Newmont proposes Newcrest US$16.9 billion takeover

In a move to combine two of the top senior gold producers, U.S.-based Newmont has submitted a non-binding proposal to acquire 100% of the issued share capital of Australian peer Newcrest Mining by way of a scheme of arrangement. If successful, it would be the largest mining takeover and the third-largest corporate buyout in Australian history, according to Refinitiv data.…

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Nevada Gold Mines going solar

Barrick Gold-owned and operated Nevada Gold Mines (NGM) has taken the first shovel of dirt from the ground near Dunphy, Nev., for a 200-megawatt, alternating current (MWAC) photovoltaic solar facility that will help to fast-track the company’s decarbonization program. The TS Solar Facility, which will be adjacent to NGM’s TS Power Plant, will be constructed in one phase with commercial…

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Kinross’ Round Mountain goes underground 

Kinross revealed during its third-quarter earnings report that it has completed the optimization program for its Round Mountain operation in Nevada and has decided to extract using underground methods instead of advancing an expansion plan for its open-pit workings. The optimization program evaluated four primary options: a Phase S open-pit pushback, Phase W3 open-pit pushback, Phase X underground, and Gold…

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Round Mountain going down 

Kinross revealed during its third-quarter earnings report that it has completed the optimization program for its Round Mountain operation in Nevada and has decided to extract using underground methods instead of advancing an expansion plan for its open-pit workings. The optimization program evaluated four primary options: a Phase S open-pit pushback, Phase W3 open-pit pushback, Phase X underground, and Gold…

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