Ecuador, SolGold seal deal to launch nearly $5bn mining project Construction of the Cascabel mine is seen starting in 2025, with operations kicking off in 2030. Reuters | July 20, 2023 | 5:14 pm
Austral Gold begins commissioning of Chilean heap reprocessing project Production is expected later this month, lasting until 2033. Staff Writer | July 20, 2023 | 3:01 pm
Barrick Gold targeted by Russian cybercriminal group Clop in global data theft that hit Sun Life, Vancouver transit police Clop’s modus operandi is to demand ransom in return for not publishing the data stolen, or to sell it to a third party. Niall McGee - The Globe and Mail | July 20, 2023 | 11:28 am
Indian gold miner soars to 15-year high after asset-buying spree Deccan Gold Mines has rallied to its highest share price since 2008 after it went on a global buying spree following a struggle to mine locally. Bloomberg News | July 20, 2023 | 9:52 am
Orea amends deal with Nordgold regarding stake in French Guiana project In August 2022, Orea announced that it would be buying out Nordgold's majority stake in the 5-million-ounce project for C$100 million. Staff Writer | July 20, 2023 | 9:05 am
Probe Gold increases Novador resource estimate by 28% Drilling in 2022 converted an additional 1.99 million oz. to the measured and indicated category. Staff Writer | July 20, 2023 | 8:30 am
Egypt agrees framework for mining terms with Barrick Gold and Centamin Centamin said under framework, exploitation licences would be issued for a 30-year stabilized fiscal and legal regime. Reuters | July 20, 2023 | 8:23 am
Newmont misses profit estimates on mining disruptions, higher costs Since early June, Newmont's operations at its Peñasquito mine have remained suspended. Reuters | July 20, 2023 | 7:30 am
Westhaven Gold PEA gives Shovelnose 534,000-oz output over 9.5-year life The PEA gives Shovelnose an after-tax NPV, at a 6% discount, of C$222 million, with an IRR of 32.3%. Staff Writer | July 20, 2023 | 5:59 am