Barminco awarded A$450 million, three-year mining contract extension at Sunrise Dam

Tuvatu is slated to produce about 331,400 oz. per year over a five-year life.

The combined company will be managed by the team that discovered and developed the Brucejack mine.

The decrease in revenue was mainly due to lower taxes, ministry data showed.

The highly toxic metal was used to produce 127 tons of gold, reported in areas holding wildcat mining permits.

Traders are currently pricing in about a 59% chance of a Fed rate cut in September, according to CME FedWatch.

Atlanta is on the site of a past-producing open-pit gold mine where Standard Slag produced 110,000 oz. of gold and 800,000 oz. of silver.

The company has already sold zinc assets in Peru, and some of its smaller copper operations.

Highlight intercepts include 137.5 metres grading 0.44 gram gold per tonne and 18.7 metres of 0.97 gram gold.

The company currently anticipates Q2 2024 production to be between 55,000 and 60,000 gold ounces.