Sandstorm shares up on Hod Maden drill results

Industry sources also blame the ongoing rally in bullion prices for the drop.

The Sable kimberlite pipe, for which permitting is already in place, could see mining beginning in 2019.

The company remains upbeat and expects a better performance in the second half, driven by a recovery in diamond prices.

The world’s third-largest gold producer returned to profit in the fourth quarter, did not manage to avert posting a net loss for 2015.

Companies have been told to leave behind equipment and vacate their premises.

The world’s largest gold miner also said it would redeem up to $750 million in notes to help cut debt by at least $2bn this year.

Last year, the agency had forecast a "relatively swift" recovery. Instead, oil prices have continued to fall, hitting less than $30 a barrel, a level last seen in 2003.

When the worst collapse of commodity prices in nearly two decades finally ends, mining companies left standing probably will have more robots on their side.

Cases of the mosquito-borne disease in Colombia have been skyrocketing, but only in areas where mining activities have increased, a new study shows.