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BHP and Canada’s Lundin Mining extend mining time

ByVictoria

Vicuña Corp, a joint venture of Australia’s BHP and Canada’s Lundin Mining (LUN.TO), opens new tab, on Thursday said it was extending the useful life of its Josemaria copper, gold and silver project in Argentina by six years.

It attributed the longer useful life of the mine, now 25 years instead of 19 years previously, to higher levels of exploitable resources.

Vicuña also predicted an ore processing rate at the site, located in Argentina’s north-western San Juan province, near the Chilean border, at 175,000 metric tons per day.

Source – Reuters

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    ByVictoria
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    Source – New York Times

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    Seeking Alpha analyst weighs in on gold

    ByVictoria
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    Source – Seeking Alpha

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    ByVictoria
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    AngloGold Ashanti (NYSE:AU) said Wednesday it agreed to acquire Augusta Gold (OTCQB:AUGG) for C$1.70/share in cash, implying a fully-diluted equity value of ~C$152M (US$111M).

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