Polymetal Gold Mining

Gold mining company Polymetal International announced on Monday its plan to sell its entire Russian mining operation for $3.69 billion, aiming to completely withdraw from the Russian Federation due to the risks of Western sanctions and potential nationalization by Putin’s government. Subject to shareholder approval, Polymetal intends to sell its Russian business to JSC Mangazeya…

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Shares of Bluestone surge as open-pit mining receives approval for Guatemalan gold project.

Bluestone Resources (TSXV: BSR) witnessed a twofold increase in its shares following Guatemala’s approval of a shift in the Cerro Blanco gold project’s strategy, transitioning from underground to an open-pit operation. The company is also contemplating a potential sale of the project. As of midday Wednesday in Toronto, Bluestone’s stock was trading at C$0.47, placing…

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A recently identified mineral found in abandoned gold mine dumps.

A recently identified mineral, named kanatzidisite, was found in the mining dumps of the abandoned Nagybörzsöny gold deposit at Alsó-Rózsa in northern Hungary. Kanatzidisite, belonging to the class of materials known as chalcogenides, has historical usage in copper production and modern applications in catalytic reactions for fuel production, solar cells, and various materials. This novel…

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Sure bet Gold Discoveries Unveiled by Goliath

In 2023, Goliath’s drilling initiative broadened and enhanced the Sure bet and Bonanza Shear zones, uncovering a novel gold-silver zone that introduces the possibility of significant deeper discoveries. Last year, over 34,000 meters of drilling at Golddiggers substantially augmented the dimensions and quality of the Sure bet and Bonanza Shear zones, while introducing the newly…

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gold-mining

Mexico okays Pan American Silver-Yamana Gold deal :

The recent approval of the Pan American Silver-Yamana Gold deal by Mexican authorities has attracted attention within the mining industry and financial markets. The deal involves the acquisition of the Mercedes gold-silver mine in Mexico by Pan American Silver Corp. from Yamana Gold Inc. This development holds implications for the companies involved, the local economy,…

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