R/€ = 20.78 Change: 0.01
R/$ = 17.63 Change: 0.00
Au 2034.39 $/oz Change: -26.52
Pt 959.61 $/oz Change: -12.96

Mariaan Webb

Mariaan Webb

Mariaan Webb is Creamer Media Senior Deputy Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744


Pretivm doubles free cash flow guidance, stock surges 25%

7th August 2020 The stock of Canadian gold miner Pretium Resources (Pretivm) surged 25% on Thursday, as the company announced its second-quarter results and said that its free cash flow guidance for the entire year had been achieved in only the first six months. In the first six months of the year, the owner of... 

Barrick and Novagold report first results from 2020 Donlin drilling

7th August 2020 Joint partners in the Donlin gold project, Barrick and Novagold, on Thursday announced the first set of results from this year’s drill programme, with Barrick CEO Mark Bristow saying that the newly obtained data underscored the project’s “significant potential”. The 2020 drilling programme is... 

Trevali accelerates T90 programme as its bolsters liquidity

7th August 2020 Base metals miner Trevali has secured additional liquidity of up to $45-million from its long-term syndicate of lenders and its largest shareholder, Glencore. The Vancouver-headquartered company, which owns mines in Namibia, Burkina Faso, Peru and Canada, entered into a second amendment and... 

215 000 oz/y Yaouré remains on track for December gold pour

7th August 2020 The Yaouré gold project, in Côte d'Ivoire, remains on track to achieve the stretch target of first gold pour in December, dual-listed Perseus Mining reported on Monday. Three employees at Yaouré tested positive for Covid-19 this month, but the company said it had successfully contained the... 

Mountain Province to resume traditional sales next month

6th August 2020 Canadian diamond mining company Mountain Province expects to resume its traditional sales methods in September, after being unable to execute any formal sales during the Covid-hit second quarter. With the market for rough diamonds coming to a virtual halt as a result of the pandemic, the 50%... 

Iamgold cuts guidance on Rosebel’s Covid suspension

6th August 2020 700 000 oz, reflecting the suspension of operations at the Rosebel mine in response to Covid-19 being detected among workers. Operations at the mine in Suriname were halted on June 12. The suspension was lifted on July 24, once national health authorities confirmed it was safe to do so. The... 

Endeavour lifts lid on dividends plan, mulls London or New York listing

5th August 2020 West African gold miner Endeavour Mining expects to reach a net cash position in the coming quarters, at which point it will start rewarding shareholders with dividend payments. With the current gold price outlook, dividend initiation could come quickly, CEO Sebastien de Montessus said on a... 

Hudson to get Greenland mine back up in short order as it restructures debt, arranges capital injection

5th August 2020 The Greenland government has given permission for Canada’s Hudson Resources to remobilise its team back to its White Mountain, despite some Covid travel restrictions, with activities now under way to move the mine from care and maintenance to full operations. Blasting had already resumed and the... 

Minera Alamos buys another Mexico project

5th August 2020 Toronto-listed Minera Alamos has acquired the Cerro de Oro gold project, comprising the Zacatecas I and Zacatecas II concessions near Concepcion del Oro, Zacatecas, Mexico. The acquisition of the two core claims in the district that contain a significant gold project with 76 holes and 8 200 m of... 

Agnico Eagle already thinking about further growth at Kittilä

4th August 2020 Gold miner Agnico Eagle’s Kittilä mining operation, in Finland, has recently received the permit for expanding its processing facility to two-million tonnes a year and CEO Sean Boyd has said that the company is already starting to look at further growth opportunities. The permit is a key... 

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