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McEwen posts $99m Q1 loss on Gold Bar write-down
McEwen Mining posted a net loss of $99.2 million or $0.25 per share for the quarter ended March 31, primarily due to a $83.8 million impairment charge for its Gold Bar mine in Nevada. The company says the write-down was necessary because a change in the geological...
Freeport cuts workforce at Grasberg as coronavirus cases in area rise
Freeport-McMoRan Inc’s Indonesian unit said it will operate the giant Grasberg mine with a “skeletal team” after a rise in coronavirus infections in the area, including at the mine workers’ living quarters, and three deaths. The move is aimed at ensuring workers at...
Hochschild to restart operations at Peru mines
Precious metals miner Hochschild Mining on Monday said it would restart production at its Inmaculada and Pallancata mines in Peru, targeting full output from these locations in the coming weeks. The miner, which operates two mines in southern Peru and one in...
Sweden reports its biggest ever quake caused by mining in Arctic
Sweden reported its biggest ever earthquake caused by mining on Monday at an iron ore mine north of the Arctic Circle run by state firm LKAB. The quake measured magnitude 4.9 Richter's scale, the Department of Earth Sciences at Uppsala University said. Noone was...