Loading
At least 37 killed in attack on Canadian miner Semafo convoy in Burkina Faso
Thirty-seven civilians were killed and more than 60 wounded when gunmen ambushed a convoy transporting workers of Canadian gold miner Semafo in eastern Burkina Faso, regional authorities said on Wednesday. The attack is the deadliest in recent years as the military...
Barrick’s profit nearly triples, but sees flat production for next five years
Canada’s Barrick Gold, the world’s second largest producer of the yellow metal, saw its profit for the three months to September almost tripled as a result of higher output and prices. The Toronto-based miner also bumped its payout to investors for the period by 25%...
China’s Zijin buys Freeport’s copper-gold assets in Serbia for up to $390 million
Zijin Mining, one of China’s biggest gold producers, said on Monday it would buy partner Freeport McMoran Inc’s copper-gold assets in Serbia for up to $390 million, substantially boosting its resources of both metals. The move continues a recent acquisition spree for...
Barrick announces new strategy for Hemlo
Barrick Gold of Toronto has announced plans to modernize and refocus its efforts at the Hemlo gold mine 350 km east of Thunder Bay. The goal is to upgrade the operation to a Barrick Tier 2 asset and extend its life. Barrick has introduced several programs to boost...