Barrick hails new airport terminal, mines revival in Tanzania
The $384,000 terminal, built at the closed Buzwagi gold mine, will serve more than 200 passengers at a time, compared with 25 previously.
The $384,000 terminal, built at the closed Buzwagi gold mine, will serve more than 200 passengers at a time, compared with 25 previously.
The world's top lithium producer expects to reduce costs by $95m a year by reducing expenses, cutting jobs and selling unwanted assets.
The deal includes the Qiqavik gold project in Quebec.
The Idaho mine, Hecla's third-largest silver producer, was halted in September 2023 to complete repair work on areas damaged by wildfires.
It will begin curtailment of the Western Australia refinery in the second quarter, and cease all output of alumina by the third.
It posted a 5% decrease this year in proven and probable gold mineral reserves at specific assets within its Canadian portfolio.
The gold mine is expected to start ramping up production in 2024, achieving 400,000 ounces per year in 2028.
The project in Tanzania is believed to be one of the world's largest and highest grade undeveloped nickel sulphide deposits.
The Canadian operation, which started commercial production in 1997, churned out 173,000 ounces of gold last year.
First Quantum has already notified its intention of taking the Central American nation to an international court for arbitration.