Gold Terra ups Yellowknife City inferred resource to 1.2moz

The miner maintains production guidance for 2019.

President Jair Bolsonaro said on Friday the country could open a vast reserve in the Amazon rainforest to mining, a move attempted by his predecessor that was quickly rescinded following an international environmental outcry.

The miner is partnering with GoldSpot Discoveries to produce 2D and 3D targets for its upcoming exploration program.

But the iron ore price surge won't last says new survey of commodity analysts.

Mongolia has emerged as an investment hot spot for untapped reserves.

This is the second major step by the company this week to build up cash as it faces a drawn-out labor dispute.

The company has drilled its longest continuous section of mineralization at its Gran Bestia copper-gold deposit,

The company reported lower than expected full-year profit in February while warning of headwinds including lower precious metals prices for 2019.

Deal creates the world’s largest gold producer by output, robing Barrick of its recently cemented supremacy.