BMO Capital Markets will buy 4.15 million common shares of Lundin Gold (TSX: LUG) at $12.05 per share in a bought deal financing that will raise $50 million for the Vancouver-based gold miner. The deal includes an overallotment option for up to 15% of the offering.Newcrest Mining (ASX: NCM), which owns 32% of the company, and Orion Mine Finance, which has an 11% stake, have exercised their rights...Read More
A judge in the Brazilian state of Minas Gerais has partially granted an injunction sought by prosecutors by ordering Vale (NYSE: VALE) to set aside 7.9 billion reais (US$1.5 billion) to pay potential fines related to the tailings dam collapse that killed 270 people last year.The figure adds to the 1 billion reais (US$260 million at the time) in frozen funds a federal court ordered Vale to pay affe...Read More
Palladium One (TSXV: PDM; US-OTC: NKORF) has traced a new drill target within its wholly owned Lantinen Koillismaa (LK) project in Finland, 190 km northeast of Oulu.The latest target is within the Haukiaho East induced polarization (IP) survey grid, which covers 1.6 km within the 17-km long prospective Haukiaho trend. According to the company, the anomaly covers the entirety of the geophysical gri...Read More
A global copper surplus currently in the making is expected to get worse in the next 18 months as market disruptions have created greater uncertainty in the factors affecting supply and demand for the metal, a market's insider report shows.According to the International Wrought Copper Council (IWCC), which represents copper and copper alloy producers, supply is expected to surpass demand by 285,00...Read More
Talon Metals (TSX: TLO; US-OTC: TLOFF ) has raised $4 million in a non-brokered private placement of more than 40 million common shares at a price of 10 ? a share.The funds will be used to advance its Tamarack nickel-copper-cobalt project in north-central Minnesota, about 89 km west of Duluth and 210 km north of Minneapolis.Resource Capital Funds participated in the offering, purchasing 21.13 mill...Read More
Drilling at Silver One Resources' (TSXV: SVE; US-OTC: SLVRF) Candelaria project in Nevada has expanded higher-grade mineralization between the past-producing Mount Diablo and Northern Belle pits at depth and confirmed near-surface lower-grade mineralization around the two pits.The company has recently drilled nine holes at the project. Highlights include 8 metres of 237 grams silver per tonne; 19...Read More
A preliminary economic assessment (PEA) of the Samapleu nickel-copper project in Cote d'Ivoire estimates production of 14,100 tonnes copper concentrate per year over a 20-year mine life from three open pits, Sama Resources (TSXV: SME; US-OTC: SAMMF) says.The early-stage study envisions a plant that would process 2.4 million tonnes per year of run-of-mine mineralized material to produce 39,000 tonn...Read More
NEW TOOLS IN ITS LATEST MICROMINE UPGRADESPONSOREDmicromineCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesAs the old saying goes, one shouldn't let a good crisis go to waste, and gosh hasn't this one been a beaut. Most people, mysel...Read More
IWCC expects global copper surplus to hit 285,000 tonnes this year and 675,000 tonnes in 2021.Read full newsRead More
Is the move a precursor to Chinese company delistings from US exchanges.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Since acquiring North Mara, Barrick (GOLD) is focused on improving the mine's water management with special importance on its tailings storage facility.Read full newsRead More
The program, which gives investors alternative exposure to Bitcoin via mining hardware, is available to accredited investors around the world.Read full newsRead More
Newrange Gold Corp. is pleased to announce that a drilling contraRead full newsRead More
Canadian gold stocks after the end of the Great Recession were under significant pressure, as the price of gold nosedived. The yellow metal has been one of the few assets to have performed strongly since the start of 2020. Some analysts are tipping that gold could soar to as high as US$3,000 an ounce. This optimistic outlook is a boon for gold miners, despite the operational impact of the cor...Read More
There’s an interesting relationship between gold and oil prices. According to Market Realist, which provides institutional-quality market research, more than 60% of the time, gold and crude oil have a direct relationship.This means that when gold prices rise, crude oil prices also tend to rise, and vice versa.Right now, there’s a big disconnect between gold and oil prices. The gold pri...Read More
Aerial view of the Kiena mine complex in the Province of Quebec. Photo Credit: Wesdome Gold Mines.Wesdome Gold Mines (TSX: WDO) has released a preliminary economic assessment (PEA) for its wholly-owned Kiena mine complex, about 15 km northwest of Val-d'Or and 100 km east of Rouyn-Noranda in Quebec.The PEA estimated a mine life of eight years producing an average of 85,931 oz. of gold annually at...Read More
Endeavour's flagship Hound?(C) mine in Burkina Faso. (Image courtesy of Endeavour Mining) Endeavour Mining (TSX:EDV) shareholders on Thursday voted overwhelmingly in favour of the previously announced acquisition of fellow Canadian gold miner Semafo (TSX: SMF) in a deal worth C$1 billion.Pursuant to the agreement, Endeavour will indirectly acquire all Semafo common shares on the basis of 0.1422...Read More
There's no market quite like a captive market. That's something the video game industry has learned well over the past few months. People are stuck indoors. There are only so many times one can stream reruns of The Office before wanting something else to distract them. So, over the past few months, when Americans weren't on social media, sleeping, or baking (if they could find yeast), they've be...Read More
Gualcamayo mine, Argentina. Image courtesy of Image courtesy of Image courtesy of The Northern Miner. Yamana Gold (TSX: YRI; NYSE: AUY) has completed its previously arranged sale of a portfolio of royalty interests to Nomad Royalty Company for total consideration of $65 million.The sale agreement also includes the contingent payment to be received upon declaration of commercial production at the...Read More