Gold Mine Projects News
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The chairman of Mexican precious metals producer Fresnillo PLC said Friday that it remains committed to investing in exploration and new projects despite uncertainty regarding gold and silver price forecasts for the remainder of the year. |
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Russia's London-listed Nord Gold N.V, the gold producing company, said Friday its first-quarter net profit was down 30% on a year due to lower output, but it expects a strong second half. |
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Newmont Mining Corp. plans to complete a review of recommendations for its stalled Minas Conga copper and gold project in Peru in the next few weeks, a company spokesman said Tuesday. |
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Newcrest Mining Ltd., Australia's largest gold producer, cut its output target for this financial year Tuesday after heavy rains hit some operations and major projects struggled. |
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Australian mineral prospector Minotaur Exploration Ltd. said Monday that it has reached an agreement to sell five exploration tenements near BHP Billiton Ltd.'s Olympic Dam operation to the mining giant for A$10 million and BHP's interest in another exploration asset. |
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Minera Yanacocha, owner of Minas Conga copper gold project, said late Saturday that it will seek technical and economic "alternatives" in order to allow work to resume on the stalled $4.8 billion project. |
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President Ollanta Humala said Friday that Minera Yanacocha will have to carry out a series of measures to improve the stalled Minas Conga copper and gold project before it can proceed. |
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Construction work on the Kibali project in the Democratic Republic of Congo, which when completed is expected be one of the largest gold mines in Africa, is proceeding rapidly as the developers keep their sights firmly set on first production by the end of 2013. |
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Canadian gold miner Robex Resources Inc. said Tuesday it had received the last go-ahead it needed to open the Nampala mine in Mali, a country plunged into chaos by a recent coup and ongoing civil war. |
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Philex Mining Corp. is on track to produce the first ore from its Silangan copper-and-gold project in 2016, senior company executives said Tuesday. |