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Thomson Reuters GFMS reports that gold could pass US$1,500/oz in 2018 after hitting a 17-month high above US$1,350/oz.
Goldcorp is looking to automation to boost productivity at its Cerro Negro mine in Argentina, which has been hampered by difficulties securing labor due to its remote location and union restrictions on shift lengths, CFO Jason Attew told the CIBC 21st Annual Whistler Institutional Investor Conference in Canada.
The energy and mines ministry approved a mining permit for GoldQuest Mining's US$159mn Romero gold project, drawing a line under concerns that a new mining bill and concessions disruptions could delay development.
A stoppage by workers at First Quantum Minerals' US$5.71bn Cobre Panamá project related to changes in accommodation rules and other matters, was swiftly lifted following talks tabled by the labor ministry.