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Takeover talks between gold miners Endeavour and Centamin hit a snag
Egypt-focused gold miner Centamin has accused Canada’s Endeavour Mining of making it difficult for the company to assess the value of a potential business combination unless it agrees to extending a firm offer deadline. The London-listed gold miner said that since...
Condor Gold sells one of its concessions in Nicaragua to focus on La India
Nicaragua-focused Condor Gold has sold its Potrerillos exploration and exploitation concession to Nicoz Resources, a subsidiary of Canadian junior Mako Mining for $600,000. The asset comprises 12 km2 of sub surface mineral rights and is located in Nuevo Segovia, in...
Barrick to start Pueblo Viejo mine’s power plant conversion in early 2020
Canada’s Barrick Gold, the world’s second largest producer of the precious metal, said on Tuesday that its Pueblo Viejo mine in the Dominican Republic will receive its first natural gas in the first three months of the year as it seeks to lower greenhouse gas...
Hecla ramps up Lucky Friday mine to full production amid strike
American silver producer Hecla Mining has ramped up production at its Lucky Friday mine, in northern Idaho, amid an ongoing strike by unionized workers over proposed changes to work assignments, health care benefits, vacation scheduling and bonus pay tied to silver...