Iamgold announced the latest reserves of its Westwood gold mine in southwestern Quebec, Canada, and outlined a “prudent” long-term operating plan. Westwood gold mine has attributable reserves of 600,000 ounces
SINO MUD – Mining Exploration drilling muds supplier
West Wits raises funds for South African project
Junior West Wits Mining will raise A$3.4-million from a share placement to sophisticated and professional investors to fund feasibility studies and drilling at its Witwatersrand Basin gold project, in South Africa.
The company on Friday announced that it would issue more than 161.94-million new shares, at a price of 2.1c each, to new and existing sophisticated and professional investors under its existing placement capacity.
Telanga will increase Wahgnion gold mine production by 25%
Teranga Gold reported that its Wahgnion gold processing plant in Burkina Faso has exceeded its target value by 25%. Therefore, the company updated the Wahgnion gold mining plan to accommodate higher production capacity.
Orla receives key permit for Mexico project
The Mexican federal environmental department has approved Toronto-listed Orla Mining’s environmental impact statement, or MIA, which is required for the development of the Camino Rojo oxide gold project.
The receipt of the MIA also satisfies one of the key conditions precedent to the drawdown of the remaining $100-million available on the $125-million project finance facility.
