Osisko Metals shows ‘upside potential’ at Pine Point
Osisko Metals has released drill results from the East Mill zone at its Pine Point project with eight of the nine intercepts reported from outside of the current resource boundaries….
Fast News
Kinross sells stake in Lundin Gold for $150M
Kinross Gold (TSX: K; NYSE: KGC) is selling 20.7 million shares, or its 9.2% stake, in Lundin Gold (TSX: LUG) for $150 million. Shareholders Newcrest Mining (ASX: NCM) and the…
Rio Tinto suspends South African operation over ‘criminal activity’
Increasing violence in communities around its Richards Bay Minerals complex in South Africa has forced Rio Tinto (NYSE: RIO) to curtail all mining operations there, the Anglo-Australian miner says. The…
First Cobalt advances Ontario-based refinery
First Cobalt (TSXV: FCC; US-OTC: FTSSF) has released an update on the progress of recommissioning its cobalt refinery in partnership with Glencore (LON: GLEN). The company expects to complete a…
Unigold finds gold mineralization at Neita in Dominican Republic
Two drill holes at Unigold’s (TSX-V:UGD) wholly owned Neita concession have intersected gold-rich massive sulphide mineralization at the project’s Candelones Extension zone. The 226-sq.-km Neita concession, 100 km southwest of Santiago…
Newmont Goldcorp raises stake in GT Gold
Newmont Goldcorp (TSX: NGT; NYSE: NEM) is raising its stake in GT Gold (TSXV: GTT) from 9.9% to about 14.9% via an $8.3 million private placement. Currently, there are two…
Tinka cuts high-grade zinc at Ayawilca in Peru
Vancouver-based Tinka Resources (TSXV: TK; US-OTC: TKRFF) has intersected several zones of high-grade zinc mineralization in the final hole of this year’s drill program at its wholly owned Ayawilca zinc…
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…
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…