Avesoro regains control of Burkina Faso gold mine after security breach

Avesoro regains control of Burkina Faso gold mine after security breach

West Africa-focused gold miner Avesoro Resources (TSX, AIM:ASO) has regained control of its Youga gold mine in Burkina Faso after being forced to halt operations last week. The company’s decision was a precautionary measure, after a group of...

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Newcrest takes over at Red Chris JV

Newcrest takes over at Red Chris JV

Imperial Metals’ sale of a 70% interest in the Red Chris copper-gold mine in B.C. has officially closed, with Australia’s Newcrest Mining now the operator of the asset. Newcrest paid $804 million for its majority interest. The deal was first...

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K92 Mining ups 2019 production guidance

K92 Mining ups 2019 production guidance

K92 Mining (TSXV: KNT) reported on Thursday its operating and financial results for the second quarter, during which the Vancouver-based gold miner saw record tonnes processed and achieved total production of 19,652 oz gold-equivalent (AuEq) from...

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Newcrest Mining posts 22% jump in annual profit

Newcrest Mining posts 22% jump in annual profit

Newcrest Mining (ASX: NCM) on Friday posted a 22.2% increase in annual profit, buoyed by robust gold and copper sales volumes from its flagship Cadia mine in New South Wales. Australia’s biggest listed gold miner posted an underlying profit of...

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Northern Star goes after Barrick Gold’s Super Pit

Northern Star goes after Barrick Gold’s Super Pit

Australia’s Northern Star Resources (ASX:NST) has been signalled as the frontrunner to acquire Barrick Gold’s (TSX:ABX)(NYSE:GOLD) 50% stake in the Super Pit, once the country’s biggest open-pit gold mine, located in Kalgoorlie, Western...

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Jaxon Mining completes phase one exploration at Red Springs

Jaxon Mining completes phase one exploration at Red Springs

Jaxon Mining Inc. (TSXV: JAX) announced Tuesday the discovery of three large outcrops of disseminated sulfides in porphyritic intrusions, as part of the company’s first phase of fieldwork at the Red Springs copper-gold porphyry complex near...

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Shakeout continues at Barrick Gold

Shakeout continues at Barrick Gold

In discussing its second quarter results, Barrick Gold slipped in two very interesting bits of information. First, president and CEO Mark Bristow said the company is seeking a buyer for its 50% interest in the Kalgoorlie gold mine – commonly...

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Barrick posts profit jump, flags significant work ahead on Acacia

Barrick posts profit jump, flags significant work ahead on Acacia

Barrick Gold Corp reported quarterly adjusted profit that nearly doubled on higher production on Monday, and said it has a “great deal of work” ahead resolving problems around its African unit, whose buyout the company expects to complete next...

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Fruta del Norte’s first gold pour expected for Q4-2019

Fruta del Norte’s first gold pour expected for Q4-2019

When reporting its operational and financial results for the second quarter of 2019, Lundin Gold (TSX:LUG) announced that it expects first gold production from the Fruta del Norte project in Ecuador to be delivered in the fourth quarter of this...

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Armenia to announce decision on Lydian’s gold project next week

Armenia to announce decision on Lydian’s gold project next week

Lydian International (TSX:LYD) will know next week whether the Armenian government will allow the company to continue building its Amulsar gold mine, located in the mountainous south of the country. The project has been illegally blocked since...

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BLM green-lights Blackrock Gold’s drill program in Nevada

BLM green-lights Blackrock Gold’s drill program in Nevada

The U.S. Bureau of Land Management (BLM) has approved Blackrock Gold’s (TSXV: BRC) proposed core drill program at the Silver Cloud project located in Elko County, Nevada. In a press release, Blackrock said that it recruited EM Strategies in order...

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