Mining News
Barrick will use proceeds from the sale to further strengthen its balance sheet.
According to Badawi, developing agreement systems in line with global standards is a key pillar of the Ministry’s work strategy.
The robust production during the quarter reflects strong positive operational momentum heading into the year.
The Ada Tepe mine produced approximately 12,500 ounces of gold in the first quarter, in line with expectations.
The company improved its financial performance, despite higher costs.
The informal nature of the work has also led to deadly clashes, both over access to mining sites and the markets in which to sell the metals and raise investments.
The primary crusher ROM wall is also complete, with backfilling of the ROM pad currently in progress.
Equinox Gold has been engaged in collaborative negotiations with all the three local communities since November 2023.
The annual gold sales stood at 21,527 ounces at an average realized gold price of $2,332 per ounce.
Newmont acquired the previous owner, Newcrest, in November 2023.
Aura envisions Borborema to be a strong economic driver and a testament to its strategic growth in Brazil's mining landscape.
Allied Gold reported Q4 net loss of $10.3 million or $(0.03) per share and adjusted earnings of $9.5 million or $0.03 per share.
At the peak of construction, over 120 local jobs were generated, and 13 individuals have been trained and employed to maintain the Fekola Solar Plant expansion area following completion.
It must be noted that the firm is also the second largest investor in Equinox as of end-2024.
