Mali’s unmined gold reserves hold steady on new discoveries

Disappointing earnings were driven mainly by its construction division.

The government said it had set up 28 mineral trading centres since March to improve revenue collection from small-scale miners.

Freeport reported a second-quarter net loss of $72 million, or 5 cents per share, after earning a net profit of $869 million, or 59 cents per share, a year earlier.

The Mining Association of Nova Scotia (MANS) is organizing the Nova Scotia Gold Show to highlight the province’s opportunities.

Current CEO Gary Goldberg will serve as executive adviser from October through March next year.

Average all-in sustaining costs (AISC) incurred by gold miners rose from $988/oz in Q4 2018 to $1,000/oz in Q1 2019.

Eldorado halted construction in November 2017 at Skouries, citing mainly environmental permit delays.

In May, the company reported a 50% increase over the 2018 resource estimate at Cariboo.

In June, the ECB became more dovish, as it postponed the possible beginning of the interest rate hiking from the end of 2019 to the mid-2020.