Newmont Goldcorp to halt operations at Mexico mine due to blockade
Access to its Peñasquito gold mine is being illegally block by a trucking contractor and some members of the Cedros community.
Access to its Peñasquito gold mine is being illegally block by a trucking contractor and some members of the Cedros community.
Record production cannot offset 70% decline for realized prices for battery material.
The new business, yet to be named, will be owned 38.5% by Newmont Goldcorp and 61.5% by Barrick.
The company achieved preliminary Q1 production of 1.37Moz gold and 106Mlb copper.
Newmont Goldcorp is now the world’s largest gold producer by market value, output and reserves, as well as the only bullion producer listed on the S&P 500 Index.
The company is streamlining its senior leadership team.
As proposed, the Blackwater gold project would produce 60,000 tonnes per day of gold and silver ore, over a mine life of 17 years.
The Canadian miner's second-largest investor, Waterton Global Resource Management, has filed a lawsuit against the base metals producer in a bid to constrain its ability to solicit proxies.
The Chapada copper-gold mine, in the northwest Brazilian state of Goiás, began production in 2007.
Deal creates the world’s largest gold producer by market value, output and reserves.