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Stronger gold drives Polymetal profit to record high
Polymetal said on Wednesday its 2019 net earnings rose 36% to a record high of $483 million due to stronger global gold prices and higher output. The spread of the coronavirus this year has driven a further jump in gold prices with spot gold in London registering its...
Barrick completes Massawa-Sabodala combination
Barrick Gold has completed the recently announced transaction of combining its Massawa gold project in Senegal with Teranga Gold’s Sabodala gold mine. Barrick and its Senegalese partner held a 90% interest in the Massawa project. As part of the transaction, Barrick...
Newcrest closes $60m sale of Gosowong mine in Indonesia
Newcrest (ASX: NCM) announced Wednesday the finalized sale of 100% of Newcrest Singapore Holdings Pte (NSH) to Indotan Halmahera Bangkit (Indotan) for A$90m, (about $60m) of which A$60m has already been received and the remaining A$30m is payable in 18 months. NSH...
Geopacific hits early success with amped up civil works
Geopacific Resources has made major strides to push its Woodlark gold project on the Woodlark Island in Papua New Guinea (PNG) into production. Civil works on the island have advanced significantly since mobilisation of equipment, personnel and supplies were initiated...