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August 12, 2014
08:02 EDTABX, MDWMidway Gold increases FY14 Spring Valley project budget
Midway Gold (MDW) announces substantial resource growth at its Spring Valley project, located in Pershing County, Nevada. The company has updated the mineral resource estimate to include the 2011-2013 drill results. Midway’s independent consulting engineers, Gustavson Associates, have determined that this drilling has resulted in a 102% increase in Measured & Indicated ounces to 4.37M ounces, as well as a 20% increase in the M&I gold grade. In addition, the drilling has resulted in an inferred resource now totaling 1.07M ounces. Midway also announces its decision to become a 25% joint venture partner, to be carried to production by Barrick (ABX) free of any additional payments or capital outlays. The company said, "The accelerated progress on the project continues to give us confidence that Spring Valley has the potential to be a world-class gold mine in the near future. The three drill rigs on site continue to be focused on in-fill drilling and will likely have an even greater future impact on ounce quality as we move forward to completion of a pre-feasibility study in the fall of FY15. The $9M drilling program and the $8.4M commitment currently being spent on all of the various engineering and permitting activities speaks to the merits of the project."
News For MDW;ABX From The Last 14 Days
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October 1, 2015
06:20 EDTABXBarrick adviser: Not in talks with Newmont on gold mine stake sale, Reuters says
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September 29, 2015
17:05 EDTABXRoyal Gold closes Pueblo Viejo Stream transaction with Barrick Gold subsidiary
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September 25, 2015
07:54 EDTABXBarrick Gold says Veladero processing restrictions lifted
Barrick Gold announced that restrictions on processing activities at the Veladero mine in San Juan province, Argentina, have been lifted. A local court previously restricted the addition of new reagents to the mine's heap leach circuit following the failure of a valve on a pipe carrying cyanide solution at the leach pad, which led to a release of solution. Barrick does not anticipate any material impact to production at Veladero as a result of this incident.

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