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August 12, 2014
08:02 EDTMDW, ABXMidway 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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March 27, 2015
08:31 EDTMDWMidway Gold says pours first gold at Pan Mine
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March 24, 2015
07:28 EDTABXGold Fields may be bidder in potential $1B Barrick Gold auction, AFR says
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March 23, 2015
14:36 EDTABXBarrick Gold says Chile court rejects claims Pascua-Lama damaged glaciers
Barrick Gold announced Chile's Environmental Court has ruled that the Pascua-Lama project has not damaged glaciers within the project's area of influence. "The Pascua-Lama team is focused on resolving the project's outstanding legal and regulatory hurdles, completing a new execution plan to optimize remaining construction activities and minimizing ongoing project costs," the company said.
March 20, 2015
06:00 EDTABXAgnico Eagle names former Barrick Gold CFO Ammar Al-Joundi as president
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