Wesdome grows production at Eagle river, advances Kiena
Last year, Wesdome Gold Mines (TSX: WDO) increased production at its Eagle River complex in northern Ontario by 28% to 91,688 oz. gold while decreasing cash costs by 9% to…
Fast News
Teck targets 33% carbon reduction by 2030
Teck Resources (TSX: TECK.B; NYSE: TECK) announced a target to reduce carbon intensity by 33% by 2030 as part of its new sustainability strategy and goals. This builds on a…
Foran tables PFS for McIlvenna Bay
A pre-feasibility study (PFS) released by Foran Mining (TSXV: FOM) for its wholly owned McIlvenna Bay project in Saskatchewan envisions a 3,600 t/d underground mine with on-site processing and tailings…
O3 Mining grows Bulldog at depth
O3 Mining (TSXV: OIII) has released the results of four holes completed at the Alpha property within its Central Cadillac group of holdings in Quebec. Of the four holes reported…
Copper Mountain cuts output targets amid market rout, coronavirus fears
Copper Mountain Mining (TSX: CMMC) became the latest company to adjust its plans due to collapsing equity markets and near-term copper price uncertainty as a result of the rapidly spreading…
Amplats declares ‘force majeure’, cuts output forecast
Anglo American Platinum, also known as Amplats, has temporarily shut down its Anglo converter plant, declared force majeure, and cut its 2020 output. The South African miner, the world’s top…
Alkane confirms Australia’s support to build rare earths mine
Australian gold producer and rare earths developer Alkane Resources (ASX: ALK) is a step closer to developing its Dubbo project after Australia’s export credit agency confirmed its interest in financing…
Wallbridge grows Fenelon zones
Days after announcing a $110-million all-share acquisition of Balmoral Resources (TSX: BAR) to expand the Fenelon project in Quebec, Wallbridge Mining (TSX: WM) has released drill results from its portion of Fenelon, which…
Argonaut hits more high grade at Magino
Argonaut Gold (TSX: AR) continues to intersect high-grade mineralization below and adjacent to the reserve pit limits at its 22-sq.-km Magino project, 40 km northeast of Wawa, Ontario. The most…
Marathon confirms new zone at Valentine
Drilling between the Marathon and Leprechaun deposits at Marathon Gold’s (TSX: MOZ) Valentine Lake project in Newfoundland has confirmed a new area of mineralization: the Berry zone. Drill highlights include 55…
SQM reports lower profits on weak lithium price
Sociedad Quimica y Minera or SQM (NYSE: SQM), the world’s second-largest lithium producer, continues to suffer from sustained weak prices for the metal used in batteries that power electric vehicles…
Wallbridge acquires Balmoral in $110M all-share deal
Developer Wallbridge Mining (TSX: WM) has announced plans to acquire explorer Balmoral Resources (TSX: BAR) in an all-share deal worth $110 million, consolidating the Fenelon gold property, within the Abitibi greenstone…