In its Q2 report, the Canadian miner said the halt followed continued operational performance issues due to low productivity rates and equipment and operator availability from the mining contractor.

The underground development could boost Haile’s gold production by up to 100,000 oz. a year.

Inflation data in Germany and Japan and statements from European and US central bankers suggest that rapid, economically damaging interest rate rises will continue.

Chile’s minister of mining said ongoing investigation signals the sinkhole was a product of “mining overexploitation”.

The project will develop updated interpretations for the bedrock geology of the central Quesnel terrane.

“Graphene turns rubbish into gold, literally.”

Key moves in the mining sector.

The Kazakhstan-based miner aims to produce 25,000-25,500 tonnes in 2024, about 10% above levels targeted for 2023.

“Projected annual shortfalls will place unprecedented strain on supply chains. The challenges this poses are reminiscent of the 20th-century scramble for oil”.

Softer numbers translated into depressed equity market support for the mining industry.

The indicated gold resource now totals 1.16 million oz., representing an increase of 121% over the previous estimate.

The resource calculation encompasses both in-pit and underground components of the Tommy and Ted-Mint vein systems.