CAPITAL MARKETS

Northern Gold keeps Burnside on hold

NORTHERN Gold has found an additional 55,000 ounces at its Zapopan deposit but says its 50% owned Burnside project in the Northern Territory remains in a holding pattern pending an increase in the Australian dollar gold price.

Michael Quinn

Northern Gold keeps Burnside on hold

While Burnside is viable at current prices of around $540/oz, Northern Gold said forecast cash flow returns were not considered sufficient to fully satisfy the objective of internally funding the development...

Start a free trial to continue reading this article

Already have an account? Sign in here

MORE ON THIS TOPIC

NEXT: Rio Tinto's Palabora to raise US$114 million
PREVIOUS: Pechiney holds firm on bid despite poor performance

MOST POPULAR

1

M&A

FTI backs Creasy's Calidus rescue bid

2

CAPITAL MARKETS

Executive Outcomes: Boss, Sandfire and more

3

CAPITAL MARKETS

Why are gold developers' shares still not reflecting higher commodity prices?

4

EXPLORATION & DEVELOPMENT

Final approvals on De Grey horizon as debt and permitting plod along

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902