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Silvercorp walks away from bid to buy Guyana Goldfields
Silvercorp walks away from bid to buy Guyana Goldfields Canada’s Silvercorp Metals (TSX, NYSE: SVM) has decided not to match a third-party superior bid for Guyana Goldfields (TSX: GUY), and said that if the takeover target terminates an agreement they signed in April, it would have to pay the co...Read more -
H&G Delivery Chrome-Moly SAG Mill Liner to Taksimo in Russia
Dated on 10th June 2020, H&G delivered SAG mill liner for one gold mine plant in Taksimo in Rusia, this is for MZS5518 grinding mill, which is produced by Northern Heavy Industries Group Co., Ltd(NHI) in Shenyang, China. SAG is the abbreviated form for Semi-Autogenou...Read more -
H&G delivered lining of ball mills FLSmidth to Armenia mine plant
Dated on 10th April 2020, H&G delivered lining of ball mills FLSmidth with a diameter of 20’ x31’ and for the mill of self-grinding, the diameter is 34’ x15’ to Armenia. The liners is in AS2074 L2C, HB325 -375 material standard. Cr-Mo Alloyed SAG Mill liner, AG Mill ...Read more -
H&G delivered high chrome 27% Cr Liner plates to Karara Mining Co in western Australia.
Mar. 06th, 2020, H&G delivered 30 tons 27% chrome cast iron liners for Karara Mining’s plant in western Australia, these wear plates are used for the BELT CONVERYOR, called Skirtboard liner. The Karara mine is a large iron mine located in the Mid-West region of Weste...Read more -
Metso GP11 F and Terex Finlay J-1175 Crusher parts to Construction plant in Balkan Peninsula
Apr. 25th, 2020, H&G shipped Metso GP11 F Concave / Mantle / Bowl Liner and Terex Finlay J-1175 Fixed Jaw plate / Swing jaw plate / Movable Jaw plate to Construction plant in Balkan Peninsula. Metso Oyj is a Finnish industrial machinery company focusing on providing ...Read more -
Kirkland Lake’s strong Q1 results boosted by Detour
Kirkland Lake Gold (TSX:KL, NYSE:KL) announced on Wednesday results for the first quarter of 2020 with strong year-over-year growth in net earnings and record levels of gold sales. The company reported production of 330,864 ounces, a 43% increase from 231,879 ounces in Q1 2029 and 18% higher than...Read more -
Falling peso affects Torex’s Q1, shares drop
A “wild swing” in the Mexican peso weighed on Torex Gold‘s (TSE: TXG) first quarter, despite solid production of 108,537 ounces of gold at the company’s El Limon Guajes mining complex in Guerrero state. In a release, Torex president and CEO Fred Stanford noted that accounting changes in the treat...Read more -
Blast at Anglo American coal mine in Australia injures five
An explosion halted production on Wednesday at a coal mine run by Anglo American in Australia’s northeastern state of Queensland, injuring five people just months after a review of the industry called for better regulation. The incident is the company’s second in 15 months in the area, after a m...Read more -
Fjordland to acquire majority stake in CanAlaska’s North Thompson nickel project
Following the execution of a letter of intent back in February, CanAlaska Uranium (TSXV: CVV) and Fjordland Exploration (TSXV: FEX) entered this week into an option agreement which allows the latter to earn up to an 80% interest in CanAlaska’s North Thompson nickel project in Manitoba, Canada. I...Read more -
Newmont’s profit surges on higher production, rise in bullion prices
Gold miner Newmont Corp’s adjusted profit nearly doubled on Tuesday boosted by higher production and a surge in the prices of the precious metal, as investors rushed to the safe-haven asset amid market turmoil caused by the covid-19 outbreak. The world’s biggest gold miner said average realized p...Read more -
USA Rare Earth’s ambitious plans for domestic supply chain
A lesson to be learned from the US-China trade war and coronavirus-induced lockdowns wreaking havoc on markets and hitting mining production outlooks hard – is that North America needs to establish more robust domestic supply chains. The US responded to the covid-19 crisis by shutting its border...Read more