdown at the…
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Trevali weighs Rosh Pinah expansion with strong prefeasibility returns
The results of Trevali Mining’s prefeasibility study on an expansion of the Rosh Pinah zinc-lead-silver underground mine in Namibia, to 1.3 million tonnes per year from 700,000 tonnes per year, suggest potential for increased production at lower operating costs starting…
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GOLD: Equinox generates 127,016 oz. in Q2, adjusts guidance
VANCOUVER – In the second quarter, producer Equinox Gold generated a total of 127,016 oz. at all-in sustaining costs of US$900 per oz. sold, from six mines in the Americas. Despite the COVID-19 pandemic, Equinox still recorded its highest quarterly…
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GOLD: OceanaGold’s Waihi PEA outlines production growth in New Zealand
NEW ZEALAND – The Waihi District preliminary economic assessment (PEA) from OceanaGold suggests an additional 2.2 million oz. of gold output from the Waihi district between 2021 and 2036. These additional ounces would be sourced from the Marth and Gladstone…
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GOLD: Alamos proceeds with Island Gold shaft expansion
TORONTO – Based on the strong economics of the Phase III Expansion study for the Island Gold mine in Ontario, which includes a new 1,373-metre shaft, Alamos Gold announced that it is proceeding with an expansion of the underground mine…
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Tanzanian Gold begins production at Buckreef
Tanzanian Gold (TSX: TNX; NYSE: TRX) has produced commercial-grade gold for the first time from the oxide processing plant at its Buckreef gold project, south of Lake Victoria and 110 km southwest of the city of Mwanza in north-central Tanzania. “The…
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Exploration Snapshot: Eight gold companies mining in Canada
Canada’s prolific geological terrain and adherence to the rule of law position the country as a go-to destination for companies looking to establish and operate mineral projects. A fall in the value of the Canadian dollar over the past few…
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Shandong Gold to buy TMAC Resources for US$149M
In the latest Chinese acquisition of a Canadian gold miner, Shandong Gold is buying TMAC Resources (TSX: TMAC) and its Hope Bay gold project in Nunavut for US$149 million. The news follows Zijin Mining’s acquisition of Continental Gold in March for C$1.3…
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GOLD: Equinox tables PEA for underground development at Aurizona
BRAZIL – Equinox Gold has released the results of a preliminary economic assessment (PEA) on an underground development within its Aurizona mine site in northeastern Brazil. The early-stage study suggests a feed contribution of 2,800 t/d from the Piaba underground…
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Africa Snapshot: Eight companies active on the continent
Africa offers pre-production and operating companies large areas of underexplored prospective terrain and, in many countries, established mining legislation. West Africa, in particular, has attracted many explorers, developers and producers looking to deliver competitive returns for shareholders. Notably, a number…
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GOLD: Alamos posts strong Q1 results, expects to complete Young-Davidson expansion in July
ONTARIO – In the first quarter of the year, Alamos Gold produced 110,800 oz. of gold at all-in sustaining costs (AISC) of US$1,010 per oz. Although the company withdrew its 2020 guidance of 425,000 oz. to 465,000 oz. at AISCs…
