Category: Leading Developments

Gold Bar Achieves Commercial Production

McEwen Mining Inc. has achieved commercial production at the Gold Bar mine in Nevada, USA. Production guidance for 2019 is 50,000 gold ounces at an AISC of $975/ounce. Gold recoveries from the heap leach are tracking well...

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Ma’aden Building 250,000-oz/y Gold Project

The Saudi Arabian Mining Co. (Ma’aden) is proceeding with construction of its Mansourah & Massarah gold project in the Central Arabian gold region. The project includes two open-pit mines and a central processing plant. At...

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Lynas Rejects Wesfarmers $1.5B Takeover Bid

Lynas Corp., the largest rare earth metals producer outside of China, said no thank you to an unsolicited bid of A$1.5 billion from Wesfarmers. The board said it had evaluated the A$2.25/share proposal and thought it undervalued...

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Jervois Mining, eCobalt Will Combine 

Jervois Mining Ltd. and eCobalt Solutions Inc. have entered into an arrangement to combine. In the transaction, Jervois will acquire all of the issued and outstanding common shares of eCobalt that Jervois does not already own....

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Nevada Tops Fraser’s 2018 Mining Survey

Fraser Institute’s annual survey of mining companies, published February 28, has ranked Nevada as the most favored jurisdiction in the world for mining investment in 2018, based on the survey’s Investment Attractiveness Index....

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Newcrest Planning Block Cave for Red Chris

Newcrest Mining has announced plans to develop a block cave mine beneath the currently active Red Chris open pit in northwest British Columbia based on an agreement to acquire a 70% joint-venture interest in the mine from...

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3 Junior Explorers Team Up With Producers

Junior exploration companies Red Metal Ltd., Mirasol Resources, and Reunion Gold have teamed up with OZ Minerals, Newcrest International, and Barrick Gold, respectively, to form exploration alliances on the junior companies’...

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Ivanhoe Planning 3 Mines at Kakula-Kamoa Property

Ivanhoe Mines has announced results of a prefeasibility study of an initial 6-million-metric-ton-per-year (mt/y) underground mine on its Kakula-Kamoa copper properties at the western end of the Central African Copper Belt in...

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