Alamos buys back Island Gold NSR royalty, lowers cost guidance
Miner has acquired and cancelled a 3% net smelter return (NSR) royalty payable on production from its mine in Ontario, Canada.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Lundin places zinc expansion on back-burner over coronavirus
The miner said there had been no material impact on production or shipments from any of the company’s operations to date as a result of Covid-19.
Foresight latest US coal miner to file for bankruptcy
Company said a global economic slowdown triggered by the coronavirus epidemic had pushed it over the edge.
Metso-Outotec merger moves forward as hurdles cleared
Former competitors expect to complete the combination June 30, 2020.
Copper Mountain cuts targets amid market rout, virus fears
Miner now expects to produce between 86 and 94 million pounds of copper this year, down from a previous estimate of 100-113 million pounds.
Chile’s main copper mines report mixed results, revenue drop
State-owned Codelco led the drop as it produced 6.8% less in January than in the same month last year.
Vale watching Gongo Soco as wall continues to erode
The miner seeks to prevent any impact the erosion could have on the nearby Sul Superior dam, which remains at highest safety alert level.
Ivanhoe hails progress at Kamoa-Kakula, Platreef
Production at the giant DRC copper mine is slated for the third quarter of 2021.
Barrick boosts inventory of “key commodities” due to coronavirus
Drawing on experience of combating Ebola outbreaks around its mines in Africa, the gold giant has increased emergency response plans.
Amplats declares force majeure, cuts output forecast
The south African miner lowered total platinum group metals guidance for 2020 from 4.2-4.7 million ounces to 3.3-3.8 million ounces.
Deal ends decades-long dispute over Taseko mine in B.C.
Historical deal resolves a complex, long-standing conflict over the New Prosperity mineral tenures.