Monarch Gold shares up on Yamana investment

n NewCastle’s Castle Mountain gold project, Panneton sees a large-scale, brown field, largely permitted resource in a leading jurisdiction that’s amenable to simple heap-leach mining, and can be brought back into production in the near term.

There are some positives.

What will happen is that no major in the mining industry shall consider new investments until prices breach $1.20.

North America’s biggest energy infrastructure company.

Once the open pit Houndé mine is operational, Endeavour will add 190,000 ounces to its gold output per year.

Under the terms of the agreement, Fort McKay First Nation will pay 34.3% of the actual capital cost of the East Tank Farm Development once the assets become operational, which is currently anticipated to be in the second quarter of 2017.

The move marks the Vancouver-based miner exit from China.

The possible plant closure, which could cost around 2,000 jobs, is part of a global restructuring plan announced in September that could see CAT cutting as many as 10,000 jobs globally in the coming years.

The $2.6 billion project for a pipeline from North Dakota to Wisconsin will be on hold until market conditions improve.