BHP boosts investment in SolGold
BHP Billiton (NYSE: BHP) is spending US$22 million to boost its stake in SolGold (TSX: SOLG; LON: SOLG) to 14.7% from 11.1%, making it one of the two largest shareholders…
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McEwen Mining raises US$50 million
McEwen Mining (TSX: MUX; NYSE: MUX) has closed a public offering of US$50 million issuing 37.8 million units at $1.325 per unit. Each unit consists of one common share and…
Silvercrest finds high-grade zone at Las Chispas
SilverCrest Metals (TSX: SIL; NYSE: SILV) has discovered a new high-grade zone outside the resource area at its Las Chispas project in Sonora, Mexico. The discovery hole — 19-118 —…
Glencore’s closure of Brunswick smelter won’t impact Caribou, Trevali says
Glencore’s (LON: GLEN) decision earlier this month to permanently close its Brunswick lead smelter in New Brunswick by the end of the year, won’t interfere with the lead concentrate Trevali…
High Power Exploration raises US$88 million
Robert Friedland’s High Power Exploration (HPX) has closed a US$88-million equity investment from an undisclosed U.S.-based institutional investor that will allow the privately held company to fast-track development of its…
Lundin Gold pours first doré bar at Fruta del Norte in Ecuador
Lundin Gold (TSX: LUG) has produced its first doré bar at the Fruta del Norte (FDN) mine in southeastern Ecuador. The first export of concentrate and dore is anticipated by mid-December…
Barrick to sell stake in Kalgoorlie mine
Barrick Gold (TSX: ABX; NYSE: GOLD) has agreed to sell its 50% interest in Kalgoorlie Consolidated Gold Mines (KCGM) in Western Australia to Saracen Mineral Holdings (ASX: SAR) for US$750 million…
Coeur Mining invests in Integra Resources
Coeur Mining (NYSE: CDE) is investing $6.6 million to acquire 5.76 million common shares of Integra Resources (TSXV: ITR; US-OTC: IRRZF) at $1.15 per share. The private placement includes an…
BHP appoints insider as CEO
BHP (NYSE: BHP; LON: BHP) has appointed Mike Henry as its new CEO starting Jan. 1, 2020. Henry will replace CEO Andrew Mackenzie, who is retiring on Dec. 31. Currently…
Osisko Metals updates resource for Pine Point zinc project
Osisko Metals (TSXV: OM; US-OTC: OMZNF) has tabled a resource update for its wholly owned Pine Point lead-zinc project on the south shore of Great Slave Lake in the Northwest…
BMO initiates coverage of Cardinal Resources
BMO Capital Markets is initiating coverage of Perth-based Cardinal Resources (TSX: CDV; ASX: CDV) with an outperform rating, noting that the company’s Namdini gold project in Ghana is “one of the…
China’s Yibin Tianyi invests in lithium-focused AVZ Minerals
China’s Yibin Tianyi is taking a 12% stake in Australia’s AVZ Minerals (ASX: AVZ) for A$14.1 million (US$9.6 million). The Perth-based mining company says it will use the funds to…