South Africa’s National Union of Mineworkers (NUM) said it had agreed a wage deal with Sibanye Stillwater’s gold operations after months of negotiations, reported Reuters. The miner agreed to increase monthly pay for its lowest paid workers by 900 rand ($50.91), while miners, artisans and officials would get a 5.5% raise, NUM said. The one-year agreement is set to be…
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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…
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Precious metal miner Hochschild Mining has reached commercial production at its Mara Rosa gold operation in Goias, Brazil. The milestone was met 13 May. During this month, the Mara Rosa processing plant operated at an average throughput of approximately 90% of its nameplate capacity of 7,000 tonnes per day and exceeded 80% average recoveries. The ramp-up is on schedule to…
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Australian contractor Macmahon has confirmed the receipt of a three-year mining services contract with AngloGold Ashanti for its Boston Shaker underground gold operation in Western Australia. The deal, worth A$352 million, now extends its alliance partnership to 1 May 2027 and is expected to generate revenue of $117 million annually. It has been providing services to AngloGold’s Boston Shaker since…
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Newmont Mining has selected lifting systems supplier Boom Logistics for a contract at its Boddington gold operation in Western Australia. The five-year contract is expected to generate revenue of A$60 million. It will be effective in the fourth quarter of this year. The details of the systems to be utilised weren’t disclosed. Boom CE Ben Pieyre said the deal builds…
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Quebec-based Abcourt Mines said the mill at its Sleeping Giant underground gold operation in the Abitibi region of the province restarted processing on February 13. Full story.
Read MoreA group of 15 workers from a small-scale gold operation in Zimbabwe have been rescued alive after a shaft collapse, according to local media citing Mines Minister Soda Zhemu. Bloomberg and Reuters both reported that the incident occurred 5 January at the Redwing gold mine east of Harare, which is owned by Metallon Corp. Zhema, which spoke at the scene,…
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Gold and copper producer OceanaGold has mined first development ore from the Horseshoe underground mine within its Haile gold operation in Kershaw, S.C. The company said it is on track to deliver first stope ore in October with ramp-up to occur through the first half of 2024. Full story.
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Authorities reportedly revealed late last week that 31 illegal miners at a shuttered South African gold operation perished in a methane explosion – an incident that occurred nearly a month ago, brought to light only when family members reported them missing. According to an Associated Press report, all of the workers – believed to be from the county of Lesotho…
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UK-headquartered Hummingbird Resources announced the first gold pour from its Kouroussa gold operation in Guinea occurred on 8 June. The achievement, made on time and on budget, comes after the start of commissioning in early May. The mine will now ramp up to commercial production levels during the second half of this year. Kouroussa – which currently has a ROM…
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