Appian backs Atlantic’s Barrick mine buyout with $150M
U.K. private-equity firm Appian Capital Advisory said on Wednesday it has provided a US$150 million financing package to support the Atlantic Group’s buyout of a West African gold mine from…
gold production
First Majestic production climbs on record silver output
First Majestic Silver (TSX, NYSE: AG) said total production rose 39% in the third quarter as the Canadian miner churned out the most silver in its history. Shares hit their…
Barrick to sell Tongon mine to Atlantic for up to $305M
Barrick Mining (TSX: ABX; NYSE: B) agreed to sell its stake in the Tongon gold mine and certain exploration properties in Côte d’Ivoire to the Atlantic Group for up to…
Torex hits record as high-grade gold booked in Mexico
New high-grade structures discovered by Torex Gold Resources (TSX: TXG) during drilling at its ELG underground mine in Mexico could help the company achieve a goal of extending the deposit’s operating…
Perseus gets Côte d’Ivoire OK to build gold mine
Perseus Mining (ASX, TSX: PRU) said it’s received presidential approval to develop and operate Côte d’Ivoire’s first underground mine. Shares rose. Côte d’Ivoire President Alassane Ouattara signed the decree authorizing…
Newmont to delist from TSX, citing low volumes
Gold mining giant Newmont (TSX: NGT; NYSE: NEM) said it plans to voluntarily withdraw its common shares from the Toronto Stock Exchange due to low trading volumes. The delisting is…
Galiano halts Ghana deposit work after clash
Galiano Gold (TSX, NYSE-A: GAU) says it temporarily suspended operations at the Esaase deposit at Ghana’s Asanko mine after one person died Tuesday during a clash between soldiers and area…
Jaguar receives federal permit for Brazil mine restart
Jaguar Mining (TSX: JAG) has received federal authorization to begin preparatory work for the restart of its Turmalina underground gold mine in Minas Gerais, Brazil, with operations expected to resume…
Capstone OKs $176M Chile copper spend despite rise
Capstone Copper (TSX: CS; ASX: CSC) said it’s going ahead with the costlier-than-planned expansion of a sulphide concentrator at its Mantoverde property in Chile in a move that will add…
Centerra OKs Goldfield mine in Nevada after all
Centerra Gold (TSX: CG; NYSE: CGAU) said it’s moving ahead with development and construction of its Goldfield project in Nevada after rising gold prices boosted estimated returns. Using a long-term…
Orla cuts output target after Mexico wall slide
Orla Mining (TSX: OLA; NYSE: ORLA) said it will produce about 5% less gold than planned this year at higher costs after deferring some production following last month’s pit-wall failure at the…
B2Gold starts underground mining at Fekola in Mali
B2Gold (TSX: BTO; NYSE-A: BTG) said it began underground production at its flagship Fekola mine in Mali immediately after receiving approval from the government. The stock rose. The approval, which took effect…