Orla pours first gold at Camino Rojo in Mexico
Orla Mining (TSX: OLA; NYSE: ORLA) has accomplished the first gold pour at its Camino Rojo gold-silver project in Mexico’s Zacatecas state. The first pour occurred on schedule on December…
Fast News
New Gold sells Blackwater gold stream to Wheaton for US$300 million
New Gold (TSX: NGD) is selling its gold stream on the Blackwater project in British Columbia to Wheaton Precious Metals (NYSE: WPM; TSX: WPM; LSE: WPM) for US$300 million. The gold…
Altus in the red on Newcrest royalty buy
The London-quoted equity in Altus Strategies (AIM: ALS; TSXV: ALTS; US-OTC: ALTUF) traded more than 14% in the red on Tuesday following the overnight announcement that it and a privately-held…
Franco-Nevada takes strategic stake in Skeena Resources
Franco-Nevada (TSX: FNV) is acquiring 1.47 million flow-through common shares in Skeena Resources (TSX: SKE; NYSE: SKE) at $21 per share in a non-brokered private placement. After the deal closes,…
Kinross’ Great Bear acquisition ‘credit negative’ says Moody’s
The US$1.4 billion acquisition of Great Bear Resources (TSX: GBR) by Kinross Gold Corp (TSX: K; NYSE: KGC) is credit negative for Kinross, credit ratings agency Moody’s Investors Service said…
Vale sells 50% stake in California Steel to Nucor for US$400 million
Vale’s (NYSE: VALE) Canadian subsidiary has agreed to sell its 50% stake in California Steel Industries (CSI) to Nucor (NYSE: NUE) for US$400 million, the company said. The Brazilian mining…
B2Gold gets Menankoto permit and ends dispute with Mali
Mali has agreed to issue an exploration permit to B2Gold (TSX: BTO; NYSE-AM: BTG) for its Menankoto project, the company says. The permit will be given to a new Malian…
Rio Tinto and Star Diamond make peace
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and Canadian junior Star Diamond (TSX: DIAM) have reached an agreement to end a long drawn out dispute over the development of…
Anglo American flags major design changes at UK fertilizer project
Anglo American (LSE: AAL; US-OTC: AAUKF) has flagged major design changes to the vast fertilizer project being built beneath the North Yorks Moors national park in England, which it acquired last…
Improved interest in gold among US investors: BMO
In a “significant” shift in sentiment in the United States this week, investors appeared to be more interested in gold, according to BMO Capital Markets’ mining analyst Jackie Przybylowski. The…
ICMM members paid US$23.7B in taxes in 2020
The 28-members of the International Council on Mining and Metals (ICMM) reported total tax payments of US$23.7 billion in 2020, an effective tax rate of 39.7%, and an increase of…
Otso Gold CEO detained in Finland on suspicion of fraud
A former CEO of Otso Gold (TSXV: OTSO), Brian Wesson, has been detained in Finland and remains in pre-trial custody under criminal suspicion of aggravated embezzlement and payment fraud, the…