Serengeti, Sun Metals merge on BC copper-gold project

Goldcorp will acquire 14% of Quebec Precious Metals Corp. born Thursday from the merger of Matamec, Canada Strategic Metals and Sphinx Resources.

Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year.

Refinery could be working in 1-to-2 years' time.

Kyrgyzaltyn has yet to see an offer by Chaarat Gold Holdings to acquire Kumtor mine, which is the Central Asian nation’s largest gold operation.

Project is located about 100 km south of Jwaneng, the world’s richest diamond mine.

Teck, which also mines copper, zinc and gold, said adjusted profit attributable to shareholders rose to C$753 million.

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

Centerra and Kyrgyzstan have had a series of disputes over sharing profits from Kumtor, and London-listed Chaarat was offering the nation to increase its stake in the project’s cash flow in the three-way deal.

Barrick Gold Corp reported a slightly better than expected increase in first-quarter adjusted profit on Monday.