Newmont has agreed to sell its Cripple Creek & Victor operation in Colorado to SSR Mining for up to $275 million in cash consideration. The mine is expected to add 170,000 ounces in annual gold production to SSR’s platform. Full story.
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Black Cat Syndicate has confirmed the first gold doré has been poured from Myhree ore mined at its Kal East gold project in Kalgoorlie, Western Australia. Pre-strip and ore production commenced on 26 July. “Excellent progress is being made on all fronts as we continue the pre-strip and the gold production build,” said Managing Director Gareth Solly. “The first ore…
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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…
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Canadian-based Borealis Mining has completed its first gold pour of 2024 from its on-site ADR facility in Hawthorne, Nev. Full story.
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Golconda Gold has commenced mining at, and delivered its first ore to the processing plant, from Princeton Top, a key step in its development plan to significantly increase production at its Galaxy gold mine in South Africa. “The commencement of mining at Princeton Top is ahead of schedule and is a testimony to our hard-working team at Galaxy,” said Nick…
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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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Couer Mining has confirmed a number of crucial milestones for its Rochester expansion project in Nevada, including initial production of silver and gold. Full story.
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Cerrado Gold has poured its first gold from its new heap leach gold production project at the Las Calandrias area in Argentina. Mining and stacking operations are at planned capacity, and gold production is expected to steadily increase as the retention period for the stacked ore is reached, allowing the project to reach design capacity during the third quarter of…
Read MoreThe Andean nation of Colombia is reportedly finalising a launch of a national mining company and a new state-owned mining company as royalties rise in the region. The government’s National Mining Agency (NMA) told Reuters last week that Colombian president Gustavo Petro has vowed to reform the mining sector, focusing on critical minerals for the energy transition, like copper. While…
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Mid-tier gold miner IAMGOLD Corp. has entered into a definitive agreement with Zijin Mining to sell its 95% interest in Rosebel Gold Mines N.V. for cash consideration of US$360 million and release of its equipment lease liabilities amounting to $41 million. Rosebel holds a 100% interest in the Rosebel gold mine and a 70% participating interest in the Saramacca mine,…
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