Make Kitco Your Homepage
Vladimir Basov

Vladimir Basov

Follow Author:

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

read full bio ▼

Three Valley Copper suspends mining operations in Chile due to underperformance, withdraws production outlook

(Kitco News) - Three Valley Copper said today it has decided to temporarily suspend operations and to place its Don Gabriel open-pit copper mine in Chile into care and maintenance due to underperformance.

St Barbara flags issues at its Atlantic gold operations in Canada, revises guidance

(Kitco News) - The company said that it has revised down its FY22 production guidance for the Atlantic gold operations in Nova Scotia, Canada.

OceanaGold ups gold production 20% in 2021, achieves guidance

(Kitco News) - OceanaGold (TSX: OGC) announced Monday that its consolidated full year 2021 gold production increased 20% year-on-year to 362,807 ounces at AISC of $1,247 per ounce, achieving the company’s annual guidance.

Teck says new collective agreement reached at Highland Valley copper mine

(Kitco News) - Teck Resources (TSX: TECK.A and TECK.B) announced Saturday that members of United Steelworkers Local 7619, representing 1,048 workers at Teck’s Highland Valley Copper Operations in B.C., have ratified a new five-year collective agreement, replacing one that expired on September 30, 2021.

Polymetal reports maiden 2.4Moz gold equivalent resources for its Novopet deposit in Russia

(Kitco News) - Polymetal, a top-10 global gold and silver producer, today announced an initial JORC-compliant mineral resource estimate for the Novopet polymetallic deposit of 2.4 Moz of gold equivalent (“GE”) at an average grade of 8.0 g/t GE.

Endeavour Mining announces record gold production in 2021, beats guidance

(Kitco News) - Endeavour Mining (TSX:EDV), one of the world’s senior gold producers, announced Monday that in 2021, its gold production amounted to 1,536koz, beating the top end of the guided 1,365-1,495koz range, due to out-performance at the Houndé, Ity, Sabodala-Massawa and Mana mines.

Sibanye-Stillwater terminates $1B deal to acquire nickel and copper mines in Brazil, citing geotechnical event

(Kitco News) - Sibanye-Stillwater (NYSE: SBSW) announced today that the company terminated its previously announced agreements with affiliates of funds advised by Appian Capital Advisory to purchase 100% of both the Santa Rita nickel mine and the Serrote copper mine in Brazil for US$1.0 billion.

Gold technical analysis: Upside levels are in focus

(Kitco News) - Gold has had a decent few weeks with the price now consolidating about the psychological $1800/oz area. This week there has the small matter of the FOMC meeting on Wednesday night that could throw a spanner in the works of any potential rally.

Copper think tank flags refined copper market deficit in 10M 2021 despite production growth

(Kitco News) - ICSG said that world copper mine production increased by approximately 2.6% over the first ten months of 2021, but preliminary world refined copper balance indicated an apparent deficit.

Macassa shines as richest gold mine in Canada in Q3 2021 - report

(Kitco News) - The grade or concentration of a mineral or metal in ore directly affects costs associated with mining as well as its subsequent beneficiation and extraction of precious components.