Almonty advances Sangdong tungsten mine in South Korea
The summer is shaping up to be a busy time for Almonty Industries‘ (TSX: AII; US-OTC: ALMTF; ASX: AII) as development of its Sangdong Tungsten mine in South Korea ramps…
Articles by Marilyn Scales
Los Andes Copper signs US$20M royalty deal with Ecora Resources
Vancouver’s Los Andes Copper (TSXV: LA; US-OTC: LSANF) has signed a US$20-million royalty agreement with Ecora Resources (TSX: ECOR). The royalty includes a 0.25% net smelter royalty (NSR) on sales…
Lucara underground Karowe diamond mine cost jumps 25% to US$683M
Lucara Diamond (TSX: LUC) has increased total preproduction costs for its Karowe underground diamond mine expansion to US$683 million, a 25% rise over its earlier estimate of US$547 million in…
GoviEx Uranium nearly triples resources at Zambia project
GoviEx Uranium (TSXV: GXU; OTCQX: GVXXF) saw most of the resource move into the measured and indicated categories and grades rise in an update for its Muntanga uranium project in…
Steppe Gold signs US$150M term sheet to fund ATO mine expansion in Mongolia
Steppe Gold (TSX: STGO; US-OTC: STPGF) has signed a binding term sheet to provide up to US$150 million in financing to fully fund a second-phase expansion at its ATO (Altan…
Wallbridge PEA pegs Fenelon annual gold output at 212,000 oz over 12 years
Wallbridge Mining (TSX: WM; OTC: WLBMF) released a positive preliminary economic assessment (PEA) for its 100%-owned Fenelon gold project in the Abitibi greenstone belt, along the Detour-Fenelon gold trend in…
Bunker Hill closes US$67M deal to restart Idaho mine
Bunker Hill Mining (CSE: BNKR) says it is ready to restart the past-producing Bunker Hill silver mine project in Idaho after closing a US$67-million deal first announced on May 23….
O3 Mining delivers first resource for Malartic H gold deposit
O3 Mining (TSXV: OIII; US-OTC: OIIIF) has released its first resource estimate for its 100%-owned Malartic gold deposit at Marban, between Val d’Or and Malartic, Que. The inferred resource, recoverable…
Rio Tinto invests US$498M in Kennecott copper underground
Rio Tinto (ASX: RIO) is strengthening its position in the U.S. copper supply chain by investing in its Kennecott mine near Salt Lake City, Utah. Underground production will be increased,…
Filo private placement for Argentine copper-gold project balloons to $130M
At the beginning of June, Filo Mining (TSX: FIL; NASDAQ: FIL) announced a $100-million non-brokered private placement in support of exploration and development at its Filo del Sol copper-gold project…
Fireweed names Mactung largest high-grade tungsten deposit in the world
Fireweed Metals (TSXV: FWZ; US-OTC: FWEDF) has released a new resource estimate for its Mactung tungsten project in the Yukon and Northwest Territories that confirms it as one of the…
Rio Tinto plans $1.4B expansion of aluminum smelter in Quebec
Rio Tinto (NYSE: RTP; LSE: RIO; ASX: RIO) is planning a $1.4-billion expansion of its AP60 aluminum smelter equipped with low-carbon technology at Jonquiere, Que. The expansion will coincide with…