Perseus Mining (TSX: PRU; ASX: PRU ) is building its second open-pit mine in Cote d’Ivoire and its third in West Africa, and expects to pour first gold in December despite the COVID-19 pandemic. Once built, Yaoure will produce 215,000 oz. gold per year at all-in sustaining costs (AISCs) of US$734Continue Reading
Africa offers pre-production and operating companies large areas of underexplored prospective terrain and, in many countries, established mining legislation. West Africa, in particular, has attracted many explorers, developers and producers looking to deliver competitive returns for shareholders. Notably, a number of countries on this continent have a free carried interestContinue Reading
A SHAREHOLDER vote regarding the proposed merger between Endeavour Mining and SEMAFO is to take place on May 28 after the two companies filed a joint management information circular last week. In addition, the proposed transaction received the support of the Québec Superior Court. The shareholder meetings will be digital owing toContinue Reading
The repair of the stricken Anglo Converter Plant (ACP) Phase B unit has been safely and successfully completed ahead of schedule, Anglo American Platinum (Amplats) said on Monday. Amplats’ chain of processing facilities, as well as the ACP Phase B unit that was meant to replace it, was temporarily closedContinue Reading
Swiss refiner Valcambi tried for five straight days last month to move a shipment of gold out of Hong Kong. Twice the metal was packed carefully onto a plane, only to be offloaded again. After daily attempts and numerous arguments, the gold suddenly arrived in Switzerland without warning, said CEO Michael Mesaric.Continue Reading
Canadian miner Yamana Gold has increased its annual dividend by a further 25% to $0.0625 a share on the back of first-quarter results this year. Yamana noted that this is the third dividend increase announced by it over the past year, representing a cumulative total increase of 213%. For Q1Continue Reading
South Africa’s Petra Diamonds (LON:PDL) has swayed bondholders to receiving an interest payment due Friday to a later date, which would allow it to borrow R400 million ($21m) in new debt, a key move to keep the miner afloat. Petra, which has been hit by a triple whammy of weakContinue Reading
The restart plan and guidance on key economic parameters for Australia-listed uranium company Paladin Energy’s Langer Heinrich uranium operation, in Namibia, are expected to be released during the fourth quarter of the year. Care and maintenance (C&M) activities at the mine continued during the period, ended March 31, and aContinue Reading
In the drilling industry there are many techniques and equipment that have been used over the years to conduct drilling operations, but one of the more exciting and innovative pieces of equipment has been the sonic drilling rig. What Is Sonic Drilling? Sonic drilling is a more efficient method ofContinue Reading
In underground mining environments, gas boosters are often working behind the scenes to pressurize gases for recharging rebreather cylinders, fire suppression, environmental cooling or gas scavenging. Traditional pneumatic and hydraulic gas boosters have some inherent limitations. Pneumatic units work well to boost pressures at intermittent, low-flow rates, but are noisyContinue Reading
