Fortuna pours first gold at Lindero, shares up

The Honduran subsidiary of Aura Minerals has angered the citizens of the town of Azacualpa by removing over 350 corpses from a cemetery to make space for its San Andres open-pit gold mine.

The agreement is aimed at ensuring that the Indigenous group receives a share of the mineral tax revenue collected from the Brucejack Gold Mine.

The project joins two mines - one belonging to Goldcorp and the other to Teck Resources.

Companies have said the cycle of double-digit, above-inflation pay hikes cannot be sustained, unless prices rise considerably.

The mine, behind schedule ever since it began producing in May 2014, has been affected by a series of technical problems in its ramp-up phase, costing its owners hefty impairment charges.

Decision follow relentless protests in a town near the mine, where locals accuse the company of polluting their source water and the air, causing humans and animals respiratory illnesses, miscarriages, birth defects and disabilities.

Megastar Development wants to buy the Rama de Oro project located in the state of Oaxaca.

Randgold Resources said today its 2018 production guidance remained intact despite a softer first quarter in which it contended with multiple challenges.

Seven mining companies submitted a proposal to the Mines Ministry insisting that the government reinsert a stability clause, contained in the 2002 code.