Nornickel to spin off copper-gold mine near China

Supported metal prices, debts being slashed, and production efficiency growth were the keys for the good performance.

The Vancouver-based company says its flagship gold and silver mine in northern Ecuador is 59% complete.

The property is about 17km south east of the operating Mesquite Mine recently acquired by Equinox Gold for $158 million.  

The Young Mining Professionals (YMP) is bumping up its YMP Scholarship Fund for the 2019-20 academic year for students in mining-related university programs in Canada.

Gold futures in India fell to 31,240 rupees per 10 grams last week, the lowest in more than four months and down 8.2% from a 2019 high of 34,031 rupees hit in February.

The comments coincide with government plans to review existing conservation areas amid growing pressure from mining and agriculture lobbies.

Quebec-focused Monarch Gold is taking a 14.2% stake in Unigold, whose Nieta project in the Dominican Republic has an open-pit inferred resource of 39.49 million tonnes.

Sibanye faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti Ltd. plans to sell.

The Island Gold mine is expected to produce between 135,000 and 145,000 oz. of gold this year.