jueves, 3 de agosto de 2017

Greece to kick off arbitration process over Eldorado Gold’s project

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Mining News Digest
Friday 4 August 2017
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Authorities seek to settle differences with the Canadian miner over Skouries, one of the gold projects the firm is currently developing in northern Greece.

No charges will be laid under British Columbia's environmental laws in relation to Imperial Metals Corporation's Mount Polley tailings-dam breach August 4, 2014.

The buyer, Perth-based Red 5, is also acquiring Saracen Mineral Holdings' King of the Hills mine.

The mine, which began producing in May 2014, has suffered a series of technical problems in its ramp-up phase.

Spot gold finished July up more than 2 percent, its best month since February, when it returned 3.7 percent.

Global demand for gold fell 14 percent in the first half of this year due mainly to a sharp decline in purchases by exchange traded funds, the World Gold Council said in a report on Thursday.

South Africa's Sibanye Gold will restructure operations in its domestic market, a move that could affect 7,400 of its employees, the gold and platinum miner said on Thursday.

African gold miner Randgold on Thursday reported a 53 percent rise in half-year profit and a mounting cash pile, and said it was well on the way to developing projects that will position it for an eventual increase in demand.

Skeena Resources Limited is pleased to announce that the Supreme Court of British Columbia has ruled in favour of its subsidiary, Sona Resources ("Sona") regarding a dispute about the Company's option to earn a 100% equity interest in the mineral and Crown-granted claims referred to as the Elizabeth property.

Company remains on track to meet annual production and cost guidance; Strengthened balance sheet, with liquidity position of approximately $2.5 billion

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