Mining Shared Value, a non-profit initiative of Engineers Without Borders has announced that four mining companies have now adopted the Mining Local Procurement Reporting Mechanism (LPRM), with two more planing to do so shortly. The LPRM is a publicly available…
GHANA – Golden Star Resources has announced it will sell its 90% stake in the Bogoso-Prestea gold mine in southwestern Ghana to Future Global Resources for US$55 million and contingent payments of up to another US$40 million. The mine is about 40…
PDAC 2020: Investor interest in ESG grows
Michael O’Brien, Auramex Resource Corp’s CFO, will also assume the role of corporate secretary as Janice Davies has stepped down from the role. Tony Manini, the chairman of Carube Copper’s board, will assume the role of executive chairman while Stephen Hughes…
Dustin Small has joined Adventus Mining as director of projects to lead the development of the Curipamba project. Gordana Slepcev has stepped down from her role as chief operating officer of Anaconda Mining. Jaksa Mrcela has joined the board of…
Swedish drilling powerhouse Epiroc AB has named Helena Hedblom its new president and CEO, a promotion from her previous role as senior executive VP mining an infrastructure. She is the holder of a MSc in material technology from the Royal…
Patrice Merrin is the new chair of Detour Gold Corp. in Toronto. She is currently a director of Glencore plc, and has held numerous other executive and board positions in the resource sector. She has also served with several government…
The new president and CEO of the Mining Association of British Columbia is Michael Goehring, effective May 1, 2019. He has more than 20 years’ of experience in public affairs and strategic communications across a number of industries. Boreal Metals…
GHANA – Golden Star Resources has increased its overall reserves by 6%, net of mining depletion. It offset a loss in reserves at its Prestea gold mine by adding reserves at its Wassa gold mine. In total the company has 19.4…
TORONTO – Golden Star Resources is getting a cash injection of $125 million from La Mancha Holding of Luxembourg. The deal creates a long term, strategic relationship between the two companies. Golden Star will use the funds to accelerate development…
GHANA – The Prestea underground gold mine has reached commercial production says 90% owner and operator Golden Star Resources of Toronto. The government of Ghana holds a 10% interest. All construction is complete and output is expected to continue to…
TORONTO – Golden Star Resources has closed a previously announced bought deal financing of almost 31.4 million common shares at a price of $1.10 per share for gross proceeds of $34.5 million. The offering was led by Clarus Securities and…