Didipio reaches commercial production

Dual listed miner OceanaGold has declared commercial production at its Didipio mine, in the Philippines, from April 1. “We are extremely pleased to formally announce the declaration of commercial production at Didipio with an effective date of...

No more than 500 jobs to be lost in Harmony’s cost-, capex-cutting push

While South African gold producer Harmony Gold plans to cut its service and corporate costs in South Africa by R400-million and its overall capital expenditure (capex) in South Africa and Papua New Guinea by R1.4-billion in the 2014 financial...

Company Announcement:Barrick shares experience through CEEC

Barrick Gold Corporation, the world’s leading gold producer, has signed a two-year sponsorship with the Coalition for Eco-Efficient Comminution

ABG says operational review progressing well

Tanzania-focused gold producer African Barrick Gold (ABG) on Tuesday said its operational review was progressing well and that results were already emerging. Canada-based Barrick Gold initiated the review in the first quarter after talks about...

Gold Road signs exploration JV with Sumitomo

Emerging gold producer Gold Road Resources has signed a joint venture (JV) exploration agreement with Sumitomo Metals Mining Oceania over the southern tenements of Gold Road’s Yamarna project. By spending some A$8-million on exploration between...

Mining companies having problems tackling social issues

Dealing with social issues is still a major challenge for many mining companies, owing to a lack of internal capacity and specialist skills, which are important for understanding how and why community engagement should be carried out meaningfully...

McEwen Mining’s gold production jumps as new mine adds weight

Canadian gold producer McEwen Mining on Thursday said first-quarter gold production had risen significantly, as its second mine, El Gallo Phase 1, in Mexico, added its first commercial production. McEwen Mining said gold-equivalent production...

Harmony Gold to cut costs, capex amid gold price volatility

South African gold producer Harmony Gold plans to cut its service and corporate costs in South Africa by R400-million and its overall capital expenditure in South Africa and Papua New Guinea by R1.4-billion in the 2014 financial year, Harmony Gold...

Goldplat to start development on third recovery operation by year-end

With its two existing gold recovery operations in Africa performing “solidly”, Aim-listed Goldplat was planning to start development on a third such operation by the end of this year. In a statement to shareholders, CEO Russell Lamming said...

Canadian miners cut jobs, spending as metal prices fall

Three Canadian gold and silver miners announced cost cutting on Monday to try to protect their earnings in the face of falling precious metal prices. Endeavour Silver, Osisko Mining and Orosur Mining said they plan to reduce their workforce to...

Barrick puts Australian gold mines up for sale - source

Barrick Gold, battling heavy debt and a slump in gold prices, has put three mines in Western Australia up for sale, a person familiar with the process said on Monday. The world's top gold producer has appointed Bank of America's Merrill Lynch and...

Headgear manufacturer to complete contract in May

Springs-based steelwork fabricator and erector Louwill Engineering will complete the construction of an 82-m-high conventional steel headgear for Chinese-owned Wesizwe Platinum’s new shaft development, south of the Pilanesberg nature reserve, in...