Investors pile into gold ETFs
Gold-backed ETFs added 154 tonnes for net inflows of US$8.5 billion across all regions in May, boosting global holdings to a new all-time high of 3,510 tonnes, according to new…
Fast News
Copper price rally builds on China spending
Copper advanced to a 12-week high on June 4 as China’s US$700 billion stimulus program focussed on so-called “new infrastructure” and “new urbanization” kicked into gear. Copper trading in New…
Pure Gold to restart drilling in Red Lake
Pure Gold Mining (TSXV: PGM; LSE: PUR) is starting a 30,000-metre underground and surface diamond drill program at its wholly owned PureGold Red Lake mine. The program will be focused…
Callinex discovers new silver zone at Nash Creek
Drilling at Callinex Mines’ (TSXV: CNX; US-OTC: CLLXF) 118-sq.-km Nash Creek project in the Bathurst mining district of New Brunswick has encountered a new zone of silver mineralization, 9.6 km…
GoldMining reports 1M oz. resource at Almaden in Idaho
GoldMining (TSX: GOLD; US-OTC: GLDLF) has reported a mineral resource estimate for its wholly owned 17.2-sq.-km Almaden project, 140 km north of Boise in Idaho. The pit-constrained estimate includes 43.5…
Atlantic Nickel hits milestones at Santa Rita in Brazil
The Santa Rita mine in Brazil — one of the largest open-pit nickel sulphide mines in the world — remains fully operational with limited disruptions to the supply chain, owner…
Belgium expands probe into zinc miner Nyrstar
Belgium’s Financial Services and Markets Authority (FSMA) has broadened a probe kicked off in September 2019 into zinc firm Nyrstar NV that is looking into possible ties between the company…
Osisko Mining raises $150M in bought deal
Osisko Mining (TSX: OSK) has entered into an agreement with Canaccord Genuity and Eight Capital as co-lead underwriters of a syndicate, which has agreed to purchase, on a bought-deal private…
Centerra Gold kicks off commercial mining in Turkey
Centerra Gold (TSX: CG) has declared commercial production at its Öksüt mine in Turkey, four months after it poured first gold at the operation. The Toronto-based company now has three…
Genesis Metals drills Chevrier gold project in Quebec
Genesis Metals (TSXV: GIS) has released assay results for four holes completed at its 290-sq.-km Chevrier gold project near Chibougamau, Quebec. The drill highlights include 20 metres of 1.36 grams…
Iamgold buys Monarch Gold’s Fayolle for $11.5M
Monarch Gold (TSX: MQR) is selling its Fayolle property in western Quebec to Iamgold (TSX: IMG; NYSE: IAG) in a cash and share deal valued at $11.5 million. The Montreal-based…
Canada Nickel grows Main and East zones at Crawford
Canada Nickel (TSXV: CNC) has released full assays for hole CR20-33 as well as nickel assays for hole CR20-32, which step out the East zone nickel-PGM mineralization by 400 metres…