Ascot obtains permit for Premier gold project, first production expected in Q1 2023
The mine is expected to produce 1.1 moz gold and 3 moz silver over an 8-year mine life.
News
Dolly Varden Silver to acquire Fury Gold Mines’ Homestake Ridge project
Dolly Varden Silver (TSXV: DV; US-OTC: DOLLF) is acquiring Fury Gold Mines’ (TSX: FURY; NYSE-AM: FURY) Homestake Ridge gold and silver project in British Columbia’s Golden Triangle in a cash…
Tailings pond collapse affects world’s highest human settlement
The collapse of a tailings facility in Peru’s Ananea district has destroyed a segment of the main road that connects the area with the neighbouring La Rinconada district, the highest…
Uranium Royalty signs supply agreement with CGN
Uranium Royalty (TSXV: URC; NASDAQ: UROY), the world’s only uranium-focused royalty and streaming company, has inked a deal with CGN Global Uranium to purchase 500,000 lb. of uranium oxide (U308)…
Hochschild’s rare earths spin-off Aclara to start trading in Toronto
Aclara Resources will begin trading on the Toronto Stock Exchange under the ticker “ARA” on Dec. 10.
MMG to shut down Las Bambas copper mine by mid-December
Chinese miner MMG will end copper production from its Las Bambas mine in Peru by mid-December following months-long road blockades that have prevented essential supplies from reaching the operation, forcing…
Asteroid “ideal for mining exploration” to enter Earth’s orbit next week
An asteroid as big as a football field that has been singled out by scientists as an ideal target for a mining exploration mission, will break into Earth’s orbit on…
Global shift to ‘green steel’ will require US$278B investment by 2050: report
The global steel industry could be almost completely decarbonized by 2050 with an investment of US$278 billion in clean capacity and retrofits to existing production, according to BloombergNEF’s new report, Decarbonizing Steel: A Net-Zero Pathway. A move…
Barrick, NovaGold to update $7.4B Donlin feasibility
Barrick Gold (TSX: ABX; NYSE: GOLD) and NovaGold Resources (TSX: NG; NYSE: NG), 50:50 owners of the Donlin gold project are working on an updated feasibility study, scheduled for release…
Renewables adoption speed still too slow to limit climate crisis — IEA
Growth in renewable energy is set to hit an all-time record this year, but is still falling “well short” of what is necessary to reach net zero emissions by 2050,…
Turquoise Hill okays Oyu Tolgoi US$75M bridging budget
Turquoise Hill Resources (TSX, NYSE: TRQ) has approved a bridging budget of US$75 million that allows the parties involved in the vast Oyu Tolgoi copper-gold mine in Mongolia to progress the…
UPDATED: Osisko Mining raises $154M for Windfall, plans JV with Australia’s Northern Star
Osisko Mining (TSX: OSK) has signed an agreement with Australia’s Northern Star Resources (ASX: NST) to raise $154 million for continued work on its Windfall gold project 200 km north…