SW US: Anfield wants $50M for Utah mill
Developer Anfield Energy (TSXV, Nasdaq: AEC) will seek to raise at least $50 million (C$69.3 million) in financing over the coming months to refurbish and reopen Utah’s Shootaring Canyon mill –…
Articles by FREDERIC TOMESCO
Artemis drilling points to Blackwater resource growth
Artemis Gold’s (TSXV: ARTG; US-OTC: ARGTF) first two holes in a 25,000-metre expansion program at its Blackwater mine in British Columbia have encountered substantial mineralization beyond the current reserve, suggesting…
Central Nevada Gold on mine hunt: CEO
Privately held developer Central Nevada Gold will look at acquiring other precious metals assets in the state after buying the past-producing Mule Canyon mine from Newmont (NYSE, ASX: NEM; TSX:…
Lassonde-backed Cadillac Mines drilling points to more Ontario gold
Canadian developer Cadillac Mines (TSX: CADY) says new drilling at its past-producing Kerr-Addison property in Ontario could open the door to a larger open-pit gold resource. The stock rose. Standout…
Onyx hits 13g gold at Munro-Croesus in Ontario
Onyx Gold (TSXV: ONYX) reported one of its highest-grade intervals yet at the Munro-Croesus project in northern Ontario as the Canadian developer works to outline a broad gold system. The…
US opens vast Pacific seabed to mining
Washington is planning to auction off deep-sea mining leases near the Northern Mariana Islands later this year, advancing the Trump administration’s push to develop domestic sources of critical minerals from…
AngloGold Ashanti in $58.5M deal to double Thesis stake
AngloGold Ashanti (NYSE: AU) is investing $58.5 million (US$42 million) to double its stake in Thesis Gold & Silver (TSXV: TAU; US-OTC: THSGF) and help the Vancouver-based developer advance the…
G Mining hikes cost forecast on labour, royalties
Operating expenses at South America-focused gold producer G Mining Ventures (TSX: GMIN; US-OTC: GMINF) will be about 12% higher this year due in part to labour-cost inflation and increased royalty…
Rosebud project, like in ‘Citizen Kane,’ reveals another secret
New drilling by Canadian explorer Blossom Gold (TSX: BGAU) at its Rosebud open-pit, heap-leach project in Nevada points to broad mineralized zones around areas of historical underground mining. Hole BG26-027 in…
Lake Victoria’s Tembo holds 600K oz. gold near Barrick
An initial resource for Lake Victoria Gold’s (TSXV: LVG) Tembo project in Tanzania shows the deposit contains almost 600,000 oz. gold next to Barrick Mining’s (TSX: ABX; NYSE: B) Bulyanhulu…
US investor group taps Glencore in bid for Sherritt
A U.S. investor group that includes Glencore (LSE: GLEN) is offering to recapitalize Sherritt International (TSX: S) and acquire control of the beleaguered miner whose survival is in doubt following…
US unveils $2B of financing commitments for mining
United States President Donald Trump on Friday announced more than $2 billion (C$2.8 billion) in financing pledges for critical minerals and other mining projects that he says will help the…