Canada’s Goldcorp to make Borden an all-electric mine
The innovation is expected to eliminate all greenhouse gases associated with the movement of ore and waste rock, equal to 5,000 tons of CO2 per year.
The innovation is expected to eliminate all greenhouse gases associated with the movement of ore and waste rock, equal to 5,000 tons of CO2 per year.
The Johannesburg-based company, however, said it remained interested in a negotiated transaction.
Offer came on the heels of Kirkland Lake's move to buy fellow bullion miner Newmarket Gold (TSX:NMI) in an all-stock deal worth about Cdn$1 billion ($764 million).
Commercial production of 100,000–150,000 ounces per year at all-in costs below $600 starts next week.
Police are on the scene to maintain order, the firm said, adding that efforts continue to resolve the situation peacefully through talks.
The Toronto-based gold producer revealed that its net earnings were $2.5 million, or zero a share, in the three months through September.
2,000 ounces of gold were stolen from the Jacobina mine in Brazil.
Most of the division’s assets will be acquired by Mosaic, the world’s largest producer of phosphate fertilizer.
The potential sale of a 50% stake in Veladero mine could fetch Barrick more than $1 billion, sources familiar with the matter say.
Good news for mining in Quebec, the majority French-speaking Canadian province, has come from Stornoway Diamond Corporation (TSX:SWY), which officially opened its Renard diamond mine last week.