Saudi Arabia nears $1bn deal for stake in Barrick’s Reko Diq

The Horne 5 mine is to be developed below the historic Horne mine, which was operational from 1927 to 1976.

Terronera has proven and probable reserves of 7.4 million tonnes grading 197 g/t silver and 2.25 g/t gold.

Its overall production target for 2024 is set at 343,000-360,000 gold-equivalent ounces.

On an adjusted basis, the company earned 27 cents per share for the three months ended Dec. 31.

Four passengers and two crew members died after a small Jetstream aircraft on its way to the company's Diavik mine crashed shortly after take-off.

Codelco's production has slumped to its lowest level in 25 years due to operational problems and delays in its expansion projects.

So far 77 listed mining companies, including the world's largest BHP and Rio Tinto, have signed up to a tougher code of conduct.

Once developed and approved, the Upper Calliope solar farm will have the potential to cut down Rio's operating carbon emissions by 1.8 million tonnes per year.

Revenue declined to $243.7 million from 2.7 million carats sold at an average value of $90 per carat.