martes, 22 de enero de 2019

Eldorado Gold counting down to open its first mine in Canada

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Mining News Digest
Wednesday 23 January 2019
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The company is on track to kick off commercial production at its Lamaque project in Val d'Or, Quebec, during the first quarter of the year.

Bloomberg speculated two South African firms could combine to create 6 million ounce per year producer as merger fever grips the gold mining industry.

Company said the output decline was a consequence of a week-long strike at the Mali operation.

The Canadian miner said it had churned out 24.8 million ounces of silver last year, just shy of the 25-26.5 million ounces expected.

Three incidents occurred during the second half of 2018 hit BHP's production volumes by 4 million tonnes of iron ore and 70,000 tonnes of copper.

Copper price volatility is likely to be skewed to the upside.

The world is having a global energy transition party for miners – B.C. isn't invited

Galaxy said the reserves for the project are now estimated to be 42% higher than its last estimate.

NexGen Energy is embarking on the largest drill program in its history at the Rook I project in the Athabasca Basin.

Tasca Resources has received excellent assays from drilling at its Poplar copper property southwest of Houston.

Hole U18-1361 returned one of the highest grade drill holes ever completed at Red Mountain.

Integra Resources is buying the firm's War Eagle property, located on the Owyhee Mountains.

A research report by Wood Mackenzie states that electrification and automation will be a key priority for global mining companies.

Berkshire's geothermal business operates in California's Salton Sea using lithium-rich brine.

They say that there are no atheists in fox holes. Recently it has also become clear there are no monetary hawks in bear markets.

The Yaramoko mine is situated in the Houndé greenstone belt region in the Province of Balé in southwestern Burkina Faso.

New Jersey Mining has intersected gold mineralization at its Paymaster Shoot in Idaho's Coeur D'Alene district grading as high as 70.3 grams gold over 0.35 metres.

The new investment would create 300 jobs and that investments would total over 200 million euros.

The World Bank sees South Africa's gross domestic product growing by 1.3 percent this year, an improvement from a forecast of 0.9 percent for 2018.

Sibanye said it had received AMCU's demands and that they were being considered by management.

The announcement comes amid a tax dispute between the state and Acacia Mining Plc.

Gold equities are "an attractive option for a diversified portfolio, especially if we are moving into a period of higher market volatility."

"It is like when you look in your closet on a morning and you only look for pants"

The property lies within the Cat Lake-Winnipeg River rare element pegmatite field.

How this shakes out is anybody's guess, but at a minimum, the explosion in DUCs over the past two years complicates oil production forecasts for this year.

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