Commentary: Coal mining ends in England, but Earth Overshoot Day points way forward
It has been a difficult week for English mining engineers. A coal open pit closed in Durham on the same day (Aug. 17) as a thought-provoking press release by Global…
Middle East
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,…
Gold miners will struggle to maintain 2019 production levels, Wood Mac says
Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programs halted or cancelled and project disruptions hampering production, the summit is in sight,…
Top 10 Canadian miners by market cap
The Northern Miner presents the top-10, Canada-headquartered mining companies by market capitalization as of late-June, 2020. 1. Barrick Gold Market cap: US$46.56 billion Barrick Gold (TSX: ABX; NYSE: GOLD) has…
SSR Mining and Alacer Gold to merge in all-share deal
Executives at SSR Mining (TSX: SSRM; NASDAQ: SSRM) and Alacer Gold (TSX: ARR; ASX: AQG) started talking about a possible merger of the two companies in November 2019, and completed…
Barrick reports strong Q1; withdraws guidance for Porgera
Barrick Gold (TSX: ABX; NYSE: GOLD) has withdrawn its 2020 guidance for its 47.5%-owned Porgera mine after placing it in temporary care and maintenance on April 27. Work was halted…
Commentary: Gold hits turbulence amid coronavirus disruptions
A key result of the grip of the coronavirus is the severe disruption to the commodity markets on both sides of the supply chain. A major issue that has affected…