AJN yields to Barrick pressure, won’t buy into Kibali mine
The Canadian junior won't proceed with a plan to purchase a 10% stake in Congo's biggest gold mine.
The Canadian junior won't proceed with a plan to purchase a 10% stake in Congo's biggest gold mine.
Sherritt, which has significant assets in Cuba, is offering to buy back as much as $443 million of its debt at a big discount to face value.
The world’s second-largest gold miner has issued a cease and desist notice to the buyer, Canadian junior AJN Resources.
Investors showed their approval by pushing shares of New Gold up as much as 16% in Toronto.
Sokimo can’t sell or transfer its shares in the mine without the approval of both Barrick and its JV partner AngloGold.
Its Santo Domingo project could yield 4,700 tonnes of cobalt per year, making Capstone also the largest producer of the metal in the Americas.
The land agreement with the Chilloroya community paves the way for mining to begin by year-end.
Reserves decreased by 6% to 16.7 million ounces.
The gold miner has increased its yearly dividend cumulatively by 150%.
Pretium's stock down over 20% after Golden Triangle producer cuts guidance by as much as 200,000 ounces.