Skeena to raise C$50m for Eskay Creek gold project

BHP is acquiring 3.44 million units of Midland at $1.70 per unit for $5.9 million.

The PFS assigns the project a $693m after-tax net present value at an 8% discount rate and a 21% after-tax internal rate of return.

The 22.5-metre concrete headframe and tipple structure at the Morden Colliery coal mine was built in the early 1900s by the Pacific Coal Company.

The Chapada copper-gold mine, in the northwest Brazilian state of Goiás, began production in 2007.

An independent lab ran a series of tests and average recovery rates ranged from 91.4% to 94%.

Deal creates the world’s largest gold producer by market value, output and reserves.

A South African newspaper reported that the owner of the company is considering selling the operations.

The miner maintains production guidance for 2019.

If rubber-stamped by the senate, the move would give state-run KGHM a bit more room to breathe, as the miner has been struggling with rising costs, falling copper prices, technical problems and higher-than-expected capital spending in the past years.