Newmont sells Ontario mine to Orla for $850 million
The addition of the Musselwhite mine to its portfolio elevates more than doubles Orla Mining's gold output to 300,000 ounces per year.
G-Resources Group(HKSX:1051) has announced an increase in estimates of its gold and silver deposits at Martabe in Indonesia.
The Tor Uluala deposit in Martabe is now estimated to harbour 920,000 ounces of gold and 7,810,000 ounces of silver, with average grades of 0.9 g/t gold and 7.7 g/t silver.
G-Resources’ JORC compliant Martabe mineral deposits are now estimated to contain 8.05 million ounces of cold and 77.0 million ounces of silver.
According to G-Resources CEO Peter Albert “this upgraded resource at the Tor Uluala deposit clearly demonstrates the upside in and around the existing ore bodies. We expect further upgrades at exploration drilling continues.”
