BMC tables updated feasibility for ‘silver-dominant’ mine in the Yukon

Negotiations start against the backdrop of stark declines in the industry that was once the world’s largest.

Ravenswood mine is now expected to end operations in 2031, with an average production of about 115,000 ounces of gold per year.

The U.S. election of Donald Trump lit a fire under metals markets in 2016 as investors took a liking to his pro-business agenda. Now, copper and other metals are tanking as Trump’s trade war against China threatens to derail economic growth.

"A tiger by the tail."

Jonathan Henry has resigned from his position as President, CEO and as a Director of Gabriel to pursue other opportunities with immediate effect, the company said.

Implats isn’t the only one facing difficulties, with about half of the industry’s production estimated to be unprofitable.

Even after two years of gains, industrial metals trade well below 10-year mean prices. Silver looks cheap, but gold, crude may be fully priced already.

111,340 oz of gold produced in the second quarter.

Targeting close or ready for production.