Mid-tier gold producer B2Gold (TSX:BTO) has had an excellent start to the year, producing more gold at lower costs than expected from its four mines in the Phillippines, Namibia and Nicaragua.
The Supreme Court of Peru has ruled in favour of a farmer that Newmont Mining (NYSE:NEM) claimed was illegally occupying land it wanted to develop into the Congo mine.
The Perth-based miner has agreed to purchase 45 million shares of the Canadian junior at a price of $2.45 per share, or about 15% of Arizona Mining’s outstanding shares.
The company has officially informed workers of its plans to offload the mine, noting that while there are several interested parties, the process could take months.