Saracen Mineral Holdings is on track to produce a record 150,000 to 155,000 ounces of gold across its operations during the March quarter, seeing minimal impact from the coronavirus pandemic.
Stay on top of the most popular stories on Australian Mining over the past week, including BHP planning to hire an additional 1500 workers to support the coronavirus-hit economy.
Northern Star Resources has withdrawn its production and cost guidance for the 2020 financial year given the uncertainty caused by the coronavirus pandemic.
Gold producers are continuing to relish record prices, as the commodity once again listed an all-time high, skyrocketing to $US1666 ($2520) this morning.
Rand Mining will be placing the Raleigh underground mine in Kalgoorlie on care and maintenance this April as the southern mining area has been deemed unsafe.
Northern Star Resources has finished off the December quarter as a one million ounce per year gold producer with four Tier 1 assets.
Tribune Resources has commenced legal proceedings in the Supreme Court of Western Australia against the Northern Star Resources group of companies.
Saracen Mineral Holdings has “entered the next league of Australian gold miners” after a record December 2019 quarter, according to company managing director Raleigh Finlayson.
Rio Tinto has awarded a $115 million contract to Primero for its Koodaideri iron ore mine in the Pilbara, Western Australia.
Northern Star Resources has completed its takeover of Echo Resources, having acquired a relevant interest of 98.14 per cent in the Australian gold company.
Evolution Mining is the latest Australian gold miner to target North America for expansion after securing a deal to acquire the Red Lake Gold Complex in Canada from Newmont Goldcorp.
Australian investors have flocked to gold as a safe haven commodity amid rising fears of a global recession.
Northern Star will invest $US30 million ($43 million) in an expansion of the processing plant at its Pogo gold mine in Alaska.
Northern Star Resources has boosted its group reserves by 35 per cent to 5.4 million ounces, at a time when numbers in the gold industry across Australia and overseas are falling.
The Australian gold price has continued to surge this week, breaking the $2,000 an ounce mark for the first time amidst global uncertainty.
St Barbara managing director and CEO Bob Vassie says that the company’s upcoming takeover of Canadian company Atlantic Gold “ticks all the boxes” for St Barbara’s strategy.
A list of the top five Australian cities for graduates has been published, with the country’s larger urban hubs nowhere to be found.
Northern Star Resources is driving Echo Resources’ plan to raise up to $15 million to continue an exploration growth strategy.
Northern Star Resources is confident of achieving record gold production in the fourth quarter of the 2019 financial year with the ongoing ramp up at the Pogo mine in Alaska, United States.
Northern Star’s Pogo gold mine could see a boost to its mineral resource after returning strong exploration results outside of the existing resource.