Omai Gold discovery extends depth of Guyana deposit
Omai Gold Mines (TSXV: OMG; US-OTC: OMGGF) said new drilling at its namesake project in Guyana has extended the past-producing site’s Wenot deposit to new depths, opening the door to a…
Articles by FREDERIC TOMESCO
Vizsla sees 7-month payback for Panuco project
Vizsla Silver (TSX, NYSE: VZLA) said a new study shows the company would need less than a year to recoup its investment if it proceeds with the flagship Panuco silver-gold…
Nuclear to get lion’s share of U.S. loans: official
Nuclear power will receive most of the money from the U.S. Energy Department’s loan office as part of a government push to ensure new reactors are built quickly, Energy Secretary…
SSR Mining adds 12 years to Colorado gold mine
SSR Mining (Nasdaq, TSX: SSRM) said a new technical study for the recently acquired Cripple Creek & Victor (CC&V) gold mine in Colorado extends the asset’s mineral reserve estimate and projected…
Barrick starts review to boost predictability, safety
Barrick Mining (TSX: ABX; NYSE: B) says it’s reviewing operations to curtail unplanned downtime and improve worker safety as the Canadian miner shifts its focus to North America. Toronto-based Barrick is…
Tactical raises up to $140M for Texas rare earths project
Tactical Resources (TSX-V: RARE; US-OTC: USREF) said U.S. asset manager Yorkville Advisors Global agreed to provide up to $140 million (C$196 million) in financing – a move that will help…
Solaris values Ecuador copper mine at $4.6B
Swiss mine developer Solaris Resources (TSX: SLS; NYSE: SLSR) says a prefeasibility study shows its Warintza copper-gold project in southeastern Ecuador would generate an after-tax net present value of $4.6 billion (C$6.4…
US plan to boost Africa mining ties needs work: analyst
Recent United States initiatives aimed at developing closer ties with resource-rich African countries to break China’s stranglehold on critical minerals processing are still a long way from paying off, according…
Montage boosts resource at Côte d’Ivoire’s Koné project
Canadian mine developer Montage Gold (TSX: MAU, OTCQX: MAUTF) says an exploration update for its Koné project in Côte d’Ivoire shows increases in both indicated and inferred resources since the…
Electra restarts construction at Ont. cobalt refinery
Electra Battery Materials (TSX-V, Nasdaq: ELBM) said it’s resumed construction at its Ontario cobalt sulfate refinery after securing about $82 million (C$115 million) in project financing. The stock soared. Work…
Aya values Boumadine in Morocco at $3B with spot gold
Canada’s Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) said a preliminary economic assessment (PEA) for its Boumadine polymetallic project in Morocco shows the company would need barely a year…
Gold Fields pays $50M for 12% of Founders Metals
Gold Fields (NYSE, JSE: GFI) agreed to pay about $50 million (US$36 million) to become the biggest shareholder in Founders Metals (TSXV: FDR; US-OTC: FDMIF), which is developing the Antino…