Global miner Newmont Corp. has completed the previously disclosed sales of the Musselwhite and Éléonore operations in Canada and the Cripple Creek & Victor operation in the United States, as part of a divestment plan of non-core assets. Orla Mining purchased the Musselwhite gold mine in Ontario for an upfront cash consideration of $810 million and gold-price linked contingent consideration…
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British Columbia fast-tracks 18 mining and energy projects
In the face of ongoing tariff threats from the United States, the British Columbia government said it is working to accelerate 18 critical mineral and energy projects worth roughly $20 billion, reported The Canadian Press. Premier David Eby said that the government was expediting some projects to diversify the economy, assuming there would be “four years of continual on-and-off tariff…
Read MoreNewmont divests Éléonore gold mine
Newmont has agreed to sell its Éléonore operation in Northern Quebec, Canada, to UK-based Dhilmar for $795 million in cash consideration as part of the miner’s plan to divest its non-core assets. “Today’s announcement is another step forward in Newmont’s journey to create a go-forward portfolio of Tier 1 gold and copper assets, each with the scale and mine life…
Read MoreNewmont offloads Musselwhite to Orla Mining
Newmont has agreed to sell its Musselwhite gold mine in Ontario, Canada, to Vancouver-based Orla Mining for up to US$850 million in total consideration. “We are pleased to be selling our Musselwhite operation to Orla and have full confidence that they will continue to operate responsibly, while maintaining strong partnerships with the mine’s workforce and local and Indigenous communities,” said…
Read MoreFUNCTIONALITY OF FIBER WITH THE SIMPLICITY OF COAX
StrataConnect DigitalBRIDGE™ is a multi-functional Power-over-Ethernet (PoE) coaxial cable network that is ideal for extending fiber optic networks into the mine’s working section. Mini Case StudyA gold mine in Western Africa wanted to establish a network to provide a high-speed data backhaul from their underground operation to the surface, without running fiber. The mine already had an existing fiber optic backbone…
Read MoreAscot halts Premier operations
Ascot Resources has placed its Premier gold mine in northwestern British Columbia on care and maintenance to enable ample mine development. Currently, the number of stoping areas is insufficient for the amount of ore needed to feed the mill adequately. The Canadian miner’s initial estimate is that approximately three to six months of development will be required to be undertaken,…
Read MoreEquinox Gold celebrates Greenstone opening
Equinox Gold held an official opening of its Greenstone gold mine in Geraldton, Ontario, Canada, on August 29, which included remarks from the mine’s Indigenous Partners, government dignitaries and Equinox Gold’s leadership team. “Today is a pivotal milestone for Equinox Gold. After almost three years of construction and commissioning the Greenstone mine is now a reality and will be a…
Read MoreVictoria Gold’s Eagle mine enters government receivership
Victoria Gold has received an application for receivership from the Yukon government for its Eagle gold mine following a heap leach failure at the site on June 24. The application, which was delivered via court petition, will be appealed, the Whitehorse-headquartered company said. The Yukon government is seeking appointment of a receiver over the property and the company as well…
Read MoreThiess, Augment Technologies partner on AI-solution
Thiess has partnered with Augment Technologies to leverage the latter’s AI-driven 3D blast movement software to create a Muckpile Block Model. “With the Muckpile Block Model, we are set to revolutionise our operations in providing accurate understanding of ore loss and dilution after a blast, enabling operations upstream and downstream to make better decisions,” said Thiess in a LinkedIn post.…
Read MoreVictoria Gold’s Eagle idled after heap leach incident
Yukon Territory, Canada miner Victoria Gold said the heap leach at its Eagle gold mine near Mayo, north of Whitehorse, has had a failure, causing operations at the site to stop. While details are scarce about the June 24 incident, the company said none of its employees were injured. “At this early stage, it can be confirmed that there has…
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