gold mine

Horizon Minerals has raised $6 million in a combined debt and equity funding package for their Boorara gold project in Kalgoorlie, Western Australia.

Australian-based gold explorer and producer, St Barbara, has announced its CEO and managing director Bob Vassie is retiring as managing director and CEO in 2020, his successor to be Craig Jetson.

Macmahon Holdings expects an “acceptable agreement” will be made with Newcrest Mining in the near future regarding an increase in revenue from contracts at the Telfer gold mine in Western Australia.

Resolute Mining has been granted approval for nine mining leases that will help catapult the Ravenswood gold project in Queensland into expansion.

Barrick is in the process of revising its 2019 gold production guidance following the execution of its recent joint venture (JV) with Newmont Mining to create the world’s single largest gold producer.

Kirkland Lake Gold has continued to experience success at the Fosterville mine in Victoria, with a greater amount of high-grade quartz-veins than it previously estimated.

Northern Star Resources has terminated its contract with Westgold Resources’ contracting business Australian Contract Mining (ACM) on a ‘without cause’ basis.

Medusa Mining plans to produce 90,000 to 100,000 ounces (oz) of gold from its high grade Co-O mine in the 2019 financial year.

Regis Resources has received board approval to expand its Rosemont operation. An underground mining operation will be developed directly below the current open pit next year.

Saracen Mineral managing director Raleigh Finlayson is confident the company will reach its goal of becoming a 400,000oz a year gold producer following its recent progress.

AuStar has produced its first gold concentrate from the Rose of Denmark (RoD) underground mine in Victoria.

Australian gold producer St Barbara has extended its air charter services contract to Alliance Aviation Services by a further three years.

The Super Pit rock falls have caused joint owner Newmont Mining to reduce its Australian gold production guidance to between 1.4 and 1.6 million ounces in 2018.

Blackham Resources has announced a mine plan extension for its Golden Age underground gold mine, which has been extended six months to the end of December.

Western Australian gold company Red 5 has finalised its acquisition of the Darlot mine and the King of the Hills project in the state’s Eastern Goldfields.

Evolution Mining is considering the sale of its Edna May gold mine in Western Australia, after receiving several acquisition offers.

Thailand’s Government has lifted the temporary suspension of Kingsgate Consolidated’s Chatree gold mine, allowing it to reapply for a mining license.

Mining activities have resumed at WPG Resources’ Tarcoola gold mine in South Australia, after it was temporarily suspended due to heavy rainfall.

Empire Resources has secured $7.5 million in funding for its Penny’s Find gold mine in Western Australia’s Eastern Goldfields, set to take the mine into full production.

Resolute Mining’s Ravenswood expansion project has taken a crucial step forward with the Queensland Department of Environment and Heritage Protection providing the final environmental approval.