Angola plans new diamond exchange in 2021
The government of Angola says it has identified key steps that it needs to take before launching its own diamond exchange in Luanda, which is slated to open by the…
Fast News
China targets 20% share of new energy vehicle sales by 2025
The Chinese government has launched a new energy vehicle (NEV) industry development plan that will see NEV sales account for 20% of the country’s total vehicle sales by 2025. The…
Torex Gold posts ‘extraordinary’ Q3 results
Mexico-focused Torex Gold Resources (TSX: TGX) is the latest gold miner to report surging profits on the back of a strong gold price. For its third quarter, Torex poured 131,790…
Copper Mountain posts strong Q3, lowers cost guidance
In the third quarter, Copper Mountain Mining’s (TSX: CMMC) flagship namesake open-pit mine in B.C., 20 km south of Princeton, generated 23.8 million lb. copper-equivalent, at all-in sustaining costs of…
Rio Tinto invests US$51M in Canadian alumina refinery
The world’s second largest miner Rio Tinto (NYSE: RIO; LSE: RIO) is investing US$51 million to upgrade facilities at its Vaudreuil alumina refinery in Quebec. The company said three new…
Alamos posts record cash flow, raises dividend 33%
Alamos Gold (TSX: AGI; NYSE: AGI) generated record cash flow of US$76 million during the third quarter, led by strong operating performance across its three operations in Ontario and Mexico….
BMO emerges as top advisor for M&A
BMO Capital Markets emerged as the top financial adviser for mergers and acquisitions (M&A) in the global mining sector by value as well as volume through the first three quarters…
Giga Metals targets battery market with Turnagain nickel project
Giga Metals (TSXV: GIGA; US-OTC: HNCKF) has tabled an updated preliminary economic assessment (PEA) on its Turnagain nickel-cobalt project in B.C., 65 km east of Dease Lake. The early-stage study…
Brixton teams up with Friedland’s HPX on polymetallic project in Montana
Brixton Metals (TSXV: BBB) has entered a joint venture agreement on its wholly owned Hog Heaven project with High Power Exploration (HPX), a privately owned mining company led by billionaire…
New Found Gold drills long intervals of high-grade gold in Newfoundland
Drilling around last year’s discovery hole at the Keats zone within New Found Gold’s (TSXV: NFG; US-OTC: NFGFF) wholly owned Queensway gold project in Newfoundland has returned long intervals of…
Canex Metals finds mineralization at Gold Range in Arizona
Canex Metals (TSXV: CANX) has released assay results from the first five drill holes at its Gold Range project in northern Arizona’s Mohave County. The 10-sq.-km project sits within a historic…
Galway Metals CEO says Clarence Stream ‘an important new gold district in North America’
Drilling at Galway Metals’ (TSXV GWM) Clarence Stream gold project in New Brunswick has more than doubled the strike of the Richard zone from 400 metres to over 900 metres….