Queensland explorer Great Divide Mining has entered into a joint venture with Adelong Gold and its subsidiary, Challenger Mines, to recommence operations at the historic Adelong gold mine in New South Wales. “GDM was formed to rapidly evolve into a cash-flow mining business. This agreement sets us squarely on the path to producing our first gold in the near-term,” said…
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Westgold Resources and Karora Resources have merged to create a leading mid-tier gold producer operating exclusively in Western Australia with a pro forma market capitalization of A$2.5 billion. “Today marks the next phase of Westgold’s evolution into a larger, unhedged and well-funded Australian gold producer,” said Westgold Managing Director and CEO Wayne Bramwell. “Our value proposition is significantly enhanced with…
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China’s Zhaojin Capital, a unit of Zhaojin Mining, has won control of Australian-based gold producer Tietto Minerals after a six-month takeover battle that values the latter at A$733 million ($474.62 million), reportedReuters. Zhaojin’s original offer of A$0.58 per share was increased on 15 April to A$0.68 per share and declared “best and final” offer. Tietto’s board said it believed the…
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Senior gold producer B2Gold has finalized its C$1.2 billion acquisition of Sabina Gold & Silver, which gives the company control of the Back River Gold District located in southwestern Nunavut, Canada. Consisting of five mineral claim blocks along an 80-kilometer belt, the district is home to the fully permitted, construction-ready Goose project. The project contains measured and indicated mineral resources…
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Latin American gold producer Mineros has confirmed the temporary suspension of operations at its Nechi alluvial property in the Bajo Cauca region due to ongoing protests. The miner said on 10 March that the protests have been active since 2 March and are being conducted by groups not associated with it. The disruptions are against measures being taken by the…
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Canadian-based Orla Mining has completed the previously announced acquisition of Gold Standard Ventures by way of court-approved plan of arrangement. Read full article.
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Perth-based gold producer Wiluna Mining has confirmed the first shipment of its concentrate from its complex in the Northern Goldfields to two off-take partners, Polymetal International and Trafigura. Read full article from The Asia Miner.
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Kinross Gold confirmed that, as of 23 February, its operations in Russia continue to operate according to plan and are at this point unaffected by new sanctions announced by the U.S this week. The senior gold producer, which has operated mines in the region for more than 25 years, said it has “previously managed through similar situations” in the past…
Read MoreSouth African gold producer Harmony Gold has confirmed the deaths of two of its workers at the Kusasalethu mine near Carletonville, Gauteng province following a “seismic event” that led to a ground fall. The company said the incident occurred during the early morning hours of Oct. 21 local time. The identities of the fallen have not been released. The miner…
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Vancouver-based PureGold Mining has achieved commercial production at its PureGold operation in Red Lake. The milestone was met August 1, the producer said, following a successful commissioning. Read full article in North American Mining Magazine.
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