Category: Leading Developments

OceanaGold Reports Positive PEA for Waihi District

OceanaGold has announced the results of a preliminary economic assessment (PEA) of development of four mining projects in the Waihi district on the North Island of New Zealand. The projects include Martha Underground (MUG),...

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Zijin Acquires Guyana Goldfields

The mystery buyer for Guyana Goldfields was revealed to be China-based Zijin Mining. The two companies announced the binding arrangement agreement on June 12, where Zijin will acquire Guyana Goldfields for C$1.85 a share in...

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B2Gold Reports Record Quarter for Gold Production

B2Gold Corp. said it continues to focus on its COVID-19 response measures and to date has not experienced any incidents of the COVID-19 virus at its sites or corporate offices. It recorded consolidated gold production of 250,632...

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Argonaut Gold, Alio Gold Agree to Merge

Argonaut Gold and Alio Gold have entered into a definitive agreement for an at-market merger whereby Argonaut will acquire all of the issued and outstanding shares of Alio. Argonaut is a Canadian company whose primary assets are...

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Russian Platinum Backs Out of JV With Norilsk Nickel

Norilsk Nickel, the world’s largest of palladium and high-grade nickel and a major producer of platinum and copper, reported that Russian Platinum has notified the company of its decision to terminate the negotiations regarding...

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RUSAL Sees Revenue Decrease 5.5% for 2019

Aluminum producer RUSAL’s revenue for the year that ended December 31, 2019, decreased by 5.5% to $9.71 billion as compared to $10.28 billion for 2018. The company said the decrease in the price for aluminum in the last year was...

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Strong Q4 Caps Good Year for Barrick

Barrick Gold Corp.’s gold production for 2019 of 5,465,000 ounces (oz) was at the top end of its guidance range while copper production of 432 million pounds was above the guidance range, the company reported. The company...

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BHP South Flank Builds Ore Handling Plant

Fluor Corp. has erected the first 1,500 tons of modules at BHP’s South Flank ore handling plant. The company said the “milestone” was a critical step to first ore and follows the announcement in October of the project meeting...

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