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Barrick Gold (TSX: ABX; NYSE: GOLD) has withdrawn its 2020 guidance for its 47.5%-owned Porgera mine after placing it in temporary care and maintenance on April 27.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…
South America
INV Metals revises feasibility study on Loma Larga in Ecuador
INV Metals (TSX: INV) moved into Ecuador seven years ago when it acquired a 100% interest in the Quimsacocha concession from Iamgold (IMG: TSX) in an all-share deal valued at…
Equinox Gold tables PEA for underground development at Aurizona
Equinox Gold (TSX: EQX; NYSE-AM: EQX) has released the results of a preliminary economic assessment (PEA) on an underground development within its Aurizona mine site in northeastern Brazil. The early-stage…
GoldMining publishes maiden resource for Yarumalito in Colombia
GoldMining (TSX: GOLD; US-OTC: GLDLF) has released a pit-constrained maiden resource estimate for the Yarumalito project, 75 km southwest of Medellin, Colombia, with total inferred resources of 66.3 million tonnes…
US markets fall, April 27-May 1: Vale, Barrick
The Dow Jones Industrial Average fell 0.22%, or 51.58 points, to 23,723.69, and the S&P 500 dropped 0.21%, or 6.03 points, to finish the trading week at 2,830.71. Spot gold…
COVID-19 disrupts US$6.9B of global mining output, S&P Global says
COVID-19 has impacted the mining industry across the globe as governments enforce lockdowns and quarantines and companies halt operations because workers and contractors can’t get on-site due to restrictions. S&P…
Silver miners hit hard by lockdowns, GlobalData says
Since mid-March, the response of governments worldwide to the COVID-19 pandemic has led to disrupted mining activities across the globe. Thirty-two countries have passed partial or complete lockdown orders, leading…
First Quantum lowers 2020 guidance
With its Cobre Panama mine on care and maintenance since April 7, First Quantum Minerals (TSX: FM) has reduced its copper guidance for the year by 75,000 tonnes to 755,000-805,000…
Extended lockdowns hit copper production
Peruvian copper mine Antamina, owned by BHP (NYSE: BHP; LSE: BHP) and Glencore (LSE: GLEN), has reported 210 positive cases of coronavirus and said the date to restart operations is…
Rio Tinto boosts budget for Citadel copper project in Australia
Rio Tinto ( NYSE: RIO; LSE: RIO) will spend a further A$9.2 million (US$5.9 million) on exploration at the Citadel copper-gold project, a joint venture with junior Antipa Minerals (ASX:…
Silvercorp to buy Guyana Goldfields in $105M deal
Silvercorp Metals (TSX: SVM; NYSE: SVM) is buying Guyana Goldfields (TSX: GUY) in a $105 million (US$75 million) cash and stock deal that creates a diversified precious metals producer with…
South America divided on coronavirus measures
South American countries have taken varying approaches to containing the spread of COVID-19, ranging from leaving it to states and cities to handle the virus to implementing aggressive lockdowns and…