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Mining News in Mine Exploration, Mining Companies, and Mining Industry. - EMJ

  • In its first quarter earnings report, New Gold said gold production increased by 4% to 94,977 oz compared to the prior-year quarter. The company also reported that the $35 million New Afton mill expansion is currently being commissioned ahead of schedule and under budget.

  • Newmont Mining Corp. plans to sell Newmont Waihi Gold Ltd. to OceanaGold Corp. for $101 million in cash, a $5 million contingent payment, and a 1% net smelter royalty on a recent discovery north of Waihi’s current operations.

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