Newmont has agreed to sell its Musselwhite gold mine in Ontario, Canada, to Vancouver-based Orla Mining for up to US$850 million in total consideration. Full story.
Read MoreNewmont offloads Musselwhite to Orla Mining
Tag: gold mine
Functionality of Fiber with the Simplicity of Coax
StrataConnect DigitalBRIDGE™ is a multi-functional Power-over-Ethernet (PoE) coaxial cable network that is ideal for extending fiber optic networks into the mine’s working section. Full story.
Read MoreResolute Mining CEO held in Mali amid tax dispute
Photo: Resolute Mining Resolute Mining CEO Terry Holohan and two other colleagues are being held in Bamako, Mali, as the military-led government presses the Australian-based company to pay back taxes on its Syama gold mine, reported Business Insider Africa. The government insists that Resolute allegedly owes 100 billion CFA francs ($162 million) in taxes identified in a sector-wide audit, according…
Read MoreCoeur Mining to acquire SilverCrest Metals
U.S.-based Coeur Mining has entered into a definitive agreement to acquire North American peer SilverCrest Metals, adding the Las Chispas underground mine in Sonora, Mexico, to its portfolio. Under the terms of the agreement, a wholly-owned subsidiary of Coeur will acquire all of the issued and outstanding shares of SilverCrest pursuant to a court-approved plan of arrangement. The transaction is…
Read MoreLandslide collapses illegal gold mine
At least 15 were killed at an illegal gold mine in Indonesia’s province of West Sumatra, following a landslide caused by heavy rains, reported Reuters. Three people are confirmed injured, while several others are still missing. Irwan Efendi, the head of the provincial disaster agency, estimated there were probably 25 people in the mine at the time of the incident.…
Read MoreDozens dead as violence erupts near PNG gold mine
Violent attacks between illegal settlers and local landowners near Barrick Gold’s Porgera mine in Papua New Guinea has killed at least 20 people, reported Reuters, with other news outlets citing at least 30 dead. The government has granted police emergency powers, including the use of lethal force, to contain the violence. Local media has reported that Barrick has temporarily halted…
Read MoreCommercial production at Tocantinzinho
G Mining Ventures has declared commercial product at its Tocantinzinho gold mine in Para state, Brazil, both on time and on budget, in less than two years. During August 2024, the mill operated at 76% of nameplate throughput, processing a total of 304,312 ore tonnes (9,817 t/d) at a recovery rate of 88%. Tocantinzinho is engineered to have a 10.5-year…
Read MoreEquinox Gold celebrates Greenstone opening
Equinox Gold held an official opening of its Greenstone gold mine in Geraldton, Ontario, Canada, on August 29, which included remarks from the mine’s Indigenous Partners, government dignitaries and Equinox Gold’s leadership team. Full story.
Read MoreDominican Republic to create state miner
The Dominican Republic said it will create a state mining firm – Empresa Minera Dominicana S.A., or Emidom – to explore, exploit and run economic viability studies on the nation’s key mining resources, reported Reuters. The news agency said the miner will be able to negotiate contracts and alliances with international firms and it will have a nine-member board, led…
Read MoreVictoria Gold’s Eagle mine enters government receivership
Victoria Gold has received an application for receivership from the Yukon government for its Eagle gold mine following a heap leach failure at the site on June 24. Full story.
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