Gold ETFs hit record high in Q1
Global gold-backed exchange-traded funds (ETFs) had US$23 billion, or 298 tonnes, of net inflows, in the first quarter of 2020 – the highest quarterly amount ever and the largest tonnage…
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Rio Tinto maintains dividend, discloses taxes
Rio Tinto (NYSE: RIO; LSE: RIO) Chairman Simon Thompson told shareholders the company will proceed with a dividend payment announced in February of $2.31 per share, or $3.7 billion, and…
Marathon Gold releases prefeasibility study on Valentine
Marathon Gold (TSX: MOZ) has released the results of a prefeasibility study on its Valentine gold project in Newfoundland, which envisions a 12-year open pit mine, producing an average of…
SolGold’s Ecuador copper project grows
SolGold’s (TSX: SOLG; LSE: SOLG) Cascabel copper-gold asset in Ecuador received a boost on Tuesday after a long-awaited third resource update for Alpala, the project’s main deposit, showed larger than…
Executive chairman John Thornton sells 50% of his shares in Barrick
John Thornton, Barrick Gold’s (TSX: ABX; NYSE: GOLD) executive chairman, has sold half his stake in the company “due to personal portfolio considerations.” Thornton sold 2.63 million shares following the…
Rockcliff boosts resource for Rail deposit in Manitoba
Rockcliff Metals (CSE: RCLF) has released an updated resource for its wholly owned Rail deposit in central Manitoba, doubling both the total resource tonnes and contained copper-equivalent metal at the…
Luminex grows Condor with new Camp resource
Luminex Resources (TSXV: LR) has unveiled a maiden resource for its Camp deposit, part of its Condor project in southeastern Ecuador, of 11.9 million inferred tonnes grading 2.95 grams gold…
Glencore defers decision on dividend
Glencore (LON: GLEN) is postponing a decision on whether to proceed with a cash dividend of 20¢ per share totalling US$2.6 billion in 2020 due to the COVID-19 pandemic. “When…
Raymond James lowers metals forecasts for 2020
Raymond James has updated its metal price forecasts for the year due to the COVID-19 pandemic. Its new full-year forecast for gold in 2020 is US$1,594 per oz., down from…
TMAC releases Hope Bay study
TMAC Resources (TSX: TMR) has released key results from a prefeasibility study completed for its wholly owned Hope Bay gold project in Nunavut. This latest study envisions a new 4,000…
Premier offers US$205M for Centerra’s stake in Greenstone Gold Mines
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is offering to purchase the remaining 50% interest it doesn’t already own in the Greenstone Gold Mines Partnership (GGM) from Centerra Gold (TSX:…
Seabridge to acquire 3 Aces gold project in Yukon
Seabridge Gold (TSX: SEA; NYSE: SA) is acquiring the 3 Aces gold project in southeastern Yukon from Golden Predator Mining (TSXV: GPY) for 300,000 Seabridge shares and an immediate cash…