Newmont shareholders overwhelmingly approve $10B Goldcorp takeover, creating world’s top gold miner
Deal creates the world’s largest gold producer by output, robing Barrick of its recently cemented supremacy.
Deal creates the world’s largest gold producer by output, robing Barrick of its recently cemented supremacy.
The president and CEO of Vancouver-based Mountainstar Gold has been slapped with a C$150,000 penalty by the British Columbia Securities Commission.
The Montreal-based diamond producer said the move would not have an impact on total revenue for 2019.
The Brucejack mine and mill are increasing throughput to 3,800 t/d from 2,700 t/d over the course of the year.
The company said Felix Tshisekedi had confirmed his intention of working with miners to keep growing the Central African nation’s gold sector.
The Canadian miner plans to expand Cobre Panama, located about 120 km west of Panama City, and 20 km from the Atlantic coast, from 85 million tonnes per year to 100Mtpy beginning in 2023.
The Lamaque underground gold mine in Val d’Or, Quebec, is expected to produce up to 135,000 ounces of the precious metal a year in 2020 and 2021.
Newmont's $10-billion acquisition of Canada’s Goldcorp is expected to close in the second quarter of the year.
The company says the acquisition of the St. Laurent project supports its strategy of exploring for battery and energy metals.
The one-time special dividend, worth $470 million, will be given to Newmont's shareholders only if its friendly takeover of Canada’s Goldcorp is approved.