Lundin Gold estimates three-year production at 400,000 oz. annually
Lundin Gold (TSX: LUG), 100% owner of the Fruta del Norte mine in Ecuador, estimates that over the next three years the mine will average 400,000 oz. of gold annually….
Fast News
Rockcliff reports high-grade drill results from Copperman project in Manitoba
Rockcliff Metals (CSE: RCLF; US-OTC: RKCLF) has released high-grade copper and zinc assays from the first phase of its drill program at the Copperman property in Manitoba, about 120 km from the junior explorer’s Bucko mill in the Snow…
SolGold reports first resource estimate for Cacharposa deposit in Ecuador
SolGold (TSX: SOLG; LSE: SOLG) has released an initial resource estimate for its Cacharposa porphyry copper-gold deposit, part of the company’s Porvenir project in southern Ecuador, about 100 km south…
Stronger metal prices lift NPV of Copper Mountain’s Eva project in Australia to US$622M
Copper Mountain Mining (TSX: CMMC; ASX: C6C) has updated the economics for its Eva copper project, finding healthier economics thanks to higher metals prices, but also a higher capital commitment….
Petra Diamonds to sell half its stake in Williamson mine
Tanzanian technical services contractor Caspian is paying $15 million for a 31.5% stake in the mine.
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…
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…