News

The gold price took a knock yesterday when the US central bank delivered half the interest rate cut investors wanted, with the sliding share prices that followed a warning shot for investors making the trek to next week’s Diggers and Dealers conference in Kalgoorlie.

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The Pogo gold mine in Alaska is on its way to becoming Northern Star Resources’ flagship operation after strong resource growth (reports MiningNews).

The Pogo gold mine in Alaska is on its way to becoming Northern Star Resources’ flagship operation after strong resource growth (reports MiningNews). Resources at Pogo jumped 43% to 5.95 million ounces at 9.6 grams per tonne gold, the largest resource in the project's history. Northern Star also declared a maiden reserve for Pogo of 1.5Moz at 7.5gpt gold. The growth in Pogo's resource drove a 31% jump in group resources to 20.8Moz, after depletion of 915,000oz and 1.9Moz shifted to unclassified and removed at the Kalgoorlie operations.

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Northern Star says the performance of its Pogo mine in Alaska is improving but there is still a long way to go before mining operations there run as well as its Australian assets (reports The Australian Financial Review)

Northern Star says the performance of its Pogo mine in Alaska is improving but there is still a long way to go before mining operations there run as well as its Australian assets (reports The Australian Financial Review). Bill Beament-led Northern Star welcomed a 33 per cent improvement in sales from Pogo to 48,009 ounces in the June quarter compared with the previous three months and lower costs, but said there was still work to do to get the mine up to speed with the Jundee and Kalgoorlie operations in Australia.

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1st August 2019

Saracen Mineral Holdings has outlined a plan that will see it produce 400,000 ounces of gold per annum for at least seven years (reports MiningNews).

Saracen Mineral Holdings has outlined a plan that will see it produce 400,000 ounces of gold per annum for at least seven years (reports MiningNews). The company's record FY19 exploration spend of A$50 million has resulted in it declaring record reserves of 3.3 million ounces of gold, up 32% from this time last year even after depletion of 330,000oz. The discovery cost per reserve ounce was $30. Resources were up 7% to a record 9.2Moz.

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Gold miner Red 5 has outlined a decade’s worth of open pit mine life at its emerging King of the Hills mine project with a maiden probable resource of almost 1.5 million ounces and a prefeasibility study that supports an “exceptional” bulk mining opportun

Gold miner Red 5 has outlined a decade’s worth of open pit mine life at its emerging King of the Hills mine project with a maiden probable resource of almost 1.5 million ounces and a prefeasibility study that supports an “exceptional” bulk mining opportunity (reports MiningNews). Managing director Mark Williams said the maiden reserve, carved from the 3.11Moz resource statement, and the PFS were a significant milestone towards transforming Red 5 into a "substantial mid-tier gold producer with a diversified production base and production profile".

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In January, Dacian Gold fired up its brand new Mt Morgans Gold Operation (MMGO) near Laverton in Western Australia (reports Stockhead).

In January, Dacian Gold fired up its brand new Mt Morgans Gold Operation (MMGO) near Laverton in Western Australia (reports Stockhead). The honeymoon didn’t last long. Dacian downgraded production guidance in the March quarter, and then on 5 June, told investors that the gold still wasn’t coming out of the ground as predicted. June quarter guidance went from 50,000-55,000oz at an all-in sustaining cost (AISC) of between $1,050-$1,150/oz, to 36,000-38,000oz at an AISC of between $1,500-$1,600/oz.

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Acquisitive gold miner Silver Lake Resources has struck a friendly $52 million scrip deal to take over explorer EganStreet Resources (reports The West Australian).

  Acquisitive gold miner Silver Lake Resources has struck a friendly $52 million scrip deal to take over explorer EganStreet Resources (reports The West Australian).

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Vanadium explorer Tando has a new name, refreshed board, and aggressive marketing and development strategy for the massive Steelpoortdrift (SPD) project in South Africa (reports Stockhead).

Vanadium explorer Tando has a new name, refreshed board, and aggressive marketing and development strategy for the massive Steelpoortdrift (SPD) project in South Africa (reports Stockhead). Vanadium Resources (ASX:VR8) says SPD in South Africa can rightfully claim to be one of the world’s largest and highest grade vanadium deposits. But despite being big and high grade (whole rock and in concentrate), SPD hasn’t received the attention it deserves, says VR8. Consultancy Mastermines was appointed to assist VR8 with marketing in Asia earlier his month.

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RRS Summer Series 2019 - Sydney Conference

One-day investor conference in Sydney on Tuesday 3 December 2019.

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