Pacton Gold (TSXV:PAC; US:PACXF) (theRead full newsRead More
"Hummingbird will miss 2018 guidance after heavy rains in Q3 and pit stability issues more recently at Yanfolila ($) | https://t.co/mfbLWiFlXl #gold #AIM $HUM"Read full newsRead More
"World equities have erased $15 trillion, or 17 percent, of their value since January, with China alone losing $3 trillion"Read full newsRead More
Azimut Exploration of Longueuil, Que., and its strategic partner SOQUEM have made what they are calling a "major" discovery of gold-copper-silver mineralization at Azimut's Munischiwan property in the James Bay region.The zone is 600 metres long and 100 to 150 metres wide. Grab samples from the outcrop have returned gold values between 11.0 and 1.53 g/t, 1.67 to 0.05% copper, and 435.0 to 5.8...Read More
Azimut Exploration of Longueuil, Que., and its strategic partner SOQUEM have made what they are calling a "major" discovery of gold-copper-silver mineralization at Azimut's Munischiwan property in the James Bay region.The zone is 600 metres long and 100 to 150 metres wide. Grab samples from the outcrop have returned gold values between 11.0 and 1.53 g/t, 1.67 to 0.05% copper, and 435.0 to 5.8...Read More
Barrick Gold Corp.'s decision to double down on Africa is a bet on Randgold Resources Ltd. boss Mark Bristow keeping his Midas touch on a continent where many miners have floundered. That wager is facing its first test.Among the assets Barrick will acquire in the $5.4 billion deal for Randgold is Kibali, a mine Bristow built from scratch in the Democratic Republic of Congo. While that operation ha...Read More
HELSINKI, Oct 26 (Reuters) - Finnish mining technology company Outotec said on Friday that it may have to cover costs after a smelter furnace it built for a client faced problems, sending itsshares down 28 percent.Outotec which builds plants and equipment and provides services for the metal and mineral processing industries, said that it had faced problems in starting up a furnace at an i...Read More
It's been labeled "blood gold," a jarring phrase that ties one of the world's most valuable metals with brutal mining practices and illicit profits that legitimate miners and refiners are rushing to end.With miners facing increasing pressure to guarantee the provenance of gold, the group that oversees the world's largest bullion market is seeking new ways to securely track each step from the mine...Read More
Mr. Chris Taylor reportsGREAT BEAR ANNOUNCES C$3.5 MILLION PRIVATE PLACEMENT OF FLOW-THROUGH COMMON SHARESGreat Bear Resources Ltd. has entered into an agreement with Cormark Securities Inc., pursuant to which Cormark has agreed to purchase one million common shares that qualify as flow-through shares of the company for the purposes of the Income Tax Act (Canada) at a price of $3.50 per flow-throu...Read More
Mr. Quinton Hennigh reportsNOVO ANNOUNCES BULK SAMPLE RESULTS FROM COMET WELLNovo Resources Corp. has released bulk sample results from its Comet Well joint venture (80-per-cent Novo; 20-per-cent Smith/Gardner Mining), part of Novo's greater Karratha gold project, Western Australia.First-round bulk sample results confirm the potential of the basal conglomerates at Karratha and support Novo's view...Read More
Mr. Eric Edwards reportsTRIMETALS MINING ANNOUNCES CONVERSION OF CONVERTIBLE NOTES, CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FOR $450,000, AND PROVIDES UPDATE ON BOLIVIAN ARBITRATION PROGRESS Trimetals Mining Inc. has closed the first tranche of a non-brokered private placement, raising gross proceeds of $450,000 from the sale of 6,428,571 units priced at seven cents per unit.Eac...Read More
Mr. David Suda reportsTERRAX 2018 SUMMER EXPLORATION PROGRAM CONTINUES TO EXPAND NORTHBELT TARGET TerraX Minerals Inc. has released further assay results from the company's 2018 summer field program on the Yellowknife City gold (YCG) project. A total of 262 samples were taken on the company's Northbelt target, which represents the possible extension of Con-Giant trend and constitutes the core focu...Read More
Canada's Leagold Mining (TSX:LMC), which acquired the Santa Luz gold project in Brazil after taking over Briogold to build a mid-sized gold producer in Latin America, said restarting the mine would cost $82 million.Delivering the results of an updated feasibility study for the asset, which has been shut down since 2014, the Vancouver-based miner said Santa Luz could produce 1.06 million ounces of...Read More
Canada's Leagold Mining (TSX:LMC), which acquired the Santa Luz gold project in Brazil after taking over Briogold to build a mid-sized gold producer in Latin America, said restarting the mine would cost $82 million.Delivering the results of an updated feasibility study for the asset, which has been shut down since 2014, the Vancouver-based miner said Santa Luz could produce 1.06 million ounces of...Read More
SASKATCHEWAN - Star Diamond Corp. (TSX: DIAM), formerly Shore Gold, has received approval for the Star-Orion South diamond project from the provincial Minister of environment. The project is located near Fort a la Corne, in the central part of the province.The federal environment assessment agency announced its positive decision in December 2014. Additional permit approvals from the provincial a...Read More
Marlin Gold Mining (TSX-V: MLN) issued a media statement today saying that as a result of heavy rainfall caused by Hurricane Willa, which made landfall on Mexico's Pacific coast as a Category 3 on Oct. 23, a significant amount of water has accumulated inside one of the pits at its La Trinidad gold mine located in the northwestern state of Sinaloa, 42 kms southeast of Rosario.Marlin Gold explained...Read More
A top Chilean court decided not to hear a lawsuit that sought to block China's Tianqi from acquiring Nutrien's (TSX:NTR) stake in the world's No. 2 lithium miner SQM, clearing the way for the biggest-ever deal in an industry that supplies the growing electric-vehicle market.The Constitutional Court said Thursday a complaint brought by companies owned by Julio Ponce, the Chilean miner's top shareho...Read More
Lupaka Gold (TSXV: LPK) denounced today that operations its Invicta Gold Development Project, which is located some 120 kilometres north of the Peruvian capital, have been impacted by an ongoing demonstration organized by a group of residents of the nearby community of Paran.According to the Canadian miner, the protesters have blockaded the access road directly outside of the main gate of the mine...Read More
South Africa's Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Friday it had concluded a proposed deal with Canada's Regulus Resources (TSX-V: REG), and its newly formed subsidiary Aldebaran Resources, to jointly unlock value at the Altar copper-gold project, in Argentina.The precious metal miner said it benefitted from the transaction by obtaining upfront proceeds of $15 million while retaining a d...Read More
Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) is strengthening its footprint outside Greece, where it has faced ongoing hurdles to advance two major gold projects, by investing $520 million in a mill at its K????lada?? gold mine in Turkey.The project would make of K????lada?? a nine-year, 270,000-ounce-per-annum mine. Currently, it's a heap leach operation, but Eldorado ran into major recovery troub...Read More