Articles for tag: Golden, Minerals, mining, months, restart, stops, Velardeña

February 29, 2024

Ron Finklestien

mining

Golden Minerals stops mining at Velardeña two months after restart

Golden Minerals Ceases Mining Operations at Velardeña Disappointing Performance at Velardeña Mines Emerging news from the Golden Minerals camp hasn’t exactly been gold-standard. Just when the Velardeña mines were gearing up for a triumphant return, fate had other plans. The resumption of operations at Velardeña marked a significant milestone, with the production of gold-rich pyrite flotation concentrates commencing a month prior. However, hopes of a bountiful financial harvest were dashed as mining activities hit a roadblock. A cocktail of low metal prices, mining dilution, and metallurgical hurdles forced a halt in operations. Rethinking Strategies at Velardeña Properties The tides have

January 25, 2024

Ron Finklestien

mining

Hummingbird Resources Plans to Revive Gold Mine in Guinea Hummingbird Resources Plans to Revive Gold Mine in Guinea

Hummingbird Resources, an Africa-focused miner, has announced its intention to recommence operations at the Kouroussa gold mine situated in Guinea. The company plans to ramp up production, aiming to achieve full commercial output before the end of March. This decision follows the initial gold pour at the mine back in June last year. Upon reopening, the company aims to produce between 120,000 and 140,000 ounces of gold annually in the first three years of commercial production. Subsequently, the average annual gold production is expected to stabilize at 100,000 ounces over an initial seven-year period at Kouroussa. Looking ahead, Hummingbird Resources