New Gold resumes mining at New Afton as tailings deemed safe
Inspection certified that the New Afton gold-copper operation in B.C. inspection certifying the structural integrity of its tailings.
Inspection certified that the New Afton gold-copper operation in B.C. inspection certifying the structural integrity of its tailings.
The company said “geotechnical variances” were noticed during a routine inspection, which require further review by an engineer.
It attributed the results to the acquisition of Copper Mountain, as well as lower copper and zinc prices, higher costs and lower sales.
Newmont had to come back quite a few times before Newcrest’s board “felt we could not say no.”
The world’s largest gold miner is also progressing towards receiving regulatory approvals in other jurisdictions, with a transaction close expected in the fourth quarter of the year.
The new business plan for the giant gold mine aims to secure its status as Tier One asset for the next decade.
Third-party audit shows Albemarle meets 50% to 75% of the criteria in each of four areas, including social and environmental responsibility.
Rockcliff is the 49% joint venture partner on Hudbay’s Talbot copper-gold project and owns six other deposits in the Snow Lake region.
Combined company will become Canada’s third largest copper miner, with an estimated 2023 production of 53,000 tonnes.
About 200 military personnel were on the ground on Tuesday morning to help control the fires and aid companies to evacuate employees.