Barrick Gold seeks arbitration over Mali mines dispute
The miner said it could suspend operations if gold shipments remain blocked.
The miner said it could suspend operations if gold shipments remain blocked.
If Mali continues to impede shipments from Loulo-Gounkoto, the country's largest gold mine, Barrick will cease operations.
The mine operator, Allied Gold, said the funds cover Kurmuk's first development phase, with production expected in mid-2026.
The underground copper-gold-silver mine now processes 3,600 tonnes of ore per day, a 30% increase from December 2023.
Pan American no longer owns the mine but retains the right to 60% of future copper concentrate from La Arena II.
With full-financing now achieved, Montage will focus on starting construction of the Koné mine in Côte d'Ivoire.
It targets Zillennials, the microgeneration born between 1993 and 1998, believed to be behind the rise of lab-grown gems.
The addition of Silvercrest's Las Chispas mine in Mexico positions Coeur among the world's top silver miners, with an output 21 million ounces a year.
The gold mine is currently owned as a joint venture set in December 2022 with Sumitomo, which lent Iamgold funds to complete the project.
CEO Mark Bristow says the miner has had the luxury of having an asset base to support organic growth well into the future.