Pending approval of First Quantum deal with Panama haunts miner
Analysts say First Quantum's credit ratings will improve once the agreement over Cobre Panama copper mine is formalized.
Analysts say First Quantum's credit ratings will improve once the agreement over Cobre Panama copper mine is formalized.
Ovelmen will be responsible for Newmont’s global finance functions and will join during the second quarter of 2023, based in Denver.
Wheaton will get 6.6% of the payable gold from Cangrejos until 700,000 ounces has been delivered, and 4.4% thereafter.
The $744m financing facility is expected to cover the bulk of the investment needed to finish construction of the mine in northern Greece.
The world’s third-biggest bullion producer now owns the Canadian Malartic, one of North America’s biggest gold mines.
Through the New Porgera Progress Agreement all parties have committed to resume operations as soon as possible.
Adams replaces board chair Maryse Belanger, who was acting as interim President and CEO during the executive search process.
The miner's local unit warned of "exponential and irreparable" damage to the company and stakeholders, including the workforce.
Addition of the Skouries gold-copper mine in northern Greece will boost Eldorado's output to 675,000-735,000 gold ounces by 2027.
Measure is the latest escalation in a dispute between the company and the Panamanian government over the giant Cobre Panama mine.