KOPY GOLDFIELDS PUBLISHES Q4 AND FULL YEAR 2020 OPERATIONAL UPDATE
Kopy Goldfields AB (publ) ( Kopy Goldfields or the Company ) hereby announces an operational update for the fourth quarter and the full year 2020. In line with its guidance, the Company has increased its annual gold production despite the COVID-19 pandemic.
Highlights:
The total gold equivalent (GE[1]) production in Q4 2020 from the Company s two bedrock mines and two alluvial mines in the Khabarovsk region of Russia increased by 24% year-on-year to 10.83 koz (336.96 kg), compared to 8.72 koz (271.15 kg) in Q4 2019.
Total 2020 production amounted to 53.11 koz (1,652.04 kg) of gold equivalent, in line with previous guidance (52-54 koz) and slightly above the 2019 production level of 52.26 koz (1,625.41 kg). 2020 GE production includes 97 koz (3,026 kg) of silver which is an equivalent of 1.36 koz (42.15 kg) of gold.
Endeavour Mining Corporation: Endeavour Announces the Sale of its Non-Core Agbaou Mine
NON-CORE AGBAOU MINE
Abidjan, January 22, 2021 - Endeavour Mining (TSX:EDV) (OTCQX: EDVMF) is pleased to announce that it has entered into an agreement (the Agreement ) to sell its 85% interest in its non-core Agbaou mine in Côte d Ivoire to Allied Gold Corp ( Allied Gold ) for a consideration of up to $80 million with further upside through its equity exposure and a Net Smelter Return ( NSR ) royalty.
Sébastien de Montessus, President and CEO of Endeavour, commented: The sale of our interest in the Agbaou mine to Allied Gold is in line with our strategy of actively managing our portfolio to focus management efforts on high margin, long-life core assets.
Rio Tinto releases fourth quarter production results
on January 19 2021 8:30 AM
MELBOURNE, Australia (BUSINESS WIRE) Rio Tinto Chief Executive Jakob Stausholm said “We have delivered a strong safety and operational performance in the face of the significant global challenges of COVID-19. Our 2020 performance reflects the resilience of the business, and the commitment and flexibility of our employees, customers, communities and host governments. We are working to restore trust with the Puutu Kunti Kurrama and Pinikura (PKKP) people. Some important progress has been made as set out in the joint statement issued in December following a meeting between the PKKP and Rio Tinto boards. We are also developing additional measures to strengthen our partnerships with Traditional Owners, including a commitment to modernise and improve agreements, particularly in the Pilbara. More broadly, we are determined to improve Rio Tinto’s approach to stakeholder engagement globally by embedding a
The Board of Xtract Resources Plc ( Xtract or the Company ) is pleased to provide a further update on the Phase One diamond drilling programme at the Racecourse Mineral Resource on the Bushranger copper-gold exploration project located in the Lachlan Fold Belt ( LFB ), New South Wales, Australia. · Drilling of the first of three holes on the Phase One Drilling Programme at the Racecourse Mineral Resource on the Bushranger Project, has now progressed to a depth of 804m in drill hole BRDD-20-001 · Copper mineralisation commenced in drill hole BRDD-20-001 at a depth of 110m and has become stronger as the hole has continued to the current depth of 804m
Tinka Drills 39 Metres Grading 9 3% Zinc at Ayawilca theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.