Heliostar gains on Mexican mines buy
Heliostar Metals (TSXV: HSTR; US-OTC: HSTXF) is again buying assets from the former Argonaut Gold to expand in Mexico. Its shares rose. Vancouver-based Heliostar is negotiating with lenders for a…
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Arizona Sonoran expands Cactus copper resource
Arizona Sonoran (TSX: ASCU; US-OTC: ASCUF) increased its measured and indicated resource tonnage for the Cactus copper project in Arizona by more than a quarter after a seven-month drilling program. …
Video: Seabridge Gold seeks BC OK to keep KSM permits
Seabridge Gold expects to receive the “substantial start’ designation under British Columbia laws for permits allowing KSM, the world’s largest undeveloped gold project, CEO Rudi Fronk said in an interview….
Fortescue cuts 700 jobs, slows down green hydrogen plans
Fortescue (ASX: FMG) plans to cut about 700 jobs, or 4.5% of its global workforce, as part of a new restructuring push that will see the Australian iron ore miner scale…
Rio Tinto names Shell’s Katie Jackson as new copper chief
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has appointed Katie Jackson, a former Shell executive, as the new head of the company’s copper division, based in London, U.K. Jackson,…
Montage Gold raises $180M from Zijin, Lundin for Koné project in West Africa
China’s Zijin Mining Group and the Lundin family are part of a $180 million capital raising to increase their stakes in Montage Gold (TSXV: MAU; US-OTC: MAUTF) and advance its…
Podcast: Suppliers ‘very, very busy’—MineConnect’s Marla Tremblay on connecting the mining industry
This week’s episode features MineConnect Executive Director Marla Tremblay in conversation with host Adrian Pocobelli about how the organization facilitates relationships within the mining industry at both provincial and international…
Eldorado funds Brixton Metals’ BC gold quest
Mid-tier producer Eldorado Gold (TSX: ELD) is pledging nearly $6.5 million to advance Brixton Metals‘ (TSXV: BBB; US-OTC: BBBXF) search for the source of river gold that once produced a…
Agnico expands First Nordic stake to 13%
Agnico Eagle Mines (TSX: AEM; NYSE: AEM), Canada’s largest miner by market value, is investing $8.2 million to advance First Nordic Metals‘s (TSX-V: FNM) Oijärvi gold project that Agnico used…
Vale board members in a ‘state of war’ over CEO succession — report
The board of directors responsible for selecting the CEO of Vale (NYSE: VALE) is in turmoil, Brazilian newspaper O Globo reported. Last week, consulting firm Russell Reynolds, hired to assist the…
CanAlaska posts uranium discovery in Saskatchewan
CanAlaska Uranium (TSXV: CVV; OTCQX: CVVUF) has announced a discovery at the Pike zone of its West McArthur joint venture project with Cameco (TSX: CCO; NYSE: CCJ) in Saskatchewan’s eastern Athabasca Basin….
Marimaca Copper gets $68M injection from South Africa’s Assore
Chile-focused Marimaca Copper (TSX: MARI) said on Tuesday that South Africa’s Assore Group, is investing $68 million in the company through its subsidiary Assore International Holdings. Marimaca, which owns the…