Monarch discovers high-grade zone at McKenzie Break
The latest drill results from Monarch Gold’s (TSX: MQR) McKenzie Break gold property, 25 km north of Val d’Or, Que., suggest a new high-grade zone of gold mineralization to the…
Fast News
Galway grows Clarence Stream in New Brunswick
Galway Metals (TSXV: GWM) has released drill results from its 605-sq.-km Clarence Stream gold project in New Brunswick, which narrows the gap between the Richard and Jubilee zones down to…
Excellon to acquire Otis in all-share deal
Silver producer Excellon Resources (TSX: EXN) has announced plans to acquire developer Otis Gold (TSXV: OOO) in an all-share deal worth an estimated $32.3 million, based on recent closing stock prices. Excellon’s main…
Canada no longer top mining investment destination, Fraser Institute says
For the first time in a decade, there are no Canadian jurisdictions in the Fraser Institute’s top 10 investment destinations, based on the 2019 annual survey of mining and exploration companies….
Corvus gets positive results at Mother Lode
Infill drilling at Corvus Gold’s (TSX: KOR) Mother Lode deposit has intercepted high-grade mineralization over a broad area. Highlights include 88.4 metres of 1.92 grams gold per tonne and 56.4 metres…
GoldMining to buy Almaden gold project in Idaho
GoldMining (TSX: GOLD; US-OTC: GLDLF) has agreed to buy the Almaden gold project in west-central Idaho from Sailfish Royalty Corp. for $1.2 million in cash and shares. Located 140 km…
Gold surges on coronavirus fears
Seven straight sessions of gains lifted the gold price to a fresh seven-year high, after renewed fears of the coronavirus sent investors scurrying to safe-haven assets. The gold price touched…
Coeur suspends Silvertip on low prices for lead, zinc
Coeur Mining (NYSE: CDE), the largest U.S.-based primary silver producer, is temporarily halting operations at its Silvertip silver-zinc-lead mine, located in Canada’s northern British Columbia, due mainly to low prices…
Newmont, Teck to invest US$152M in Chilean copper-gold project
Newmont Mining (TSX: NGT; NYSE: NEM) and Teck Resources (TSX: TCK.B; NYSE:TCK) are injecting new life into their NuevaUnión 50-50 joint venture in Chile by investing US$152 million into the…
Rio Tinto builds first solar plant in Western Australia
Rio Tinto (NYSE: RIO; LSE: RIO) will build a US$98 million solar plant to power its Koodaideri iron ore mine in Western Australia, about 35 km northwest of the company’s…
Barrick beats forecasts, hikes dividend
Barrick Gold (TSX: ABX; NYSE: GOLD) posted a better-than-expected quarterly profit and rewarded investors with a 40% dividend increase, thanks to strong gold prices. The world’s second-largest gold producer reported…
Pretium meets guidance, lowers production outlook
Pretium Resources (TSX: PVG) expects to produce between 325,000 oz. and 365,000 oz. gold per year in the Valley of the Kings zone, in contrast with the 525,000 oz. long-term…