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Barrick to revise 2019 guidance following Newmont JV

15 March 2019 - 20:01
In the aftermath of the joint venture agreement with Newmont Mining Corp. earlier this week, Barrick Gold Corp. has taken steps to revise its production guidance for 2019. Executive chairman John Thornton and CEO Mark Bristow are currently travelling to update shareholders on the company's post JV operations.

Funds blast Goldcorp chair's 'terrible' $12 million package

15 March 2019 - 19:28
A lucrative retirement package for the chairman of Goldcorp Inc. is raising the hackles of investors ahead of a key vote on the company’s planned merger with Newmont Mining Corp.

Gold-backed ETFs fell in February, following four months of inflows

15 March 2019 - 18:23
After four straight months of inflows, holdings in global gold-backed ETFs and similar products fell in February by 33 tonnes to 2,479t, equivalent to $1.3 billion in outflows, and gold trading volumes decreased 5% below the 2018 averages to $104 billion per day, according to data from the World Gold Council (WGC).

Polish Audit Office blasts KGHM acquisition of Chilean copper mine

15 March 2019 - 18:08
Poland’s Supreme Audit Office (NIK) has lambasted state-controlled miner KGHM (WSE:KGH) for buying Sierra Gorda copper mine in northern Chile, saying that company has spent more than PLN 19.6 billion (about $5.2B) managing the operation and the ore processing plant in the last three years.

Gem Diamonds nets $8.8 million for 13.3 carat pink rock

14 March 2019 - 22:44
Africa-focused Gem Diamonds (LON:GEMD) has sold a 13.33 carat pink diamond recovered at its flagship Letšeng mine in Lesotho last month for $8.8 million.

Operations resume at Goldcorp's Cerro Negro mine in Argentina

14 March 2019 - 22:39
Canada’s Goldcorp (TSX:G) (NYSE: GG) said workers at its Cerro Negro mine in Argentina have returned to work, after an illegal strike at the gold producing operation, the company’s biggest in the South American country.

Gran Colombia’s Segovia gold mine richer than thought

12 March 2019 - 17:32
Gran Colombia Gold (TSX: GCM), the South American country’s largest underground gold and silver producer, has increased the mineral resource and reserve estimate for its Segovia mine, located in the northwestern Antioquia mining district.

Newcrest inks $65-million JV deal with Greatland Gold

12 March 2019 - 17:26
Australia’s largest gold producer, Newcrest Mining (ASX: NCM), continued its deal-making spree Tuesday by setting a joint venture with Greatland Gold (LON:GGP), which will focus on advancing the explorer’s Havieron project in Western Australia's Paterson region.

Newcrest grabs majority stake in Canadian copper-gold mine

11 March 2019 - 19:41
Australia’s largest gold producer, Newcrest Mining, (ASX: NCM) is acquiring a 70% joint-venture interest in Imperial Metals’ (TSX: III) Red Chris copper and gold mine, located in British Columbia, Canada, as part of an ongoing push by the world’s top bullion miners to get even bigger.

Barrick gives up plans to acquire Newmont, will form Nevada JV instead

11 March 2019 - 19:35
Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD) has officially dropped its hostile takeover offer for U.S. rival Newmont Mining (NYSE:NEM) in favour of a friendly deal to create a joint-venture that will combine the two companies’ assets in Nevada.
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