Tahoe resumes operations in Peru after protesters agree to talks
The Canadian miner expects annual production from La Arena mine to be near the low end of its forecast 160,000 to 185,000 ounces of gold.
The Canadian miner expects annual production from La Arena mine to be near the low end of its forecast 160,000 to 185,000 ounces of gold.
Deal gives Orion mine access to mineral rights for more than 80,000 hectares of land in Northern Ireland, which includes one of the world's top ten undeveloped gold deposits by grade.
Guatemala's highest court ruling says mining operations will be suspended until government carries out consultation of the local indigenous people.
Temporary suspension of mining activities comes after about 100 people trespassed and demanded payment for alleged environmental impacts of the operation on their community.
The Toronto-based miner, which is developing a large untapped gold deposit in a remote part of Northern Ireland, will seek final approval of the transaction by the Ontario Superior Court of Justice early next week, with the deal expected to close on or about Sep.7, 2018.
The offer is priced at a 62% premium to the explorer’s share price at close on June 20, a day before it was announced.
The mine is one of Ghana’s newest gold operations and it is located in the country’s Ashanti Region.
The Canadian precious metals miner logged a $10.6-million net loss for the first half of the year following a $49-million investment in its Gold Bar, Black Fox and Los Azules projects during the period.