Gold output to fall 1.7% in 2020 on shutdowns: report
The suspension of mining activities due to the Covid-19 outbreak in the second quarter of this year will result in a 1.7% decline in global gold production in 2020, says…
Fast News
TomaGold sells 25% interest in Monster Lake project to Iamgold
TomaGold (TSXV: LOT) is selling its 25% interest in the Monster Lake project to Iamgold (TSX: IMG; NYSE: IAG). Under the sales agreement, Iamgold will pay TomaGold $500,000 in cash and $8 million…
Teck copper mine in Chile switches to renewable energy
Teck Resources (TSX: TECK.A/B; NYSE: TECK) has signed a long-term agreement that will provide its Carmen de Andacollo copper operation in central Chile with 100% renewable power, eliminating 200,000 tonnes…
Magna Gold tables study on recently-acquired San Francisco mine
Magna Gold (TSXV: MGR; US-OTC: MGLQF) has released the results of a preliminary feasibility study (PFS) on its San Francisco mine, acquired earlier this year, in Mexico’s Sonora state. The…
CIBC predicts $32 silver, $2,300 gold in 2021
CIBC has raised its gold price forecasts to US$2,300 per oz. in 2021, US$2,200 per oz. in 2022, US$2,100 per oz. in 2023 and US$2,000 per oz. in 2024. This…
Wesdome advances Kiena mine complex in Quebec
Wesdome Gold Mines (TSXV: WDO) has released drill results from underground definition drilling at its wholly owned Kiena mine complex, 15 km northwest of Val-d’Or and 100 km east of Rouyn-Noranda…
Argonaut drill results suggest connection between deposits
Drill results from the Central zone at Argonaut Gold’s (TSX: AR) wholly owned past-producing Magino gold project in Ontario hit high-grade gold intervals, which suggest potential for a connection with…
Amex drills long gold intercepts at Denise zone in Quebec
Amex Exploration (TSXV: AMX; US-OTC: AMXEF) has reported assay results for seven holes completed at the Denise zone, within its Perron gold property in northwestern Quebec, which step out the…
Kore Mining outlines low-cost heap leach development at Long Valley
Kore Mining (TSXV: KORE; US-OTC: KOREF) has released the results of a preliminary economic assessment (PEA) for its wholly owned Long Valley gold deposit in California’s Mono County, which suggests…
Oklo Resources executive buys more shares in West Africa-focused junior
Simon Taylor, managing director of Oklo Resources (ASX: OKU), has acquired 400,000 shares of the company. The Australia-listed company is advancing its flagship Dandoko gold project in Mali, 30 km…
E3 Metals discovers lithium enriched aquifer in south-central Alberta
Calgary-based lithium developer E3 Metals (TSXV: ETMC; US-OTC: EEMMF) announced the discovery of a new lithium enriched aquifer in south-central Alberta. The lithium enrichment was discovered in the Nisku aquifer, and…
Central Asia Metals reports tailings leak in North Macedonia
Central Asia Metals (AIM: CAML) has reported that tailings from its Sasa zinc-lead mine have leaked into a local river in North Macedonia. The leakage, discovered at 5 a.m. on…