Goldcorp makes headway with plan to give Dome mine a new life
The company may be able to begin developing the potential open-pit Century project in Ontario by 2023.
The company may be able to begin developing the potential open-pit Century project in Ontario by 2023.
Wyoming currently does not have an active gold mine, but GFG Resources is out to change that with a drill program that is both focused on defining ounces for a maiden resource and looking for new gold discoveries, says Brian Skanderbeg, GFG's CEO.
It now expects to produce at least 180,000-210,000 ounces of gold this year at Kışladağ, which brings Eldorado's full-year guidance down from 365,000-400,000 ounces to 315,000-365,000 ounces.
Once at full-tilt, Rainy River mine is expected to generate an average of 325,000 ounces of gold a year.
The asset, in the state of Zacatecas, is located about 50 kilometers (31 miles) from Goldcorp’s flagship Peñasquito mine.
With the completion of the Japanese firm acquisition of 30% of Côté Gold Project, IAMGOLD's liquidity now exceeds $1 billion.
While the measure allows the company to resume full operations, Barrick said it plans to gradually restart them.
Barrick confirmed chairman John Thornton met President John Magufuli for talks Wednesday, but didn't mention the details of what, if anything, had been agreed.
Government accused the gold miner of operating illegally in the country and said it has been evading taxes.
Energy minister George Stathakis said the move aims to ensure the company respects its contractual obligations.