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Newcrest approves flagship Cadia mine’s expansion
Newcrest Mining Ltd’s board has approved the second-stage expansion of its flagship Cadia gold mine and Lihir mine’s front-end recovery project, Australia’s top gold producer said on Friday. The projects, estimated to cost about $236 million, will boost gold...
Sumitomo to sell stake in Sierra Gorda copper mine
Japanese miner Sumitomo Metal said on Thursday it was reviewing its strategic options regarding its minority stake in Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM (WSE: KGH). The Asian giant said that selling its 45% holding in the...
Northern Vertex achieves record quarterly production
Northern Vertex Mining, which primarily operates the Moss gold mine in Arizona, achieved a record production of 14,673 gold equivalent ounces for the first quarter of its fiscal year. This marks the sixth consecutive monthly gold production record for the company and...
Barrick CEO calls for consolidation and warns of reserve crisis
Barrick Gold CEO Mark Bristow on Wednesday said the gold industry in Africa should consolidate further, as he warned of a “serious reserve crisis” looming for the sector. A dearth of exploration has seen average mine life across the gold mining sector fall from 20...