Gran Colombia to spin off Marmato gold project
The Canadian miner will retain a major stake in the new company while leveraging the capital markets to provide the funding required for ongoing exploration and underground development.
The Canadian miner will retain a major stake in the new company while leveraging the capital markets to provide the funding required for ongoing exploration and underground development.
Today’s infographic comes to us from Endeavour Silver, and it outlines some key indicators that precede a coming gold-silver cycle.
Production at the new Gold Bar and Black Fox mines has been a "big disappointment."
Barrick had acquired over 22 million shares in the junior last year, as part of was part of a trend that dominated the mergers and acquisition scene.
The mine is estimated to contain proven and probable reserves of 2.28Moz gold.
Exploration carried out at Quebec's Lamaque project has revealed high grade mineralization beyond the 2018 resource model as well as more ore clusters.
Drilling will continue for remainder of the year, and more results are expected in Q4.
Indicated resources at the Ivorian greenfield project now total 1.2Moz.
Gran Colombia will receive $20 million in common shares of Western Atlas as part of the deal.
Rosebel mine was temporarily shuttered in early August after a clash between illegal miners and police, which left one person dead.