gold

Northern Star Resources has withdrawn its production and cost guidance for the 2020 financial year given the uncertainty caused by the coronavirus pandemic.

Ok Tedi is planning to minimise the impact of the coronavirus pandemic on its Papua New Guinea operations after the country declared a state of emergency on Monday.

Marmota chairman Colin Rose has awarded one million of his personal shares in the company to three employees, claiming the company is in “its strongest financial position in years”.

BHP has awarded NRW Contracting with a $48 million airport upgrade contract at the Olympic Dam project in South Australia.

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

Australian gold prices have dropped by $35.50 an ounce as the worldwide economy is affected by the coronavirus.

Barrick Gold plans to extend the life of the Pueblo Viejo gold mine in the Dominican Republic beyond 2040.

Alkane Resources has delivered high grade gold results for the Roswell prospect in East Lachlan, New South Wales, with its resource definition drilling program nearing completion.

Geopacific Resources has made major strides to push its Woodlark gold project on the Woodlark Island in Papua New Guinea (PNG) into production.

Australian gold production reached an all-time record of 325 tonnes last year, with a particularly outstanding December quarter, according to Surbiton Associates.

Gold producers are continuing to relish record prices, as the commodity once again listed an all-time high, skyrocketing to $US1666 ($2520) this morning.

Newmont has approved a $US150 million ($227 million) investment in a Caterpillar autonomous haulage system (AHS) at the Boddington gold mine in Western Australia.

For many years mining companies have been urged to improve how they collaborate in the industry and their supply chain through joint ventures and partnerships.

Global demand for gold last year has declined despite record investment inflows on the back of US dollar gold price rallying to a six-year high.

Northern Star Resources has finished off the December quarter as a one million ounce per year gold producer with four Tier 1 assets.

Stay on top of the most popular stories on Australian Mining over the past week, including an update on the progress being made at BHP’s South Flank iron ore project in the Pilbara.

Diversified Minerals has confirmed that a PYBAR Mining Services contract worker has been trapped underground at the Henty gold operation in Tasmania after part of the mine collapsed.

The Perth Mint has released Jewelled Tiger coins featuring rare pink diamonds from Rio Tinto’s Argyle mine in Western Australia.

Stay on top of the most popular stories on Australian Mining over the past week, including a sharp increase in the Australian dollar gold price following the Iranian missile attacks.

Rio Tinto has sole funded over $11 million in exploration expenditure on Antipa Minerals’ Citadel project in Western Australia, culminating in the formation of a joint venture between the two companies.