Newmont puts off decision on Yanacocha spend

Newmont is planning to undertake cost-cutting efforts in 2024, and as such has opted to defer its decision of a full funds investment in the expansion of its Yanacocha sulphides expansion in Peru for “at least” two years. Officially, the producer said it wants to “advance…[a] portfolio optimization strategy” that will prioritize other opportunities and support a disciplined capital allocation…

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Heavy rain blamed for deadly Venezuela mine collapse

Venezuelan officials have confirmed the deaths of 12 mine workers and 112 survivors after a gold mine collapse 31 May in El Callao, Bolivar. Per reports in the Daily Mail and Reuters, the mine flooded due to heavy rains, but also that those rains kept rescuers from being able to enter the workings until 3 June. Victims’ bodies were returned…

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Ore deliveries begin at Eastern Borosi

Calibre Mining’s Eastern Borosi gold mine, which officially came online in early April, has now kicked off ore deliveries from the operation to its Libertad mill. Deliveries began this month, president and CEO Darren Hall said, noting that it helped to transition the complex from an exploration district to an exploration centre. “I am very pleased with the progress made,”…

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Bomb attack at Colombian gold mine leaves two dead

A bombing by illegal miners on May 17 at Zijin Mining’s Buriticá gold mine in Colombia killed two people and injured 14. Underground operations at the mine, which is located in the Antioquia province, were suspended following the incident.  “Zijin Mining is deeply shocked and outraged by the attack. We strongly condemn the heinous actions of the criminals and express…

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Hummingbird flying toward Kouroussa Q2 first gold target

Hummingbird Resources has confirmed its Kouroussa gold mine in Guinea has reached the practical completion stage, entering the commissioning phase as it eyes a first gold pour date this quarter. The company said in an operational update with key highlights that it has reached practical completion on priority systems at the mine’s processing plant, and pre-operational and cold commissioning at…

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Aura Minerals commences production at Almas

Aura Minerals said production at its Almas open-pit gold mine in the state of Tocantins, Brazil, has commenced. The mine and plant are currently in operation and the miner expects to achieve commercial production by July. “We have hit a major milestone in our company history today with the start of production of our first ever greenfield project completed in…

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Barrick Gold to test glycine gold leaching

Barrick Gold has agreed to roll out a global testing and implementation program for specialty chemicals company Draslovka’s proprietary glycine gold leaching product – GlyCat. The technology can potentially unlock substantive savings and generate value for Barrick’s operations while also improving its environmental footprint. Starting at the Bulyanhulu gold mine in Tanzania and several other Barrick operations, largescale test work…

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