C29 Metals, Bask International to form joint venture

C29 Metals, through its local subsidiary, has executed a binding heads of agreement (HOA) with Kazakhstan-based Bask International Group Ltd. that sets out the framework for an incorporated Joint Venture between the companies. The purpose of the JV is to enable the companies to work collaboratively to identify or acquire and develop advanced exploration projects across Kazakhstan. It will be…

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Native Mineral Resources on schedule for Blackjack commissioning

Australia-based Native Mineral Resources continues to advance activities at its Blackjack processing plant and Charters Towers assets in north Queensland, where it expects to commence commissioning in June. “We continue to make strong progress at the Blackjack gold processing plant, with milestones achieved across mechanical, piping, electrical, and commissioning readiness activities during the quarter. Refurbishment works on the ball mill,…

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Heliostar on track to meet projections after reactivating Mexican mine

Heliostar is on track to meet its 2025 production, sales, and cost guidance by restarting its La Colorada gold-silver mine in Sonora, Mexico, in early January. The company reported 9,082 oz of gold equivalent production and 8,034 oz of sales during the first quarter. Sales of 31,000–41,000 oz of gold equivalent are projected for this year. Full story.

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Newmont completes non-core divestiture program

Global miner Newmont has finalized the previously disclosed sales of its Akyem operation in Ghana and its Porcupine operation in Canada, marking the completion of the miner’s divestiture program announced last February. “Today, I am pleased to announce the successful completion of our non-core asset divestiture program with the sale of Akyem and Porcupine, generating total after-tax cash proceeds of…

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