North American Palladium Reports Positive Developments

North American Palladium Ltd. recently reported positive exploration results from the Offset South Zone at its Lac des Iles mine property in Thunder Bay, Ontario, Canada. Offset South is located adjacent to the sub-level shrinkage (SLS) mining zone and has the potential to significantly add to the resources currently being mined in that zone. The company has also made significant progress exploring other targets on the property and reported record production last month.

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Sibanye-Stillwater Will Not Close South African Operations

On Monday, Sibanye-Stillwater said it has decided to not close some of its mines in South Africa thanks to operations delivering solid results in the first half of 2017. The company previously indicated that approximately 200,000 ounces to 300,000 ounces of production per year were at risk because conventional shafts in the Rustenburg area remained unprofitable.

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Barrick, Tanzania Reach Agreement to End Acacia Dispute

After months of back and forth, Barrick Gold Corp. and the government of Tanzania have agreed on a framework for a new partnership between Acacia Mining plc and the government where economic benefits from Acacia would be shared with Tanzania on a 50/50 basis. The framework was signed on October 19 in Dar es Salaam following a meeting between Barrick Executive Chairman John L. Thornton and the President of the United Republic of Tanzania His Excellency Dr. John P. Magufuli.

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American Creek Explores Dunwell Properties

American Creek Resources Ltd. has initiated an exploration program on its Dunwell Mine group of properties, located in the “Golden Triangle,” 7 kilometers (km) northeast of Stewart, British Columbia. The objectives of the program include locating adits and other historic workings and planning hole locations for a Phase 1 drill program. The 1,528-hectare Dunwell property includes the past-producing high-grade Dunwell gold mine, which from 1926-1941 produced 45,657 metric tons (mt) averaging 6.63 g/mt of gold, 223.91 g/mt of silver, 1.83 % lead, 4.01% zinc and 0.056% copper.

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