MMG shuts Las Bambas copper mine due to protests

Mining News Pro - China-backed miner MMG Ltd has placed its vast Las Bambas copper mine in Peru, the world’s second largest producing nation of the metal, on care and maintenance due to ongoing community unrest triggered by the destitution of President Pedro Castillo late last year.

British Columbia First Nations forge partnership to participate in Seabridge Gold’s KSM project

Mining News Pro - British Columbia’s Tahltan Nation and Nisg̱a’a Nation announced Thursday that they have joined together in a new partnership that brings new life to a historic and centuries-old Peace Treaty, through the Treaty Creek Limited Partnership.

Mexican court allows Fortuna Silver to keep mining at San Jose for now

Mining News Pro - Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) reported Wednesday that the Mexican federal administrative court has granted a provisional injunction to allow the company’s San Jose mine to continue to operate under the terms of the 12-year environmental impact authorization (EIA).

B2Gold meets production guidance for seventh year running

Mining News Pro - B2Gold (TSX: BTO) produced 1.03 million oz. gold last year with 367,870 oz. or about 36% of the total coming from the fourth quarter.

New solution aims to effectively monitor tailings facilities from space

Mining News Pro - A new solution that uses satellites and earth observation coupled with ground sensors to monitor mine tailings facilities was recently launched by a Tokyo-based company and a London-based startup.

Barrick misses gold guidance as output sinks to 22-year low

Mining News Pro - Barrick Gold Corp.’s bullion output slid last year to its lowest level since 2000, missing analysts’ expectations and its own target as operational woes curbed production.

Gold price eases from 8-month peak as investors await inflation data

Mining News Pro - Gold halted its latest rally on Wednesday as investors positioned themselves ahead of new US inflation data that could hint at the Federal Reserve’s policy path, with expectations mounting that slower rate hikes are on the horizon.

Dynasty Gold shares hit new high on best assays to date from Thundercloud property

Mining News Pro - Dynasty Gold has released assay results from its Phase 1 2022 drill campaign at the Thundercloud property located 47 km southeast of Dryden, Ontario. These results are the best ever reported from the project, the company says, constituting the discovery of wide zones and high-grade gold-bearing quartz veins that require further delineation.

Lundin Gold stock rises as it beats production guidance for second straight year

Mining News Pro - Lundin Gold, which owns and operates one of the world’s highest grade gold mines in southeast Ecuador, has exceeded its production guidance for the second year in the row.

Transformed Dolly Varden Silver in discovery mode, says CEO

Mining News Pro - Looking back on the past two years since he took the reins as CEO of Dolly Varden Silver, Shawn Khunkhun points to a critical acquisition the company made in December 2021 as being the lynchpin to the company’s recent exploration and fundraising success.

Fortuna Silver stock tanks as Mexico challenges environmental approvals for San Jose mine

Mining News Pro - Fortuna Silver Mine stock fell 11% on Thursday after a decision to re-asses the extension of the San Jose mine Environmental Impact Authorization.

Royal Gold bolsters royalty position at Nevada’s Cortez complex with $204m deal

Mining News Pro - Royal Gold has further consolidated its royalty position at the Cortez gold complex in Nevada, which has been operating since 1969 and produced approximately 27 million ounces of gold to date.

Fresnillo begins full load commissioning of Juanicipio project

Mining News Pro - Fresnillo (LSE: FRES) has achieved a significant, long-awaited milestone in the commissioning of its Juanicipio project in Mexico.

Maduro exhorts Venezuelan army to combat environmental destruction caused by illegal gold mining

Mining News Pro - Venezuela’s head of state Nicolás Maduro publicly asked the Operational Strategic Commander of the Bolivarian National Armed Forces (Fanb) to ramp up efforts against illegal gold mining in the southeastern Amazonas and Bolívar states.

Recession risk, stagflation set stage for positive gold performance in 2023

Mining News Pro - It has been a year to forget for gold. The precious metal is closing in on a second consecutive yearly decline, with prices down by $250 an ounce since its March highs as central bankers stepped up their aggressive fight against inflation.

Turns out that gold objects were also valued during the Bronze Age

Mining News Pro - Archaeologists from the University of Leicester and the University of Southampton have identified a 4000-year-old gold-working toolkit amongst the grave goods from an important Bronze Age burial near Stonehenge.

World Gold Council sees positive 2023 outlook for gold amidst global uncertainty

Mining News Pro - Despite an “unusually high level of uncertainty” surrounding consensus expectations for 2023, on balance, a “mixed set of influences implies a stable but positive performance for gold,” the World Gold Council states in its Gold Outlook 2023: The global economy at a crossroads.

PRECIOUS-Gold firms as dollar slips

Fed's rate-hike bets cap advance

Mining News Pro -Gold rose on Tuesday as the dollar dipped, although lingering worries about further interest rate hikes from the U.S. Federal Reserve kept the non-yielding bullion’s gains in check.

Metalla buys First Majestic Silver royalty portfolio

Mining News Pro - The deal will add about 7 million silver-equivalent ounces at about $2.90 per oz. on royalties covering an underlying 343 million oz. of metal to Metalla’s holdings.

Wesdome Gold falls after output drop, but analyst sees brighter future

Mining News Pro - Shares in Wesdome Gold Mines shed nearly 11% of their value on Friday after the company reported production was down nearly a quarter from a year ago, while conditions at its Kiena mine in Quebec are challenging.

Asante Gold conditionally approved for Toronto venture exchange listing

Mining News Pro - Canada’s Asante Gold said on Tuesday it had been conditionally approved to list its common shares on the TSX Venture Exchange, which offers earlier-stage companies access to public venture capital.

Hecla Mining ups guidance on strong preliminary Q3 results

Mining News Pro - Hecla Mining Company (NYSE: HL) has reported strong preliminary production results for the third quarter of 2022. As such, the company has increased its silver and gold production guidance for the fiscal year.

Aura Minerals advances Matupá gold project in Brazil closer to production with FS release

Mining News Pro - Aura Minerals has released the results of a feasibility study for its wholly owned Matupá gold project located in Mato Grosso, Brazil. Matupá will be an open pit mine situated in the Alta Floresta gold province, a prolific region with large companies operating and exploring in the area, including Anglo American, Codelco, Nexa Resources, Iamgold and Yamana Gold.

Pebble mine stakeholders up pressure as EPA’s final decision nears

Mining News Pro - Opponents and supporters of Northern Dynasty Minerals’ long-stalled Pebble copper-gold project in Alaska are stepping up pressure on the US Environmental Protection Agency (EPA) to make a decision on the proposed mine that both groups deem fair.

Gold price extends rally as Treasury yields retreat continues

Mining News Pro - Gold extended its rally on Monday, supported by a continued decline in Treasury yields, as traders weighed concerns that central banks’ monetary tightening will lead to recession and the possibility that bond rates may have reached a peak.

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