- Write by:
-
Wednesday, January 19, 2022 - 12:57:49
-
429 Visit
-
Print
Mining News Pro - South Africa’s AngloGold Ashanti expects to start producing gold in Nevada, US, by 2025 at the latest, as the company officially took over Canada’s Corvus Gold on Tuesday.
The bullion producer said the nearly $370 million acquisition of the Canadian junior opened up a new, precious metals-rich jurisdiction for the company — the Beatty gold district, in south-central Nevada.
Corvus held the North Bullfrog, Mother Lode and other exploration assets located in close proximity to, or contiguous with, AngloGold’s exploration assets of Silicon, Transvaal and Rhyolite.
AngloGold said the assets combination would help the Beatty district become a Tier-1 asset, a large, long life and low cost deposit that develop into “company making” mines.
The company said it plans to develop North Bullfrog first, with production in the next three to four years. Next in line would be Silicon, Merlin (including Lynnda Strip) and Mother Lode. Targets will be considered with strict reference to the company’s capital allocation framework.
Corvus, which will now delist from the TSX, announced in 2020 preliminary economic assessments (PEAs) for North Bullfrog and Mother Lode projects as two standalone mines.
Short Link:
https://www.miningnews.ir/En/News/618444
Marex Group Plc and a group of the London-based firm’s shareholders raised about $292 million in a US initial public ...
Australian Strategic Materials ASM.AX said on Friday it has received a non-binding letter of interest for a debt funding ...
Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the ...
The Democratic Republic of Congo’s government notified Apple Inc. of concerns that the company’s supply chain may be ...
Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world’s largest gold miner ...
India is in talks with several countries seeking partnerships for technical help on lithium processing, said four ...
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines ...
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
No comments have been posted yet ...