The government is looking into an application by Barrick Niugini Ltd, a joint venture between Barrick and China's Zijin Mining Group.

Crews are already on the site conducting mapping, sampling and prospecting work.

This is not the first time that operations at Rosebel were involuntarily suspended.

Gold recoveries of between 65% and 80% and silver recoveries between 15% to 40% were achieved.

Wesdome plans to have an updated Kiena resource by the end of this year.

Yesterday, the Fed trimmed down the interest rates. This was widely expected – yet a blunt ruling out of an extended easing cycle wasn’t.

The Silangan project, originally slated to begin production by 2018, was hit by a ban on new open-pit mining introduced in 2017.

The firm has also completed a definitive feasibility study for its Serrote copper-gold project in Brazil.