Trans-Siberian rides rising tide to record revenue

MINEX Forum | August 2, 2019
img0 Trans-Siberian said it produced 9,260oz in the June quarter, and 26,456oz of silver, at Asacha in Kamchatka, a peninsula in far east Russia. For the first half gold production grew 26% year-on-year to 21,889oz, and silver production increased 42% to 59,787oz. Total revenues for the second quarter increased 14.7% year-on-year to $13.8 million. For the ...

Poland’s KGHM hits production record, expects Sierra Gorda to exceed target

MINEX Forum | May 20, 2019
img0 Polish miner KGHM (WSE:KGH), Europe’s second-largest copper producer, hit record output in the first three months of the year, thanks to improved production at its European and North American operations. The state-controlled company, which has been criticized for the steep investment allocated to developing the Sierra Gorda copper mine in Chile ($5.2B and counting), churned ...

Dundee Precious Metals achieves major milestone with first gold concentrate production in Krumovgrad

MINEX Forum | March 26, 2019
img0 Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or the “Company”) is pleased to announce that it has achieved first gold concentrate production from its Krumovgrad open pit gold mine. “After many years of hard work and cooperation with local stakeholders, we are extremely excited to announce that we have reached this pivotal milestone for our Company, ...

Euro Sun details plan for Romania mine

MINEX Forum | February 21, 2019
img0 Euro Sun details plan for Romania mine Euro Sun Mining has completed a preliminary economic assessment (PEA) for the initial phase of development at the Rovina Valley gold/copper project, in Romania, detailing plans to produce 108 000 oz/y of gold and 13.3-million pounds a year of copper, or 139 000 oz/y gold equivalent. The PEA ...

Norway approves disputed Arctic copper mine despite local protest

MINEX Forum | February 19, 2019
img0 Norway has approved the building of a copper mine near Europe’s northernmost point despite years of opposition from indigenous Sami herders and fishermen. “The mining project will strengthen the industrial base in the north,” Industry Minister Torbjorn Roe Isaksen of the centre-right coalition government said in a statement. “It will contribute positively to the local ...

Dundee’s Chelopech Bulgaria mine exceeds 2018 production guidance

MINEX Forum | January 14, 2019
img0 Dundee Precious Metals’ Chelopech mine and smelter, in Bulgaria, achieved another record year of gold production, at 201 100 oz, in 2018, exceeding the company’s guidance of 190 000 oz to 200 000 oz. Moreover, copper production of 36.7-million pounds was in line with guidance of 35-million to 38-million pounds. Chelopech’s production performance was attributed ...

Serbia’s mining sector could contribute 5% of national output by 2023- minister

MINEX Forum | December 5, 2018
img0 Serbia’s mining industry could expand to 5 percent of national output by 2023 if foreign investors keep commitments to plough millions of dollars into copper and lithium production, its mining minister said. The sector currently accounts for 1 percent of Serbia’s gross domestic product. But since 2000, when a decade of isolation of the former ...

Breaches of contractual obligations totaling $1.2 million by 127 companies found in Armenia’s mining industry

MINEX Forum | November 29, 2018
img0 Breaches of contractual obligations totaling AMD 573 million ($1.2 million) by 127 companies have been found as part of the comprehensive analysis in Armenia’s mining industry, Garegin Baghramyan, the acting energy infrastructures and natural resources minister, said Wednesday at a news conference. In his words, AMD 134 million (around $275,700) of the mentioned amount is ...

Iran to develop small-scale gold mines

MINEX Forum | November 21, 2018
img0 Iran Minerals Production and Supply Company, a subsidiary of state-owned Iranian Mines and Mining Industries Development and Renovation Organization, announced through the country’s public broadcaster that it has signed a memorandum of understanding with industry group Iran Mine House and a private company with the idea of developing six small-scale gold and copper mines. With ...