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Five Years On, Barrick’s Twiga Partnership Delivers Growth and Shared Value for Tanzania
Globenewswire· 2025-07-07 12:30
Core Viewpoint - The Twiga partnership between Barrick Mining Corporation and the government of Tanzania has successfully established a sustainable model for mineral development, focusing on shared value and long-term investment in the country's future [1][2][3]. Economic Contributions - Since taking operational control in 2019, Barrick has invested $4.79 billion into the Tanzanian economy, with $558 million contributed in the first half of 2025 alone [4]. - Over 90% of procurement is conducted with Tanzanian suppliers, primarily indigenous companies, and 96% of the workforce is Tanzanian, with 49% sourced from local communities [4]. Educational Initiatives - The Future Forward education program, a joint investment of $30 million by Barrick and the government, aims to expand school infrastructure, providing classroom space for an additional 45,000 pupils [5]. Operational Developments - At Bulyanhulu, significant advancements have been made in the Upper West decline, supported by new fleet arrivals and improved infrastructure, enhancing production capabilities for the long term [6]. - North Mara has implemented a new battery energy storage system to improve power reliability, with community resettlement activities nearing completion [7]. Community Engagement - Barrick emphasizes the importance of partnerships with host communities, particularly in rebuilding relationships around North Mara, leading to improved trust and social license [8]. Exploration and Future Planning - Barrick is actively investing in exploration to secure the future of its Tanzanian operations, with current drilling programs targeting resource extensions and new prospects [9]. - Even during the closure of Buzwagi, efforts are being made to create long-term value through the development of a Special Economic Zone [10]. Long-term Commitment - The partnership has not only stabilized operations but has also created a platform for long-term value delivery through shared ownership and local empowerment [11]. - Barrick's commitment to Tanzania extends beyond mining operations, focusing on leaving behind beneficial infrastructure and institutions for the future [11].
Five Years On, Barrick's Twiga Partnership Delivers Growth and Shared Value for Tanzania
GlobeNewswire News Room· 2025-07-07 12:30
Core Insights - The Twiga partnership between Barrick Mining Corporation and the government of Tanzania has successfully redefined mining's role in national development, focusing on shared value and long-term investment [1][3][11] Economic Contributions - Barrick has invested $4.79 billion into the Tanzanian economy since taking operational control in 2019, with $558 million contributed in the first half of 2025 [4] - Over 90% of procurement is with Tanzanian suppliers, primarily indigenous companies, and 96% of the workforce is Tanzanian, with 49% from local communities [4] Educational Initiatives - The Future Forward education program, a joint $30 million investment, aims to expand school infrastructure, providing classroom space for an additional 45,000 pupils [5] Operational Developments - At Bulyanhulu, significant advancements have been made in the Upper West decline, with new infrastructure improving production capabilities [6] - North Mara has implemented a battery energy storage system to enhance power reliability, and community resettlement activities are nearing completion [7][8] Exploration and Future Planning - Barrick is actively investing in exploration to secure future operations, with current drilling programs targeting resource extensions in the North Mara complex and Bulyanhulu [9] - Even during the closure of Buzwagi, efforts are being made to create long-term value through the development of a Special Economic Zone [10] Community Engagement - The partnership with host communities is crucial, with ongoing efforts to rebuild relationships and deliver on commitments, particularly around North Mara [8][11] Vision for Mining - The Twiga partnership is presented as a model for responsible mining, emphasizing shared ownership, local empowerment, and sustainable development [12]
ARIS MINING ANNOUNCES SALE OF JUBY GOLD PROJECT TO MCFARLANE LAKE MINING
Prnewswire· 2025-07-07 12:15
Core Viewpoint - Aris Mining Corporation has signed a definitive asset purchase agreement with McFarlane Lake Mining Limited for the sale of the Juby Gold Project in Ontario, Canada, valued at US$22 million [1][2][4]. Company Overview - Aris Mining is focused on building a leading gold mining company in Latin America, with operations in Colombia and Guyana [5][6]. - The company operates two underground gold mines in Colombia, producing 210,955 ounces of gold in 2024, and aims to increase annual production to over 500,000 ounces [6][8]. Transaction Details - The Juby Gold Project includes Aris Mining's 100% interest in the project and a 25% joint venture interest in the adjacent Knight property [2]. - The total consideration for the transaction is US$22 million, consisting of US$10 million in cash at closing, common shares of McFarlane, and potential additional payments within 12 months if necessary [7][4]. - The completion of the transaction is contingent upon McFarlane raising at least US$10 million in gross proceeds and meeting other customary closing conditions [4]. Strategic Focus - The sale of the Juby Gold Project aligns with Aris Mining's strategy to concentrate on core operations in Latin America, while McFarlane aims to enhance its portfolio and shareholder value through this acquisition [3][10].
Centerra Gold Provides Notice of Second Quarter 2025 Results and Conference Call
GlobeNewswire News Room· 2025-07-07 11:30
Core Viewpoint - Centerra Gold Inc. is set to release its second quarter 2025 operating and financial results on August 6, 2025, followed by a conference call on August 7, 2025, at 9:00 a.m. Eastern Time [1]. Company Overview - Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other global markets [3]. - The company operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye [3]. - Centerra also owns the Kemess Project in British Columbia, the Goldfield Project in Nevada, and operates a Molybdenum Business Unit in the United States and Canada [3]. - The company's shares are traded on the Toronto Stock Exchange (TSX) under the symbol CG and on the New York Stock Exchange (NYSE) under the symbol CGAU [3].
Osisko Development Announces Positive Bulk Tonnage Ore Sorting Results for the Cariboo Gold Project
GlobeNewswire· 2025-07-07 11:30
Core Insights - Osisko Development Corp. announced positive results from an ore sorting testing program at its Cariboo Gold Project, confirming gold recoveries and upgrade ratios consistent with the 2025 feasibility study (FS) assumptions [2][5][12] Summary by Sections Ore Sorting Test Results - The ore sorting testwork demonstrated gold recoveries of 84-95% across various particle sizes, with a mass pull of 41-58% and upgrade ratios ranging from 1.96 to 2.23, aligning with the 2025 FS assumptions [2][5][6] - Notably, the previously untested 6-10 mm size fraction showed a 95% gold recovery with a 41% mass pull, indicating potential for future optimization [5][11] Methodology and Observations - The test utilized a production-scale TOMRA COM 1200 Tertiary XRT machine on a ~80 tonne sample, significantly larger than previous tests which totaled ~5 tonnes [2][5][11] - The testing process involved a cascade-style approach, adjusting sorter settings to optimize mass pull and recovery, leveraging recent advancements in AI technology [11][12] Project Overview - The Cariboo Gold Project is a permitted, 100%-owned feasibility-stage project located in central British Columbia, covering approximately 186,740 hectares with significant mineral reserves and resources [12][13] - The project hosts probable mineral reserves of 2.07 million ounces of gold and various measured, indicated, and inferred resources totaling over 10 million ounces [13] Next Steps and Opportunities - The company plans to conduct further flowsheet optimization and a variability study as part of detailed engineering to refine sorting assumptions across the deposit [5][11] - The positive results from the ore sorting tests may lead to enhanced overall recoveries and improved project economics [5][11]
Centerra Gold Provides Notice of Second Quarter 2025 Results and Conference Call
Globenewswire· 2025-07-07 11:30
TORONTO, July 07, 2025 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) will release its second quarter 2025 operating and financial results after the market closes on Wednesday August 6, 2025. The Company will host a conference call and webcast to discuss the results on Thursday August 7, 2025, at 9:00 a.m. Eastern Time. Details for the conference call and webcast are included below. Webcast Participants can access the webcast at the following webcast link.An arch ...
Talisker Initiates Milling at Nicola’s Craigmont Mill
Globenewswire· 2025-07-07 11:00
TORONTO, July 07, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce that the Company has commenced milling and processing of run of mine material from Talisker’s Mustang Mine (“Mustang”) at Nicola Mining Company’s (“Nicola”) Craigmont Mill (“Craigmont”) located in Merritt, British Columbia. Nicola successfully completed the installation of the gravity circuit as planned in June and following comprehensive process testing commenced ...
Dundee Precious Metals Announces Receipt of Environmental Licence for the Loma Larga Project and Provides Update on the Feasibility Study Results Timing
Globenewswire· 2025-07-07 10:45
Core Viewpoint - The Government of Ecuador has granted an environmental license for the Loma Larga project, marking a significant milestone for Dundee Precious Metals (DPM) and presenting a future growth opportunity with strong potential returns for investors [1][2][3]. Environmental License and Compliance - The environmental license was issued by the Ministry of Environment, Water and Ecological Transition on June 23, 2025, following a rigorous government process to ensure compliance with Ecuadorian standards [2]. - DPM's commitment to high environmental standards aligns with its proven development practices and international best practices [2][4]. Project Development and Community Engagement - DPM is preparing for formal negotiations regarding the exploitation agreement for the Loma Larga project [2]. - The company emphasizes responsible mining practices, focusing on environmental stewardship and water management, which includes minimizing the project's footprint and maximizing the recycling of processed water [4][8]. - DPM has engaged in proactive collaboration with local communities and government authorities since acquiring the project in 2021, aiming to foster strong relationships and invest in local workforce development [6][7]. Water Management and Environmental Stewardship - The project design includes wastewater treatment and storage facilities, fully lined tailings, and contact water storage ponds, adhering to both International Finance Corporation and Ecuadorian standards [9]. - DPM's approach to water management prioritizes the responsible use of water resources, minimizing freshwater use and ensuring the recycling of processed water [8][10]. Feasibility Study Update - An updated feasibility study for the Loma Larga project was completed in Q2 2025, reflecting current gold price conditions and revised capital and operating cost estimates, with results to be disclosed in due course [11]. Company Overview - Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations in Bulgaria, Serbia, and Ecuador, aiming to become a mid-tier precious metals company through sustainable and efficient gold production [12].
Gold Fields: Positioned To Shine In The Coming Gold Bull Market
Seeking Alpha· 2025-07-06 15:50
Core Insights - Gold Fields Limited is one of the largest gold mining companies globally, involved in exploration, extraction, processing, and sale of gold and related products [1] Company Overview - Gold Fields Limited operates a portfolio of mines across several countries, indicating a diversified geographical presence in the gold mining sector [1]
Agnico Eagle: A High-Quality Gold Miner That's Still Worth Buying
Seeking Alpha· 2025-07-05 10:28
Core Insights - Agnico Eagle (AEM) is recognized as a leading gold miner due to its consistent per-share production growth, strong balance sheet, and production primarily from tier-one mining jurisdictions [1] Group 1: Company Performance - Agnico Eagle has demonstrated consistent growth in gold production over the past decade [1] Group 2: Investment Philosophy - Mountain Valley Value Investments focuses on identifying undervalued companies with strong growth potential across various sectors, emphasizing long-term value and disciplined research [1]