Northern Miner Staff

Company has withdrawn its 2020 production, cash cost and capital expenditure guidance for its copper and gold mine in Brazil after a power outage caused damage to all four of the operation’s SAG and ball mill motors.

The lithium enrichment was discovered in the Nisku aquifer, and the company says sampled lithium grades ranged up to 75 milligrams per litre (mg/L).

Company to pay $75,757 for a tailings breach at its Sasa zinc-lead mine in North Macedonia on Sept. 14.

According to GlobalData, all the world’s top gold producers are expected to experience a reduction in output during 2020.

Under the sales agreement, Iamgold will pay TomaGold C$500,000 in cash and C$8 million in shares.

Bank has raised its gold price forecasts to $2,300 per oz. in 2021, $2,200 per oz. in 2022, $2,100 per oz. in 2023 and $2,000 per oz. in 2024.

Fourteen of the Toronto Stock Exchange’s 30 top performers on the TSX30 2020 ranking are mining companies.

Miner has reported that tailings from its Sasa zinc-lead mine have leaked into a local river in northeastern Macedonia. Nobody has been harmed, company stated.

The company announced the results from a new exploration program conducted at the Boussoura project, located in the southern part of the country.

The early stage study outlines a mine life of 10.7 years producing a total of 600.2 million lb. of payable zinc, 230.1 million lb. payable lead, 78.3 million lb. payable copper, 8.1 million oz. payable silver and 38,324 oz. gold at all-in sustaining costs of $0.38 per lb. zinc.