Category: Leading Developments

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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Capstone Plans to Achieve 20% Growth by 2021

Capstone Mining Corp.’s 2019 actual production was above the midpoint range of 145 million to 160 million lb of copper and actual costs were below the bottom end of the guidance range of $1.80/lb-$2/lb payable copper. In 2020,...

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Kinross Completes Acquisition of Chulbatkan

Kinross Gold Corp. has completed its previously disclosed acquisition of Chulbatkan, a high-quality, heap-leach development project in Russia, from N-Mining Ltd. for total fixed consideration of $283 million. The company has now...

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Lucara Going Underground at Karowe Diamond Mine

Lucara Diamond Corp. has reported the results from a feasibility study that support development of an underground mine beneath the currently mined open pit at its Karowe diamond mine in Botswana. The company expects the...

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US Partners With Australia on Critical Minerals

On November 18, the United States and Australia formalized their partnership on developing both nations’ critical mineral assets by signing a project agreement between Geoscience Australia CEO James Johnson and U.S. Geological...

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Granite Creek to Acquire Interest in Copper North

Granite Creek Copper Ltd. has entered into an agreement to acquire more than 26.1 million shares of Copper North Mining Corp., representing approximately 30% of the outstanding Copper North shares, in consideration for more than...

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