The centre said the growth is due to new mines – Agnico Eagle’s Meliadine mine in Nunavut, Victoria Gold’s Eagle project in Yukon, and Eldorado Gold’s Lamaque in Quebec. These projects will be responsible for increased output through 2019.
New Gold has its eye on a 2021 start-up for its Blackwater project, and Taseko Mines is planning a 2022 start for its New Prosperity. The latter three projects are all located in British Columbia.
Together, these six mines have a potential output of over 2.2 million oz. annually. That production will offset several closures – the Minto and Taylor mines in 2021, and in 2022 the Croinor and Touquoy mines.
Canada was the fourth largest gold producer in the world, behind China, Australia and Russia.
Ongoing anti-mining protests in Peru, triggered by the recent approval of a now halted construction permit for Southern Copper’s (NYSE:SCCO) $1.4 billion Tia Maria project in Arequipa, have extended to Anglo American and Mitsubishi’s $5 billion Quellaveco project, in the neighbouring region of Moquegua.
Africa’s largest money manager sees “significant investment opportunities” in West African gold mining as the industry at the southern end of the continent declines.
K92 Mining (TSXV: KNT) reported on Thursday its operating and financial results for the second quarter, during which the Vancouver-based gold miner saw record tonnes processed and achieved total production of 19,652 oz gold-equivalent (AuEq) from the Kora North deposit with cash costs of $551/oz gold and AISC of $681/oz gold.
The government of Armenia published Wednesday the results of a long-awaited public audit on Lydian International’s (TSX:LYD) Amulsar gold project, which states there are no grounds for criminal proceedings against the company.
Australia’s Northern Star Resources (ASX:NST) has been signalled as the frontrunner to acquire Barrick Gold’s (TSX:ABX)(NYSE:GOLD) 50% stake in the Super Pit, once the country’s biggest open-pit gold mine, located in Kalgoorlie, Western Australia.
The Odisha Mining Corporation Ltd intends to sell various grades of chrome ore (friable) produced at South Kaliapani chromite mines and Sukrangi chromite mines of OMC Ltd in the Sukinda valley of JK Road Region, Jajpur Dist Odisha.