Posted on September 12, 2018
Coeur Mining Inc. and Northern Empire Resources Corp. entered an agreement for Coeur to acquire all the issued and outstanding securities of Northern Empire not already owned by Coeur, the company announced Aug. 2. Northern Empire’s primary asset is the Sterling Gold Project in the Walker Lane District outside of Las Vegas, which consists of four high-grade heap-leach deposits with a total inferred gold resource of approximately 709,000 ounces. Coeur plans to focus on the quick restart of Sterling Mine.
Newmont Mining Corp. hopes to expand its Phoenix Mine and extend mine life to 2063. The Bureau of Land Management, Mount Lewis Field Office, published a Notice of Availability in the Federal Register for the final Environmental Impact Statement. The proposed project would extend mine life from 2040 to 2063, and increase surface disturbance by 3,497 acres on BLM-administered and private lands. Proposed activities would consist of expansion through consolidation of existing pits as well as the expansion of the following: existing waste rock facility, tailings storage facility, heap leach facility and clay soil borrow area.
Scorpio Gold Corp. announced the receipt of a signed decision record and a finding of no significant impact for the environmental assessment completed for its Mineral Ridge Operations in Nevada, the company announced July 3. The approval of the EA is a significant milestone in the company’s ongoing permitting efforts and when coupled with the Water Pollution Control Permit currently under review with the Nevada Department of Environmental Protection, will allow Scorpio Gold to advance its exploration, processing and mining activities on the Mineral Ridge property.
Rio Tinto received the Aluminum Stewardship Initiative’s Chain of Custody certification to verify that the material can be traced from the mine to the cast house. Rio Tinto received the ASI’s first Performance Standard certification – the highest internationally recognized standard for robust environmental, social and governance practices – in April. The certification covers five aluminum smelters, the Vaudreuil refinery, casting centers, port and railway facilities in Quebec, Canada. ASI is a global nonprofit standards setting and certification organization.
Nevada’s two senior producers, Barrick Gold Corp. and Newmont Mining Corp., announced dividends for the second quarter of 2018. Barrick reported a dividend of 3 cents per share, payable Sept. 17. Newmont Gold Corp. announced a dividend of 14 cents per share — an 87 percent increase compared to the previous year’s quarter — payable Sept. 27.
Paramount Gold Nevada Corp. reported July 31 that the Oregon Department of Geology and Mineral Industries has approved and accepted seven additional baseline environmental reports, bringing the total to 12 reports approved and accepted by the appropriate state agencies. These baseline reports are required for permitting the company’s 100 percent-owned Grassy Mountain gold project in eastern Oregon. Paramount also owns a 100 percent interest in the Sleeper Gold Project located in Northern Nevada.
Bonanza Goldfields Corp. entered into an agreement to acquire Mizpah Mines LLC, which has an option to purchase the Sparrow patented mining claim at Tonopah, the company announced in June. Also known as the Mizpah Extension Mine, the property contains substantial mine dumps from the Tonopah Belmont Mine. Bonanza Goldfields is looking to establish a permanent base of operations on its own private property at Tonopah in support of its nearby Thunder Mountain Gold project.
The draft environmental assessment for the Rawhide Mining LLC Regent Expansion in Mineral County has been completed by the Bureau of Land Management. The proposed action consists of construction, mining (ore and waste rock) and heap leach activities associated with the Regent Area Expansion and the Denton-Rawhide Mine Area. Exploration activities have identified additional mineral reserves in the Regent Area.
The Fraser Institute released a study concluding that Canadianjurisdictions are taking longer to issue permits for mining exploration, according to Resource Investing News. The report, Permit Times for Mining Exploration 2017, states that Canada can improve the exploration permitting process. Fifty-three percent of respondents polled for the study said that permit approval times have increased over the past 10 years.
The analysis of U.S. Gold Corp.’s Keystone Exploration Project by the Bureau of Land Management, Mount Lewis Field Office, has been completed. U.S. Gold is proposing to conduct surface exploration drilling operations on its Keystone Exploration Project to explore for precious metal mineral resources on public and private lands located in Eureka County.
Source: Elko Daily Free Press
