TAM, which is 3km north of the Alpala deposit, now hosts a measured and indicated resource of 528.5 million tonnes grading 0.36% copper equivalent for 1.27Mt of contained copper and 3.Read More
Peter Akerley, a founder of Erdene Resource Development Corp., first became aware of Mongolia's mineral riches in the mid-1990s as exploration manager for one of the largest western financed programmes in the country. As a geologist, with 35-years of experience, he describes himself as being "awed" by the country's geological potential ('Erdene' is the Mongolian word for treasure, or jewel).Akerle...Read More
"This is clearly a giant step backwards for the Biden Administration's climate change goals," said chief executive Ronald Thiessen.Read More
Solaris Resources (TSX: SLS) has reported assay results from six holes aimed at upgrading and growing the resources at its Warintza copper porphyry project in southeastern Ecuador. Highlights from the drill results included 930 metres grading 0.62% copper, starting at 2 metres in drillhole SLS-61 and 926 metres grading 0.49% copper starting from surface in drillhole SLS 57. Hole 57 targeting the...Read More
Aurelius Minerals (TSXV: AUL; US-OTCQB: AURQF) has released an initial mineral resource estimate on its Aureus East gold project in Nova Scotia, sending its equity to a new 12-month low at 19 ? apiece.The Toronto-based explorer outlined 985,000 tonnes in the indicated category grading 5.14 grams per tonne gold for 162,700 oz. of contained metal. The company also released an inferred resource estim...Read More
SilverCrest Metals (TSX: SILV; NYSE-AM: SILV) said Thursday it has begun commissioning the processing plant at its Las Chispas gold-silver project in Sonora, Mexico, which is expected to reach commercial production in the fourth quarter.The Canadian precious metals exploration and development company said construction of the plant was completed ahead of the feasibility study schedule.It added it e...Read More
Galway Metals (TSXV: GWM) has completed its recently upsized bought deal private placement, raising gross proceeds of $10.5 million. The financing consisted of the sale of approximately 6.66 million flow-through shares priced at 60 ? each, and 15.3 million hard-dollar shares at 42.5 ? each.The offering was carried out by a syndicate of underwriters led by Paradigm Capital, and included Laurentian...Read More
Canada's B2Gold (TSX, NYSE: BTO) is buying Australian explorer Oklo Resources (ASX: OKU) in a deal valued at A$90 million (US$64 million) or 17.25 ? per share, representing a 127% premium on Oklo's closing price of 7.6 ? on Wednesday.As part of the transaction, B2Gold will give Oklo's investors 5.25 ? cash per share and will issue up to roughly 10.8 million shares for the target company's shareho...Read More
First Majestic Silver (TSX: FR; NYSE: AG) will sell its past producing La Guitarra silver mine, located in the Temascaltepec mining district in Mexico, to Sierra Madre Gold & Silver (TSXV: SM) in an all-share deal worth about US$35 million. Under the deal, First Majestic will receive 69.1 million Sierra Madre shares at 65 ? per share. Upon closing, First Majestic will own 47% of the outstanding s...Read More
At first blush, lithium production from hard rock spodumene sources in Australia appears to have a lower carbon foot than lithium brine production from Latin America.Read More
The South Gobi is one of the fastest developing mining regions in the world, in part due to its proximity to China, the world's largest consumer of commodities. Limited exploration has already yielded multiple gold, copper and molybdenum deposits with an estimated mineral endowment of over 85Moz of gold and greater than 43Mt of copper.Kincora Copper was the first company to conduct modern, distric...Read More
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Share this article VANCOUVER - Osisko Development Corp. [ODV-TSXV] has released a preliminary economic assessment (PEA) for its flagship Cariboo gold project in British Columbia that targets an initial gold pour in the first quarter of 2024.The PEA illustrates potential economics for a low cost, large scale underground gold mine, with industry-leading operating costs. It envisages total gold pr...Read More
Kumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKropz set to fly after false startSPONSOREDkropzBMG returns eye-catching high-grade gold at Abercromby in WASPONSOREDbmgThe hole confirms the company's new geological interpretation that Los Helados contains at least two centres of high-grade mineralisation.Read More
The US District Court for the District of Arizona ruled that Copper World and its neighbouring Rosemont copper deposit which is also owned by Hudbay are not connected under terms of the US NationalRead More
Kumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKropz set to fly after false startSPONSOREDkropzBMG returns eye-catching high-grade gold at Abercromby in WASPONSOREDbmgNexa will subscribe for 40.8 million shares priced at 22c per share for proceeds of $8.97 million. Nexa previously held a 9% stake in Tinka to...Read More
The offer has fixed spreads of 195-230 basis points including an early tender premium of US$50 per US$1,000 in principle. The tender would reduce Teck's total outstanding debt by 8.Read More
Kumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKropz set to fly after false startSPONSOREDkropzBMG returns eye-catching high-grade gold at Abercromby in WASPONSOREDbmgThe Anglo-Swiss multinational is also involved in an ongoing investigation by the Office of the Attorney General of Switzerland into corruption issue...Read More