The Biggest Gold Mine In Australia Is Planned Be Expanded

The biggest gold mine in Australia is planned to be expanded after the board of US company Newmont Mining approved extra works on the Boddington mine in Western Australia as written by news The Sydney Morning Herald Business Day

Boddington gold mines is one of Australia's largest producing gold mines. Boddington mine produces gold and copper concentrate.

Newmont’s Boddington mine is located within the Saddleback greenstone belt in Western Australia. A large gold and copper mine, Boddington is located 16 km from the rural farming town of Boddington and 120 km from Western Australia’s capital city, Perth.

Newmont mining is set to spend $400 million conducting a "cutback" at Boddington which will expand the mine and add several years of life to the operation.

The decision is a triumph for local management who have dramatically improved productivity at the mine in recent years, particularly in areas like shovel utilisation and truck idle times.

 

Blast holes explode at the Silverstar pit at Newmont Mining's Carlin gold mine operation near Elko, Nevada in 2014. Newmont Mining Corp reports their Q2 results on July 22, 2015.

Exploration Assay Results Focus Minerals Ltd In Drilling At Coolgardie

Focus Minerals Ltd. (“Focus” or “the Company”) is pleased to report the exploration assay results  for  its  recently  completed  drilling at Coolgardie. Focus is the largest landholder in the Coolgardie gold belt with over 450sq km of tenements in close proximity to its Three Mile Hill Mill. Focus while also looking to expand its near mill mineable reserves targeting higher grade, larger scale ore bodies.

Focus’ Interim CEO, Wanghong Yang, is  pleased  to  announce  that “following  receipt  of  these  most  recent  high  grade results  at  Bonnie  Vale, including the  identification  of  a  new  mineralised  reef, Focus is progressing Mineral Resource modelling for Bonnie Vale and expects to release a Maiden Resource in November

The most recent Coolgardie campaign included a total of 51 RC holes for 9,470m across several targets close to Focus’ Three Mile Hill Processing Plant  

Randgold Resources Expects New Congo Projects By Early Next Year

As it has been released by the company gold mining Randgold Resources, the company's chief executive Mark Bristow said''  Randgold this time aims to surpass the production target of 600,000 ounces of gold for producers in 2015. Randgold expects to expand operations in northeastern Democratic Republic of Congo by early next year.

Randgold Resources operates the Kibali mine in northeastern Congo, a joint venture with AngloGold Ashanti and state miner Sokimo. It also has a joint venture with Kilo Gold mines to explore for gold in the area.

Kibali and other new gold mines opened by companies like Banro Corporation have boosted Congo's gold output from near zero in 2011 to over 20 tonnes last year.

Global gold production in 2014 stood at about 2,860 tonnes, according to the U.S. Geological Survey. South Africa, which poured about 150 tonnes, was Africa's leading producer.

Kibali poured more than 525,000 ounces of gold in 2014, its first full year of production, and expects to produce more than 600,000 ounces this year. It is the second-highest producing mine for Randgold, which recorded revenues of $1.43 billion last year.

Gold Production 2015 At Scorpio Gold Corporation Operating Results For The Third Quarter

Scorpio Gold Corporation (TSX-V:SGN) a Canadian-based gold producer.announces its operating results for the third quarter ("Q3") of 2015 at its 70% owned Mineral Ridge project, located in Nevada.

Mineral Ridge is a conventional open pit heap leach operation, located 6 km northwest of the town of Silver Peak and 56 km west of Tonopah in Esmeralda County, Nevada. The property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production levels.

Production results for the third quarter in 2015 at Mineral Ridge totalled 9,497 ounces of gold and 4,927 ounces of silver. Gold production for the first nine months of 2015 totals 30,187 ounces, representing a decrease of 1.2% over the same period in 2014.

Peter J. Hawley, President & CEO Scorpio Gold Corporation , said "Gold production at the Mineral Ridge operation for the first nine months of 2015 is comparable with the Company's performance in the same period in 2014.

Gold Production Argonaut Gold Inc In 2015 For The Third Quarter

Argonaut Gold Inc. (“Argonaut”, “Argonaut Gold” or the “Company”; TSX: AR) announced initial production results for the third quarter in 2015. Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production activities. Its primary assets are the production stage El Castillo mine in Durango, Mexico, and La Colorada mine in Sonora, Mexico. 

Pete Dougherty, Argonaut Gold’s President and CEO, said “Once again we have demonstrated the ability to maintain a strong cash position in spite of a challenging market.   We have made several changes within our operations and organization to better position ourselves to grow the cash on the balance sheet at current gold prices.   The bulk of our capital spending was front half loaded with the majority of our projects complete as of the third quarter. We anticipate capital spending to be lower in the fourth quarter and into 2016. We are confident in our ability to achieve the production guidance established for the year, while maintaining or growing our current cash balance.

In third quarter 2015 Argonaut Gold Inc  announced production results  28,876 gold equivalent ounces (“GEO” or “GEOs”; calculated at conversion ratios set out below) during the third quarter ended September 30, 2015.

Kefi Minerals Hires Ausdrill Limited For Tulu Kapi Project In Ethiopia

KEFI  Minerals  (AIM:  KEFI), has  appointed  and told investors it has selected  African  Mining  Services  ( AMS ) ,  a  wholly-owned  subsidiary  of  Ausdrill Limited, as preferred contractor for mine establishment and operation for the Tulu Kapi project in Ethiopia.

KEFI  Minerals  (AIM:  KEFI),  the  gold  exploration  and  development  company  with  projects  in  the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, is pleased to provide an update on progress on the Tulu Kapi gold project in Ethiopia.

African  Mining  Services ( AMS ) has strong African operations and a successful track record.

Wesdome Gold Mines Production 2015 In The Third Quarter

Wesdome Gold Mines Ltd. (TSX: WHO) announced initial production results for the third quarter in 2015. Wesdome Gold Mines is a mining, exploration and development company based in Toronto, Ontario, focused primarily on gold

Wesdome is a Canadian underground gold mining . Wesdome is in its 28th year of continuous mining operations in Canada. It currently has two producing gold mines in Wawa, Ontario, and owns two other properties, the Kiena Mine Complex in Val d’Or, Quebec and the three million ounce Moss Lake gold deposit located 100 kilometres west of Thunder Bay, Ontario

Wesdome Gold Mines Ltd. trades on the TSX Exchange under the symbol “WDO” and has 111.1 million shares outstanding.