IAMGOLD sells stake in Ontario gold project to Sumitomo for $195 million
The deal comes as Sumitomo, Japan’s top gold miner, looks to boost its output through acquisitions and exploration.
The deal comes as Sumitomo, Japan’s top gold miner, looks to boost its output through acquisitions and exploration.
Union at Barrick's troubled operation, Argentina's largest gold mine, says strike will resume if there's no deal after two weeks of talks.
Barrick's comments come on the heels of a report published this week, which claims its Tanzanian subsidiary has been under-reporting the amount of metal in its shipments to evade taxes.
Among the Q1/17 financial results that IAMGOLD released were a 12% increase in gold production and a 438% gain in gross profits.
Move is part of an ongoing effort to strengthen its position in the home country, particularly around the gold-rich Eastern Abitibi region, in Quebec.
Local judge says the company failed to complete improvements that could have prevented the latest cyanide spill, the third such accident in less than 18 months.
Despite producing less gold, Kinross Gold (TSX:K) made more revenue in the first quarter and is proceeding with an aggressive plan that will slash costs and increase production at its Tasiast gold mine in Mauritania.
Canada-based nickel miner Sherritt (TSX:S) has struck a deal with its partners at the Ambatovy nickel operation in Madagascar, allowing the company to eliminate $1.4 billion in debt.
Slump in production at Cerro Negro and Red Lake mines behind 153koz year on year drop in first quarter.
World's top listed copper miner cuts production outlook for the year, but impact of dispute with Jakarta more contained than thought.