New Mexican president avoids open-pit ban
Mexico’s President Claudia Sheinbaum, who started this month after winning an election in June to succeed Andrés Manuel López Obrador, so far hasn’t declared she’ll act on her predecessor’s wish…
Precious Metals
JV Video: Torex Gold’s Media Luna on track for year-end production, CEO says
Mexico-focused Torex Gold Resources (TSX: TXG) is nearing looking forward to first production at its US$950-million underground Media Luna mine by December, president and CEO Jody Kuzenko said in an…
Coeur Mining to buy Silvercrest in US$1.7B deal
Coeur Mining (NYSE: CDE) has reached an agreement to acquire Canadian precious metals producer Silvercrest Metals (TSX: SIL; NYSE: SILV) in an all-share deal valued at US$1.7 billion. The addition…
Video: Evolution’s Red Lake turnaround confirms it as cornerstone asset, CEO says
Australia-based Evolution Mining’s (ASX: EVN) Red Lake mine in Ontario, acquired in 2020, has shown signs of recovery after a difficult period, managing director and CEO Lawrie Conway said in…
Gold majors vow not to repeat decadent spending of a decade ago
As gold prices hit record highs, industry executives are hoping they can convince investors – who haven’t yet piled into gold mining stocks – that they’ll put their cash to…
Central banks reined in gold purchases in August as prices climbed — WGC
Central banks are still buying gold, but they’ve pared back their purchases since highs reached last year — possibly because of the recent surge in gold prices, the World Gold…
Costco adds platinum bars to precious metals offering
Costco is expanding its line of precious metals products with the addition of one-ounce platinum bars on top of its popular gold bars. The platinum bars — made by Swiss…
Video: Liberty Gold expects Black Pine prefeasibility to boost gold ounces
Liberty Gold (TSX: LGD) plans to release a prefeasibility study for its Black Pine gold project in southern Idaho in weeks, president and chief operating officer Jon Gilligan said in…
Rio2 gets lift on permits for Fenix gold mine in Chile
Rio2 (TSXV: RIO; US-OTC: RIOFF) shares traded as much as 11¢ or 17.7% higher today after it said it’s received the final permits needed to begin construction at its Fenix…
Iamgold closer to buying back 9.7% stake in Côté gold mine
Iamgold (TSX: IMG; NYSE: IAG) is a step closer to buying back the 9.7% interest in its Côté gold mine in Ontario from Sumitomo Metal Mining, after issuing a 60-day…
Video: Why one contrarian mining investor prefers Australia over North America
Australia offers true discovery potential whereas “every rock seems to be turned three times” in North America, Commodity Discovery Fund founder Willem Middelkoop said in an interview. The Netherlands-based investor…
Aussie investors buy Yorbeau’s Rouyn gold project for $25M
Quebec-focused explorer Yorbeau Resources (TSX: YRB) is selling its flagship Rouyn gold property to a group of Australian investors for $25 million — a move that it says will help…