US-based gold miner Newmont has reported a net loss attributable to its stockholders of $2.47bn for the financial year 2023, in the wake of substantial impairment and reclamation charges. The loss was driven by $1.9bn in impairment charges, $1.5bn in reclamation charges, and $464m related to the Newcrest takeover and integration costs.

The Government of Québec in Canada has agreed to support Newmont Goldcorp's mine 4.0 plan, which aims to create an 'interconnected mine of the future'.. The move will see the government investing C$1.75m ($1.3m) in a project at Newmont Goldcorp's Eleonore mine, where the site facilities will be connected to the existing regional fibre optic network.

Burkina Faso has revised its mining code to enable it to take more in royalties in boom times after gold production fell. The West African nation increased the minimum royalty rate for spot price ...

Credit: RitaE from Pixabay. West-Africa focused gold producer Endeavour Mining has restarted the Boungou mine in Burkina Faso, which was closed last November after an attack on a convoy carrying employees. The attack claimed the lives of 39 people. At the time, the mine was owned by Quebec-based Semafo, which was acquired by …

April 9, 2018. Share this article. Six miners have been killed following the collapse of the roof of a tunnel at Newmont Mining's Ahafo Mill Expansion (AME) project in Ghana. The accident occurred as an eight-person contractor crew was working inside the reclaim tunnel of the project. Two of the eight workers also suffered minor injuries as a ...

Burkina Faso has been experiencing a mining boom since the early 2000s, mainly in gold but also in the zinc and manganese sectors. Today, the country is Africa's fifth-largest …

The first blast occurred at around 2pm on 21 February, followed by more explosions in the Poni province. An explosion near the informal gold mine in southwestern Burkina Faso has resulted in the deaths of at least 55 people and wounded more than 100 others. Citing Sansan Kambou, a forest ranger who was at the site at the time of the …

According to Newmont, the Peñasquito gold project provided $1.9bn in "economic value" to Mexico. This number is comprised of taxes and royalties paid to the state, wages paid to the employees and community infrastructure investments. Peñasquito has been beset by strike action in the past. In 2019, an illegal blockade was established …

Newmont Mining Corporation (NYSE: NEM) achieved commercial production at its Twin Creeks Underground expansion project located in Nevada. The company says that Twin Creeks Underground mine will ...

The GDP of Burkina Faso was $22.32 billion in 2011. The natural resources of Burkina Faso are limited and include gold, manganese, limestone, and marble. Phosphates, pumice, and salt are also available in small quantities. The mining sector of the country is currently undergoing a big change as nearly 60 international companies …

The Conga project is located approximately 560 miles (900km) north of Lima, at an altitude of 13,400ft (4100m) above sea level. It is situated near the Newmont Yanacocha gold mine, where installed what was then the world's largest single-stage SAG mill, a 32ft x 32ft (9.75m x 9.75m) EGL mill, driven by a 16.5MW ABB gearless motor, in 2008.

Credit: Postmodern Studio/Shutterstock. Mining giant Newmont has concluded the $16.8bn (A$26.2bn) takeover of Newcrest Mining, leading to the formation of what it claims to be the globe's leading gold miner. The merged entity will also have a "robust" production of copper, stated Newmont. Last month, Newcrest Mining's …

Situated in southwestern Burkina Faso, near the border with Ghana, the area is home to several producing mines, including Yaramoko (Roxgold), Hounde (Endeavour), Poura (Newmont), Bondi (Sarama).

Avesoro Resources' subsidiaries Burkina Mining and Netiana Mining have signed an open pit mining contract with Orkun Group at the Youga Gold Mine in Burkina Faso.. The mining programme is based on the excavation of approximately 800,000 to 900,000 bank cubic metres (BCM) of material per month, including a monthly minimum of 120,000t of …

Newmont operates two mines in the West African country. Ahafo, which produced its first gold in mid 2006, and Akyem, which began commercial production in 2013. The Ahafo and Akyem projects comprise about 20% of our Newmont's assets worldwide.

2023 Results1. Completed the acquisition of Newcrest Mining Limited on November 6, 2023, creating the world's leading gold company with robust copper …

Gold production in Burkina Faso and major projects. According to GlobalData, Burkina Faso is the world's fourteenth-largest producer of gold in 2022, with output up by 7% on 2021. Over the five years to 2021, production from Burkina Faso increased by a CAGR of 9% and is expected to rise by a CAGR of 2% between 2022 …

Canadian mining firm Trevali will close its Perkoa zinc mine in Burkina Faso, ... The project is currently being developed as an earn-in joint venture signed with Newmont in July 2022.

April 20, 2017. Share this article. Newmont Mining has announced plans to build a new underground mine and expand plant capacity by more …

December 9, 2020. Companies, Markets & Finance. Africa & Middle East Americas. Facebook. Twitter. LinkedIn. Reddit. Email. US Gold mining group Newmont will invest US$500 million over the next...

However, production from Burkina Faso was estimated to have grown by 2% in 2020, despite the impact of COVID-19. AngloGold Ashanti Ltd, Newmont Corp., Gold …

Russia's gold mining firm Nordgold has closed its Taparko mine in Burkina Faso and declared force majeure over security concerns in the country, reported Reuters citing a company statement.. Nordgold subsidiary Société des Mines de Taparko (SOMITA) director-general Alexander Hagan Mensa was cited by the news agency as saying that …

Executives from the two companies have enthused that the miner could produce up to seven million ounces of gold a year, and Newmont's share price has jumped from $34.90 in March 2019 to $41.64 a year later, peaking at $52.34 at the beginning of March 2020. These moves have kept shareholders happy – the company posted returns …

Opening bids for the mine, which Anthony said are due by the end April, come amid soaring prices for bullion. Akyem produced 420,000 ounces of gold a year at the end of 2022, according to Newmont ...

US-based gold producer Newmont Mining has collaborated with mining equipment manufacturer to deliver a zero-emissions mining system to improve safety and productivity in the industry. The collaboration will contribute to Newmont's greenhouse gas (GHG) emissions reduction targets. Newmont previously pledged to …

July 27, 2018. Share this article. Newmont Mining has signed an agreement to buy a 50% stake in the Galore Creek copper-gold project in British Columbia, Canada, from NovaGold Resources for $275m. Galore Creek is an undeveloped asset with estimated resources of eight million ounces of gold and nine billion pounds of copper.

PROJECTS - G MINING - Newmont keen to expand mining in west Africa | Reuters. West Africa. The Essakane mine has been in operation since July 2010 and is the largest gold mine in Burkina Faso. GMS' Team acted as project managers in the development and construction of the Essakane mine from 2008 to 2010.Permit in Burkina Faso.

Endeavour Mining dispose de quatre mines au Burkina Faso et emploie plus de 3 000 personnes. Les Burkinabè représentent 95% de l'effectif global de l'entreprise. Ce sont notamment les mines d'or de Houndé dans le Tuy, Mana dans la province du Mouhoun, la mine de Boungou dans la Tapoa et la mine de Wahgnion dans …

October 31, 2011. Share this article. Blackthorn Resources subsidiary Nantou Mining has received a three year renewal for its Seboun and Sepaogo exploration permits in Burkina Faso. Seboun and Sepaogo exploration permits cover an area of 185sq km and 26.4sq km respectively, and are strategically located adjacent to the Poa and Guido permits to ...

Burkina Faso to the north. Approximately 21 million people inhabit Ghana, an area approximately 670 km north to south and 560 km east to west totaling 238,540 square …