New Found Gold buys Maritime for $292M
New Found Gold (TSXV: NFG; NYSE-A: NFGC) is acquiring Maritime Resources (TSXV: MAE) in a deal valued at about $292 million (US$212 million) that would create a multi-asset gold producer…
Articles by Colin McClelland
Sweden to ditch uranium ban, unleashing giant projects
Sweden plans to remove a ban on mining uranium Jan. 1, boosting projects by District Metals (TSX-V: DMX; Nasdaq: DMXSE SDB; US-OTC: DMXCF) and Aura Energy (LSE: AURA; ASX: AEE),…
Anglo sells rest of Amplats
Anglo American (LSE: AAL) sold its final stake in Valterra Platinum (JSE: VAL), formerly Anglo American Platinum (Amplats), as part of restructuring it began last year. The deal for the…
The first Treasure Hunt clue
Welcome to The Great Canadian Treasure Hunt — your journey into the unknown begins now. You’ve just taken your first step down a trail rich with clues, history and the…
Cameco posts ‘surprising’ lower output estimate
Cameco (TSX: CCO; NYSE: CCJ) has cut this year’s production forecast for its main McArthur River uranium mine by significantly more than BMO Capital Markets envisioned, which it said could…
First Nations buy BC port serving Newmont mines
Two First Nations groups have partnered with a trucking company to buy a bulk terminal port near British Columbia’s border with Alaska serving Newmont’s (TSX: NGT; NYSE: NEM) Brucejack and…
Vietnam lifts state monopoly on gold
Vietnam, the third-largest importer of gold in Asia, issued a decree on Tuesday abolishing its 13-year-old state monopoly on gold trading, causing a spike in local prices even as the…
Troilus, Torngat ink offtakes on Carney’s German mission
Troilus Gold (TSX: TLG; US-OTC: CHXMF), which is developing a $1.1-billion (US$800-million) capex brownfield mine project in Quebec, has signed a preliminary copper offtake agreement with a German smelter during Prime…
Kenorland starts resource with 26-g gold hit in Quebec
Kenorland Minerals (TSXV: KLD; US-OTC: KLDCF) has reported more high-grade assays from the Frotet project in northern Quebec with an initial resource on its Regnault gold system due in the…
Aldebaran denies $1.5B Altar project cost on Reuters
Aldebaran Resources (TSXV: ALDE; US-OTC: ADBRF) disputes a Reuters report on Friday that an economic study due next month on the Altar copper-gold project in Argentina will show costs of…
Aldebaran suggests $1.5B to build Altar in Argentina
Aldebaran Resources (TSXV: ALDE; US-OTC: ADBRF) says an economic study due next month on its Altar copper-gold project in Argentina will contain a $1.5-billion (C$2.09-billion) construction figure. The preliminary economic…
Lithium price surge forecast to be short
Lithium prices surged this week on concerns about supply disruptions in China, but analysts are warning the rally will be short-lived. A halt in production at Chinese lepidolite mines, which…