Ascot again delays Premier gold mine restart
Ascot Resources (TSX: AOT; US-OTC: AOTVF) is placing its main Premier gold project in British Columbia, which has been delayed several times, on care and maintenance after talks broke down…
Financing
Juniors chase ounces, cash flow
Juniors must deliver resource growth, production gains and technological edge to capture capital, according to participants at this month’s Mining Investment Event of the North in Quebec City. The Northern…
Silver X secures $2M from Trafigura to support Peru copper expansion
Silver X Mining (TSXV: AGX; US-OTC: AGXPF) has secured a $2-million loan from commodities trading giant Trafigura to support the expanded production of copper from its Nueva Recuperada project in…
Magna’s Crean Hill nickel project granted $500K
Magna Mining (TSXV: NICU; US-OTC: MGMNF) has been awarded $500,000 by the Ontario government for the company’s brownfield Crean Hill nickel-copper-platinum group metals project. The award is part of the…
Vizsla raising US$100M to develop Panuco project
Canadian miner Vizsla Silver (TSX, NYSE: VZLA) is raising about US$100 million ($138 million) to advance the exploration, drilling and development of its flagship Panuco project in western Mexico. The…
Trafigura backs Euro Sun’s Rovina Valley with $200M financing deal
Euro Sun Mining (TSXV: ESM; US-OTC: ESMNF) has lined up a $200-million loan package, with backing from global commodities trader Trafigura, to help finance its Rovina Valley gold-copper project in…
Greenland grants 30-year permit to moly mine
Greenland Resources (Cboe CA: MOLY; FSE: M0LY) has secured a 30-year permit for its Malmbjerg molybdenum project, a major development backed by the European Union. The open-pit mine is expected…
Glencore urges Aus support to save Mount Isa smelter
Glencore (LSE: GLEN) has declared its Mount Isa copper smelter unviable and is awaiting a response from Australia’s federal and Queensland’s governments regarding requests for financial assistance to keep the…
Rio Tinto settles hedge fund claims on Oyu Tolgoi
Rio Tinto (ASX, LSE: RIO) has agreed to pay nearly $139 million to settle a long-running class action lawsuit accusing the company of concealing development delays at its $7-billion giant…
Lundin targets top-10 copper miner status
Canada’s Lundin Mining (TSX: LUN) has unveiled a strategic growth plan designed to catapult the company into the world’s top 10 copper producers. The Vancouver-based miner aims to reach annual…
Titan gains on EXIM zinc-graphite site funding
Titan Mining (TSX: TI; US-OTC: TIMCF) soared on Thursday after the Export-Import Bank of the United States (EXIM) approved a $15.8-million financing to support the company’s zinc and critical minerals…
Torngat secures $165M for Strange Lake REE project
Torngat Metals has secured $165 million in government funding for pre-construction work at its Strange Lake rare earth project straddling northern Quebec and Labrador. Export Development Canada is supplying a…