goldmining
Endeavour Mining (TSX:EDV,OTCQX:EDVMF) reported its first gold pour at the Sabodala-Massawa BIOX expansion in Senegal just 24 months after construction of the project commenced. “We are proud to have achieved our first gold pour at the Sabodala-Massawa BIOX Expansion with over 3.5 million man hours worked with no lost time injuries,” commented CEO Ian Cockerill in the company’s announcement. “We have commissioned the project and delivered first gold in only 2 years, marking the fourth capital project that we have completed in the last 10 years. All of these have been completed in two years or ...
Investing News Network
Newmont (TSX:NGT,NYSE:NEM) released its Q1 results on April 25, saying it is on track to achieve guidance. In Q1, the world's largest gold miner reported attributable gold production of 1.7 million ounces, up from the previous year's 1.3 million ounces. The company's shares rose as much as 13.57 percent on the news to hit US$43.84. Emphasizing the strength of its Tier 1 gold and copper assets, Newmont said it generated US$776 million in cashflow from its operating activities during the period, net of working capital changes of US$666 million. The company continues working to divest non-core as...
Investing News Network
By Timothy J. Killeen Gold is universally recognized as a form of money that has retained value over decades, centuries and millennia. Since it is non-corrosive and precious, approximately 95% of the gold mined since the dawn of civilization remains in circulation (~205 million tonnes). The largest share (~47%) is held as jewelry, which in addition to its sentimental value is an important store of family wealth. Governments hold ~17%, which was used historically to back the value of national currencies and, although this is no longer the case, these reserves are often used in times of politica...
Mongabay
By Timothy J. Killeen Mineral extraction is a major cause of contention among the inhabitants of the Pan Amazon. Thousands of families depend on economic activity that originates, directly or indirectly, from the mining and hydrocarbon industries. Simultaneously, thousands of families suffer, directly or indirectly, from the impacts caused by the exploitation of non-renewable natural resources. The mineral sector can be organized into three areas based on the type of commodity being extracted: (1) Industrial minerals, such as iron ore, bauxite, copper, zinc, magnesium, nickel, lead, molybdenum...
Mongabay
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