A four-month-long labor strike has been lifted at Newmont’s Penasquito gold mine in Mexico after a deal was reached between workers and the firm to boost salaries, according to statements from the union and Mexico’s labor ministry on Thursday.
“The approvals include ones from the Australian Foreign Investment Review Board and competition authorities in Australia, Canada and Papua New Guinea,” Newcrest said in a statement.
Sandstorm Gold Ltd. is pleased to report that the Company sold approximately 21,100 attributable gold equivalent ounces and realized preliminary revenue of $41.2 million during the three months ended September 30, 2023, (22,606 attributable gold equivalent ounces and $39.0 million in revenue for the comparable period in 2022).
James Anderson, Chairman and CEO, said, “The numerous mineralized systems in the Guanajuato district have exhibited high grades for over 450-years; with this in mind, we are adjusting a number of our operational strategies in order to focus on mining higher grade material at abridged volumes.”
Fortuna Silver Mines Inc. reports record gold and gold equivalent production for the third quarter of 2023 from its five operating mines in West Africa and Latin America. Gold and silver production for the quarter was 94,821 ounces and 1.7 million ounces, respectively, or 128,671 gold equivalent ounces, including lead and zinc by-products.
Alexander Langer, President & CEO of Sierra Madre stated, “DTC eligibility compliments our recent listing qualification on the OTCQX® Best Market, announced on July 28, 2023. Obtaining DTC Eligibility represents the company’s commitment to increasing visibility and accessibility for shareholders in the United States.”
The partnership will utilise Epiroc’s portfolio of automation technologies at many of Newcrest’s mines. Australian-based gold miner Newcrest has signed a memorandum of understanding (MoU) with Swedish
Pierre Gauthier, President and CEO of Auxico Resources Canada Inc. comments, “We are very pleased to announce the successful conclusion of the mining title registration process and exclusive operating agreement for the Minastyc Project; having received the right to exploit the property for the next two decades greatly reduces project risk.”
“The Monumental Minerals drilling program at Jemi was the first in the area, with all drill holes targeting prospective areas based on surface geochemistry and 3D aeromagnetic geophysics. Interpretation of drilling results including assays and core logging show that Jemi continues to be a highly prospective target for rare earth elements. Our initial drilling campaign has proven very valuable in vectoring toward potential buried mineralization at Jemi.”
“I am excited to be joining the Goldgroup team and looking forward to assisting the Company in improving mining operations at the Cerro Prieto open pit gold mine and directing future exploration on the underexplored property to increase resources and reserves to allow the Company to extend the project’s mine life.” States Ralph Shearing,
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