Petra Diamonds cuts forecasts, jobs amid market weakness, softer prices
Petra’s sales revenue for the third tender fell 7% to $71 million, bringing year-to-date revenue to $146 million, down from $188 million last year.
Exploration
Foran conditionally approved for $20M gov’t funding for McIlvenna Bay infrastructure
Foran Mining (TSX: FOM; US-OTC: FMCXF) has conditional Energy and Natural Resources Ministry (NRCan) approval for up to $20 million in support of clean energy infrastructure at its McIlvenna Bay…
‘Robust mineralization’ at Valley in Yukon, Snowline says
Drilling by Snowline Gold (TSXV: SGD; US-OTC: SNWGF) continues to deliver strong results from this year’s drill program at its Valley deposit in eastern Yukon. The company is also updating…
Dundee’s prefeasibility bumps Čoka Rakita gold project NPV by 25% in Serbia
Dundee Precious Metals’ (TSX: DPM) new pre-feasibility study for its Čoka Rakita gold project in Serbia raises the after-tax net present value (NPV) by a quarter and the internal rate…
Miners navigate high risks, ransoms in West Africa
Mali’s military government is trying to arrest the CEO of the world’s second-largest gold company while the junta in Niger has tightened its stranglehold on a French state-owned uranium mine….
London Symposium Video: Quebec mining investment on the rise thanks to government support, panel hears
Quebec attracts substantial mining investment thanks to strong government support, a well-developed critical minerals strategy and innovative technologies, an industry panel heard this month in London. That enables companies like…
Fireweed’s strong zinc hits at Boundary zone close out 2024 drilling in Yukon
The last holes of Fireweed Metals’ (TSXV: FWZ; US-OTC: FWEDF) drill program this year at its Macpass project in eastern Yukon have returned high-grade results that point to the exploration…
O3 Mining shares surge on $204M Agnico Eagle takeover offer
O3 Mining (TSXV: OIII) shares soared 55% Thursday morning after it signed an agreement for Agnico Eagle Mines (TSX: AEM; NYSE: AEM) to acquire it for about $204 million. The…
Evergold drills high-grade antimony in B.C.
Evergold (TSXV: EVER) reported its highest-grade antimony assays yet from the DEM project near Fort St. James, B.C., putting it in the lead among juniors hunting for the critical metal…
Centerra backs Dryden Gold with $3.4M for 9.9% stake
Ontario-focused Dryden Gold (TSXV: DRY; USOTC: DRYGF) received a boost on Tuesday after it said Centerra Gold (TSX: CG; NYSE: CGAU) will be taking up a 9.9% equity stake in…
Canada Nickel hits high grades at Bannockburn site south of main Crawford project
Canada Nickel (TSXV: CNC: US-OTC: CNIKF) has drilled high grades of the critical metal at the company’s Bannockburn property, about 65 km south of Timmins, Ont. Highlight hole BAN24-20 cut…
Iamgold cuts Westwood reserves by 17% amid mine plan overhaul
Iamgold (TSX: IMG; NYSE: IAG) shares fell Thursday after it cut 202,300 oz., or 17%, off the December 2023 Westwood Complex reserve estimate in Quebec. The downgrade follows new classification…