Fortuna bets $71M on Latin America gold growth
Fortuna Mining (TSX: FT; NYSE: FSM) plans to invest $71 million (C$101 million) in Argentina and Peru this year as the Canadian precious metals producer targets higher gold output and…
Fast News
Osisko drilling extends Cariboo gold zones deeper
New drilling by Osisko Development (TSXV, NYSE: ODV) has extended high-grade gold zones at the Cariboo gold project in central British Columbia below the current resource envelope. Shares rose. Hole…
Deep-sea mining threatens 60% of vent species: IUCN
More than 60% of the rare mollusc species living around deep-sea hydrothermal vents face extinction from proposed seabed mining, prompting the International Union for Conservation of Nature (IUCN) to renew…
Billions in US-funded rare earths are Asia-bound: report
United States-backed rare earths producers are selling much of their output to Japan and South Korea because American magnet manufacturing has yet to catch up with Washington’s drive to build…
Study values Ontario graphite mine restart at $183M
A new economic study on a potential restart of Global Battery Materials’ (GBM) Kearney graphite mine in Ontario values the project at $183 million (C$260 million) and pegs future cash flow…
Creating mining districts could unlock billions: study
Mining companies could unlock billions in additional value by treating nearby operations as integrated mining districts rather than standalone assets, according to a study by GEM Mining Consulting. The firm’s…
Dakota Gold books high-grade assays at Richmond Hill
New drilling by Dakota Gold (NYSE-A: DC) at its Richmond Hill gold project in South Dakota has identified additional pockets of higher-grade mineralization within the mine’s planned open-pit development area….
Hemlo boosts M&I resources 34% at gold mine
A resource update for Hemlo Mining’s (TSX: HMMC; US-OTC: HMMCF) namesake mine in northwestern Ontario has lifted measured and indicated resources by 34%, underscoring the growth potential of one of…
Rinehart invests $50M in X-ray tech for ore, cancer
Gina Rinehart, Australia’s richest person, is backing California-based Lumitron Technologies with a $50 million investment to commercialize high-resolution imaging technology used to improve ore processing and cancer detection. The investment…
Faraday drilling expands Copper Creek potential
New drilling at Faraday Copper’s (TSX: FDY; US-OTC: CPPKF) Copper Creek, one of America’s largest undeveloped projects for the red metal, has identified broad zones of near-surface mineralization that could…
AbraSilver study quadruples Argentina project value
A definitive feasibility study for AbraSilver Resource’s (TSX: ABRA; US-OTC: ABBRF) Diablillos silver-gold project in Argentina quadruples the open-pit mine’s projected value and cuts the payback period to less than…
Newcore Gold tanks as Enchi prefeasibility disappoints
Newcore Gold (TSXV: NCAU; US-OTC: NCAUF) fell to its lowest level in 17 months after a prefeasibility study (PFS) for its Enchi project in Ghana delivered underwhelming economics despite underlying…