New Congo government should aid release of Kibali’s $500m, Barrick CEO says

A syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, had agreed on a bought deal basis to buy 7.5 million shares at C$5.40 each.

The Lalor mine will then be joining the ranks of primary gold producers as one of the lowest sustaining costs in the industry.

At market close Wednesday, Northern Dynasty's shares were up over 12%, and gained another 7% in after-hours trading.

Will officials in Tanzania and other countries push to nationalize their resources as the trend continues to gain traction around the world.

BHP, Anglo American touch one-year highs.

"We will further investigate tax planning alternatives to minimise this additional deferred tax," Sibanye's statement said.

“Mining is the slowest industry to adapt to new technology.”

Chief executive officer Mark Bristow, who is in the South American nation to review the company’s regional strategy, said Barrick’s assets in Chile were an important part of its global portfolio.

The government deployed agents from the police and armed forces to La Pampa in the Madre de Dios region to begin closing down mine operations.