Perseus Mining secures key stakes in two African gold assets
Perseus Mining (TSX: PRU; ASX: PRU) has struck a deal to acquire a 15% stake in Canadian junior Orca Gold (TSX: ORG) from Resolute Mining (ASX: RSG), which will give…
News
Searchlight Resources finds uranium south of the Athabasca Basin
Canadian explorer Searchlight Resources (TSXV: SCLT; US-OTC: CNYCF) is generating renewed interest in grassroots uranium exploration outside the established boundaries of the Athabasca Basin in northern Saskatchewan, chairman and VP…
Teck Resources’ QB2 to cost up to US$500M more than planned
Shares in Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, tumbled on Friday after it warned that Covid-19-related costs of its massive Quebrada Blanca Phase 2 (QB2) expansion…
Radisson Mining releases “high-grade” drill results from O’Brien project
Radisson Mining (TSXV: RDS; US-OTC: RMRDF) has reported high-grade gold intercepts from its 100% owned O’Brien gold project located along the Larder-Lake-Cadillac Break in Quebec, between the mining towns of Rouyn-Noranda…
Canada’s Industry Minister says Neo Lithium takeover was “thoroughly reviewed and scrutinized”
Minister of Innovation, Science and Industry François-Philippe Champagne says Zijin Mining’s proposed takeover of Neo Lithium (TSXV: NLC; US-OTC: NTTHF) is not “injurious to Canada’s national security.” Speaking to the…
Western Uranium & Vanadium hopes to ride the uranium wave
Western Uranium & Vanadium (CSE: WUC; US-OTC: WSTRF) CEO George Glasier says the company’s Sunday mine complex in Colorado will be in a good position to take advantage of bullish demand forecasts for uranium. “A lot of…
Uranium Snapshot: Eight juniors of interest
As the world slowly moves away from fossil fuels, here are eight juniors on the hunt for what may be this century’s greenest metal. APPIA RARE EARTHS & URANIUM Appia…
CIBC initiates coverage of Cameco and remains “bullish” on uranium sector
CIBC Capital Markets has initiated coverage of Cameco (TSX: CCO; NYSE: CCJ) with an outperformer rating and a price target in the next 12-18 months of $37 for the Canadian…
Anglo American ups copper guidance on Quellaveco start
Anglo American (LSE: AAL) says it expects to churn out between 680,000 and 760,000 tonnes of copper in 2022, as its giant Quellaveco mine in Peru is slated to begin…
Pure Gold raises $25M to ramp up Red Lake mine; AngloGold ups stake
Pure Gold (TSXV: PGM; LSE: PUR) is raising $25 million in two separate financings with which to ramp up production at its PureGold mine in Red Lake, Ontario. The company…
Tanzanian Gold pins its hope on a three-pronged approach at Buckreef
Tanzanian Gold (TSX: TNX; NYSE: TRX) believes a three-pronged approach to developing its 2-million-ounce Buckreef project could lead to Tanzania’s next national mining success story, CEO Stephen Mullowney tells The Northern Miner. Situated about 45 km to the west of Barrick Gold’s (TSX: ABX; NYSE: GOLD) Bulyanhulu gold mine and nearly…
Three Valley Copper suspends mining operations in Chile
Three Valley Copper (TSXV: TVC; US-OTC: TVCCF) has temporarily suspended operations at its Minera Tres Valles (MTV) complex near the city of Salamanca in Chile due to the consistent underperformance of its Don Gabriel open pit mine,…