Dual-listed (ASX and TSX) Chalice Gold Mines announced yesterday that it will pull out of a joint venture agreement with Pilbara explorer Red Hill Iron, having deemed the company’s results inadequate.
Western Australian gold mining company Blackham Resources has announced that contractor MACA is to loan the company $14.3 million to help repay its $14.8 million debt to financier Orion.
Marmota has returned its first assay results from the Aurora Tank project, which commenced drilling in November 2017.
Junior explorer AuStar Gold has returned positive assay results from its Rose of Denmark gold mine, just north of Gaffney’s Creek in Victoria.
Resolute Mining has implemented a gold hedge following sales of 72,000 ounces of gold at an average price of $1715 per ounce, representing a premium over its budget $1600 price.
Australian gold company Perseus Mining has released initial mineral resource and ore reserve estimates for its Yaouré gold project in Côte d’Ivoire, West Africa.
Evolution Mining has set several new company records following the publication of its quarterly report, including gold production, which hit 220,971 ounces (6.26 tonnes), and mine cash flow ($210.4 million, net $158.3 million).