Teranga exceeds guidance, achieves record production

Paulson, who owns about 6% stake in the gold miner, had nominated eight members to the board.

Shares of ATAC Resources plunged 25% on news that Barrick Gold is terminating its earn-in joint venture on the junior’s Orion project.

Workers downed tools in November after the bullion producer announced plans to cut 1,100 jobs at the mine - near a third of its workforce.

Potentially putting an end to a strike that has seen almost half of its employees down tools since mid-November.

The company expects to produce at least 330,000 oz. gold in 2018 at Fosterville.

Together with the acquisition, the Vancouver-based miner will change its name to Norra Metals Corp.

The Toronto-based miner needed to complete a change of land use payment.

Pit constrained measured and indicated resources are 22.4 million tonnes grading 1.13 g/t gold and containing 813,000 oz.

The complex produced more than 1.0 billion lb. of copper and almost 206,000 oz. of gold.