Avesoro sticks to 2019 guidance, despite gold output drop
The company's gold production fell to 34,338 ounces in the three months to June 30 from 45,098 ounces in the previous quarter, equivalent to a 43% drop from Q2 2018.
The company's gold production fell to 34,338 ounces in the three months to June 30 from 45,098 ounces in the previous quarter, equivalent to a 43% drop from Q2 2018.
Global holdings in gold-backed ETFs and similar products grew by 127 tonnes (equivalent to $5.5 billion in inflows) in June.
Continental says Newmont Goldcorp has until July 12 to exercise its right to maintain its ownership of the company in connection with the private placement.
Brazil has a backlog of more than 20,000 areas where mining rights expired or were otherwise lost by their previous holders, equivalent to roughly 10% of the areas with pending mining permits.
While uranium oxide prices continue to drift in the doldrums, several uranium companies have still raised a bit of money to explore and carry out modest programs.
The actual restart date is expected in the first half of 2020.
Yamana Gold's executive chairman Peter Marrone reflected on the many changes initiated at Yamana over the past few years.
China's powerful iron and steel industry body wants Beijing to "maintain normal market order".
The move was a precautionary action after it ran a new risk evaluation of a dam close to the mine.
The shake-up of the top tier of gold mining happened before the mega mergers closed.