Kyrgyzstan to temporarily take over Centerra’s Kumtor mine
Lawmakers in Kyrgyzstan, home to major gold and copper mines, have passed a law allowing the state to temporarily seize Centerra Gold’s (TSX: CG) Kumtor mine, the largest gold operation in…
Centerra Gold
Surge updates resource for Berg deposit in B.C.
After acquiring the option to earn up to a 70% interest in the Berg property in central B.C. last December, Surge Copper (TSXV: SURG) has now updated a historic resource…
Equinox adds to Hardrock stake in Ontario
Growing gold miner Equinox Gold (TSX: EQX; NYSE: EQX) has upped its stake in the Hardrock gold project in Ontario by 10%, for a total ownership of 60%. The company…
Political turmoil in Kyrgyzstan raises risks for miners
Mining — more than most industries — relies heavily on infrastructure and institutions at locations where operations are based. The ongoing political chaos in Kyrgyzstan, which saw thousands take to the streets in…
Centerra raises dividend after profits double
Centerra Gold (TSX: CG) announced that the company recorded net income of US$80.7 million, or 27¢ per share, for the second quarter of 2020, more than double the US$33.4 million,…
SRK panel discusses mine closure at Canadian Mining Symposium
The first thought leadership panel at The Northern Miner’s Canadian Mining Symposium in mid-June featured an illustrious group of mining experts who discussed the social impact of mine closures. The…
Exploration Snapshot: Eight gold companies mining in Canada
Canada’s prolific geological terrain and adherence to the rule of law position the country as a go-to destination for companies looking to establish and operate mineral projects. A fall in…
Steppe Gold fires up ATO mine in Mongolia
Steppe Gold (TSX: STGO) is on track to produce 60,000 oz. gold this year at cash costs of US$500 per oz. from its heap leach mine in Mongolia, after starting…
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…
Chaarat to buy Kapan mine as part of ex-USSR consolidation strategy
Chaarat Gold Holdings (LON: CGH) struck a deal at the end of October to acquire the Kapan gold mine in Armenia from Polymetal International (LON: POLY) for US$55 million. The…
Barrick takes strategic stake in Midas Gold
In the latest of a series of strategic investments in junior mining companies, Barrick Gold (TSX: ABX; NYSE: ABX) is acquiring a 19.9% stake in Midas Gold (TSX: MAX; US-OTC:…