Centerra receives permits to restart Kumtor
Centerra Gold (TSX: CG) has received approvals and permits to restart open-pit mining at its Kumtor operation in the Kyrgyz Republic. The Kyrgyz state agency has approved Centerra’s 2020 mine…
Gold
Teranga discovers new zone at Golden Hill
The latest exploration results from Teranga Gold’s (TSX: TGZ) Golden Hill project located within the Hounde greenstone belt in Burkina Faso indicate a new discovery at the Ma Jonction prospect…
Unigold traces oxides over 800 metres at Neita
Unigold (TSXV: UGD) has released the results of 28 holes testing oxide resource potential at its 226-sq.-km Neita concession in the Dominican Republic. The drilling has confirmed oxide mineralization over a…
Resolute sells Ravenswood to focus on Africa
Resolute Mining (LSE: RSG) is selling its Ravenswood gold mine in Queensland — its only Australian asset — to private equity firm EMR Capital Management for US$207 million in cash….
Marathon upgrades Valentine resource
Marathon Gold’s (TSX: MOZ) latest resource update for the Valentine project features total measured and indicated resources of 54.9 million tonnes grading 1.75 grams gold per tonne gold for a…
Gran Colombia Gold to spin off Marmato project
Gran Colombia Gold (TSX: GCM) expects to complete in February the spin-off of its Marmato project, located in Colombia’s department of Caldas, into a separately listed company, executive chairman Serafino…
TMAC launches strategic review of Hope Bay
Production in the fourth quarter at TMAC Resources’ (TSX: TMR) Hope Bay mine in Nunavut were at the low end of expectations, and the company has begun a strategic review…
Minera Alamos begins construction of Santana mine
Minera Alamos (TSXV: MAI) has started construction of its Santana open-pit, heap-leach mine in Sonora state and expects to transition from a developer to gold producer this year. “This is…
Eldorado discovers new zone at Lamaque
Eldorado Gold (TSX: ELD; NYSE: EGO) has discovered a new gold mineralization zone, the Ormaque zone, at its Lamaque gold operations. Drill highlights include 27 metres of 10.2 grams gold…
Iamgold’s Stephen Letwin to retire
Iamgold (TSX: IMG; NYSE: IAG) has announced that CEO Stephen Letwin will retire at the end of February after a decade at the company. Gordon Stothart, the company’s president and…
Wesdome guides for up to 100,000 oz. gold in 2020
Wesdome Gold Mines (TSX: WDO) has issued production guidance of 90,000 oz. to 100,000 oz. gold for 2020. Last year’s production of 91,688 oz. was in line with prior guidance…
Endeavour Mining ends takeover talks with Centamin
Endeavour Mining (TSX: EDV) has walked away from a potential 1.47 billion lb. (US$1.9-billion) acquisition of Centamin (TSX: CEE; LON: CEY), citing lack of information on the targeted company’s assets….