New Gold extends Rainy River mine life to 2031
Updated mine plans include the the conversion of an additional 569,000 gold ounces in the underground main zones to mineral reserves.
Updated mine plans include the the conversion of an additional 569,000 gold ounces in the underground main zones to mineral reserves.
The global copper industry needs to build mines that close what could be an annual supply deficit of 4.7 million tonnes by 2030, says CRU.
The miner said it is proceeding with the Disposition for investment portfolio management purposes.
The cinema giant is investing in Hycroft Mining Holding Corp. alongside Eric Sprott.
Buying the remaining 49% of the Canadian miner would give Rio control of the vast Oyu Tolgoi copper mine, its most important growth project.
Kinross will continue to monitor Russia sanctions closely as Russia-Ukraine tensions mount.
Hecla's proven and probable reserves of the precious metal hit the second highest level in the company's history to 200 million ounces.
The country's energy and mines minister Antonio Almonte said a decision on the final location and conditions for the permit was imminent.
The document, which has yet to be approved by Congress, will see First Quantum pay $375 million a year plus a royalty of 12% to 16% of the mine's gross profits.
The gold miner has reached a deal with an investor seeking changes at the top.