Gold miner Newcrest Mining has released its half-year results, posting a statutory profit of $98 million and underlying profit of $116 million as it produced 1.14 million ounces (Moz) of gold.
Dacian Gold has confirmed the Cameron Well prospect as the “third significant gold discovery” at its Mt Morgans gold project near Laverton in Western Australia.
Zenith Energy has executed a power purchase agreement (PPA) to build, own and operate a 62MW power station for Newmont Mining’s Tanami gold mine in the Northern Territory.
Westgold Resources expects to lose about a week of production at its Central Murchison gold operation in Western Australia following a severe storm last weekend.
Gold miner Intermin Resources has consolidated tenements making up the Lakewood project near Kalgoorlie in Western Australia.
Gold aspirant De Grey Mining has executed a deal to acquire the Indee Gold project in the Pilbara from Northwest Non-Ferrous Australian Mining (NNAM) for $15 million.
OZ Minerals and Minotaur Exploration have mutually decided to end an exploration collaboration in the Prominent Hill area of South Australia.
MinRex Resources has announced gold assay results of up to 17.1 grams per tonne from rock chip sampling at its Marble Bar project in the Pilbara, Western Australia.
BHP is continuing a recruitment drive for the Olympic Dam mine in South Australia as it ramps up operations to full capacity in the current quarter.
Anglo American plans to withdraw from the Star Mountains copper-gold exploration joint venture with Highlands Pacific in Papua New Guinea.
Brazilian-focused miner Avanco has delivered a 20 per cent increase in gold ounces at its CentroGold project in Maranhão State.
Global gold mine production finished 2017 fractionally higher than the previous year, according to the World Gold Council (WGC).
Arrow Minerals has secured an agreement with nickel-gold producer Independence Group (IGO) to enter into a joint venture for the Plumridge nickel project in Western Australia.
Gold Road Resources has confirmed an agreement to acquire Sumitomo Metal Mining’s 50 per cent interest in the South Yamarna project in Western Australia for $7 million.
Millennium Minerals has appointed engineering firm Ausenco to complete a feasibility study on an alternate processing option as part of its sulphide ore expansion study at the Nullagine gold project in Western Australia.
Western Australian explorer Newfield Resources, known for its gold projects in WA and diamond projects in Sierra Leone, has announced a takeover offer to acquire UK-based junior Stellar Diamonds.
Junior explorer Artemis Resources has received commitments to raise $6.5 million in capital to fast track its planned mining and exploration activities in Western Australia.
Gold miner Regis Resources has delivered record production at its Duketon operation in Western Australia’s Goldfields for the third consecutive quarter.
Gold performed well in 2017, with its value improving by 13 per cent in US dollar terms over the year. The precious metal’s price rise was, however, no match for bitcoin, which enjoyed a 13-fold increase in value by the end of the year.
Newcrest Mining has increased gold output at all but one of its operations in fourth quarter 2017, putting the company on target to hit its production guidance for the 2018 financial year.