Gold price rebounds on US-Iran deal hopes
Gold bounced back on Wednesday to approach a two-week high, as optimism over a U.S.-Iran peace deal eased concerns over inflation and an extended period of high interest rates. Spot…
Precious Metals
Power Metallic hits 4.4% copper at Nisk in Quebec
Power Metallic Mines (TSXV: PNPN; US-OTC: PNPNF) has hit two more thick, shallow polymetallic intervals at the Nisk project’s Lion zone. Shares rose. Both holes are about 100 metres below…
Gold M&A: Regis, Vault merge to create $7.7B producer
Regis Resources (ASX: RRL) has agreed to merge with Vault Minerals (ASX: VAU) in an all-share deal valued at about A$10.7 billion (US$7.7 billion), creating a new senior gold producer…
Dominican Republic halts GoldQuest gold-copper project after protests
Dominican Republic President Luis Abinader has ordered a suspension of all activity at GoldQuest Mining’s (TSX-V: CQC) Romero gold-copper project after mass protests over environmental risks Thousands of demonstrators marched…
Sibanye halts Kloof shaft after two killed
Sibanye-Stillwater (JSE: SSW, NYSE: SBSW) said it halted a shaft at its Kloof gold operations in South Africa to probe how two of its employees died during a routine inspection….
Gold price continues to slide as US-Iran deal stalls
Gold dipped on Monday after two straight weekly declines, as a stalled United States-Iran deal continued to reinforce investor concerns over inflation. Spot gold fell as much as 1.8% to…
Pakistan separatists unravel Barrick’s Reko Diq plans
Militant attacks in Pakistan’s Balochistan province are emerging as a central risk to the U.S.-backed resources push anchored by Barrick Mining’s (TSX: ABX; NYSE: B) Reko Diq copper-gold project. The…
G2 drills Oko to 1 km depth amid $3B takeover
G2 Goldfields (TSX: GTWO; US-OTC: GUYGF) said fresh drilling at its Oko gold project in Guyana extended mineralization beyond the deposit’s known limits as the company works to complete its sale to…
Lion One Metals sinks on cancelled $15M financing
Lion One Metals (TSXV: LIO) plunged more than 30% after a proposed financing from Australian investment firm Arete Capital Advisors collapsed and the company announced yet another CEO change. North…
Torex sees potential to extend life of Mexico gold mine
Canadian miner Torex Gold Resources (TSX: TXG) said new drilling on its main Morelos property in Mexico identified additional high-grade structures that could support further mine life growth. Hole MLLI-042…
Endeavour profit jumps on gold price surge
West Africa-focused Endeavour Mining (LON:EDV) posted a sharp rise in first-quarter earnings Thursday as soaring gold prices outweighed lower production. The London-based miner produced 282,000 oz. of gold in the…
Canadian Mint to disclose sourcing data after report on cartel gold ties
The Royal Canadian Mint says it will change disclosure policies following a New York Times investigation that showed some of the gold refined by the Crown corporation may have originated…