Fruta del Norte, Cobre Panama lead wave of new 2019 mines
As a new year approaches, The Northern Miner runs down 15 of the most interesting new mines scheduled to begin production in 2019. Fruta del Norte (gold) Lundin Gold The Fruta…
Africa
OSC slaps Katanga Mining, CEO, and former board members with $34.4M in penalties
The Ontario Securities Commission has fined Katanga Mining (TSX: KAT) along with former members of its board of directors, including Aristotelis Mistakidis, Glencore‘s (LON: GLEN)’s head of copper trading, for…
US markets trend downward, Dec. 10-14
The gold price fell 0.7% to close the trading week at US$1,238.10. The Philadelphia Gold and Silver Index fell 0.5% to 67.59 and the Dow Jones Industrial Average fell 1.18%…
Newmont forecasts ‘growing margins and reserves’
Newmont Mining (NYSE: NEM) expects its attributable gold production will reach 5.2 million ounces in 2019 and 4.9 million ounces in 2020, while attributable copper production will be 45,000 tonnes…
Exploration Snapshot: Eight companies looking for precious and base metals
While prices for most precious and base metals have been subdued throughout 2018, there has nevertheless been a high level of mineral exploration around the world, as companies seek to…
TSX mixed, Nov. 26-30
Canada’s benchmark index rose 1.24% to end the trading week at 12,197.82. The S&P/TSX Global Mining Index fell 0.19% to 62.58 and the S&P/TSX Global Gold Index fell 1.4% to…
Semafo reports more killings near mines in Burkina Faso
On Nov. 30, Burkina Faso government security forces were attacked on the road between Semafo‘s (TSX: SMF) Fada and Boungou mine, about 40 km away, leaving four gendarmes and a driver…
Newmont’s Subika underground starts commercial production in Ghana
Newmont Mining’s (NYSE: NEM) Ahafo mine in Ghana started producing gold from an open pit in 2006 and now the underground portion of the mine has launched commercial production on…
Eight killed in attack on Foraco camp in Niger
Drilling company Foraco International (TSX: FAR) has reported that a terrorist attack at its camp in Toumour Village in Niger’s remote southeast has left 8 people dead and five wounded….
Lucara brings Clara digital sales platform online
Lucara Diamond (TSX: LUC) announced in October that its new sales platform Clara Diamond Solutions, is ready for its first sale of diamonds in November. The platform is meant to…
US Markets mixed, Nov. 12-16
Gold rose 0.9% to close the trading week at US$1,221.10. The Philadelphia Gold and Silver Index rose 2.9% to 66.08, while the Dow Jones Industrial Average fell 2.2% to 25,413.22….
Kamoto Copper resumes exports after DRC lifts freeze order
Katanga Mining’s (TSX: KAT; US-OTC: KATFF) 75%-owned subsidiary, Kamoto Copper, has resumed importing and exporting materials, including production to and from the Democratic Republic of the Congo, after the government…