Pan American, Agnico Eagle throw wrench in Gold Fields-Yamana deal
Pan American Silver (TSX: PAAS; NASDAQ: PAAS) and Agnico Eagle Mines (TSX: AEM; NYSE: AEM) have announced a rival offer for Yamana Gold (TSX: YRI; NYSE: AUY), throwing Gold Fields’…
Africa
Barrick falls to new 12-month low as Q3 profit drops on lower output, higher cost
Canada’s number-one gold producer Barrick Gold (TSX: ABX; NYSE: GOLD) has reported a sharp drop in third-quarter earnings as lower production and higher costs weighed on its September-quarter financial results….
Diamond trade watchdog mulls fate of Russian gems
The Kimberley Process (KP), an international scheme that certifies rough diamond exports, is expected to decide this week whether Russian diamonds should be declared conflict gems. Members of the KP…
B2Gold, AngloGold put Gramalote project in Colombia up for sale
Canada’s B2Gold (TSX: BTO; NYSE-AM: BTG) and South Africa’s AngloGold Ashanti (NYSE: AU; ASX: AGG) have decided to put their US$925-million Gramalote gold project in Colombia up for sale before…
Newmont maintains guidance despite softer Q3 results
The world’s largest gold producer by volume and market cap Newmont (TSX: NGT; NYSE: NEM) says it is maintaining the full-year production guidance despite a weaker September-quarter performance. Newmont said…
Sibanye-Stillwater mulls cutting thousands of jobs at gold mines in S. Africa
Precious metals miner Sibanye-Stillwater (NYSE: SBSW) may axe more than 2,000 jobs at some of its gold mines in South Africa as part of a restructuring of those operations struggling to make…
RANKED: The world’s top 10 most valuable mines
The mining industry relies on a relatively small number of giant deposits to fuel growth — and new discoveries of this nature are few and far between. A ranking of…
JV Article: Sanu Gold intersects significant gold mineralization in pro-exploration Guinea
Sanu Gold (CSE: SANU), a Vancouver-based exploration company, isn’t wasting time or money. Three months after listing on the Canadian Securities Exchange, the company has announced assay results from the…
Spac started by ex-Rusal M&A wiz hunts for green metals giant
ACG Acquisition (LSE: ACG), a new company founded by a mining executive who helped create aluminum giant Rusal, says it plans to buy a critical minerals producer valued at several…
Ivanhoe awarded new exploration rights next to Platreef project on South Africa’s Bushveld Complex
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has been granted three new highly prospective exploration rights covering a total surface area of 80 sq. km adjacent to the company’s Platreef project…
First Quantum posts disappointing Q3, revises guidance on Kansanshi struggles
First Quantum Minerals (TSX: FM) has reported considerably lower third-quarter financial results, citing margin compression because of a declining copper price, cost inflation, and challenged performance from its Kansanshi copper…
Aya secures US$100M financing for Zgounder mine expansion, shares rise
Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) has secured a US$100 million debt financing package to support the expansion of its Zgounder silver project in Morocco. The financing package comprises…