Former CEO altered Wawa gold assays, Red Pine says
Shares in Red Pine Exploration (TSXV: RPX, US-OTC: RDEXF) plunged 30.4% Friday on news the company believes its former CEO was behind “unauthorized manipulation” of assay results from its Wawa…
Precious Metals
Golden Minerals sells Mexico mines in shift to Argentina
Golden Minerals (NYSE-A: AUMN, TSX: AUMN) announced on Friday it has sold its primary assets in Mexico comprising the Velardeña properties in Durango state that it briefly brought back to…
Omineca restarts output at Canada’s only underground placer mine with 10-oz haul
Omineca Mining and Metals (TSXV: OMM; US-OTC: OMMSF) says it’s begun processing gold-bearing gravel again at its Wingdam paleoplacer project in British Columbia. The company recovered 10.25 oz. of coarse,…
South Africa wins battle for US$43M sunken silver bars
Finders are not always keepers, as proven by the United Kingdom’s Supreme Court ruling on who owns about US$43 million worth of silver bullion recovered from a sunken cargo ship….
U.S. Gold surges after obtaining Wyoming mining permit
U.S. Gold (Nasdaq: USAU) surged on Wednesday after the company said the Wyoming Department of Environmental Quality issued the surface mining permit for the CK gold project, a key milestone….
Angus scores high-grade gold find west of historic resources near Wawa
Angus Gold (TSXV: GUS; US-OTC: ANGVF) reported Tuesday the discovery of a new high-grade zone featuring a result of 7 grams gold per tonne over 12.4 metres, its best gold…
Regis Resources to expand gold production with two new mines
Australian gold miner Regis Resources (ASX: RRL) has greenlit construction of two new underground mines, forecast to deliver between 100,000 oz. and 120,000 oz. of the precious metal per year…
Osisko update reveals 3.2B lb red metal asset at Copper Mountain
A resource update for Osisko Metals‘ (TSXV: OM; US-OTC: OMZNE) Copper Mountain deposit in Quebec increases the copper-equivalent metal content by 30% over the previous estimate, making it the largest…
Grid Metals increases resource by a third at MM copper-nickel project in Manitoba
Grid Metals (TSXV: GRDM; US-OTC: MSMGF) has raised the indicated tonnage by more than a third at its MM copper-nickel project in southeast Manitoba. The combined indicated open pit resources…
Contango grows Alaska gold footprint with two buys
Emerging North American gold producer Contango Ore (NYSE-A: CTGO) is boosting its landholding and production in Alaska with the acquisition of Canada’s HighGold Mining (TSXV: HIGH; US-OTC: HGMIF) and an…
Pan American Silver sells La Arena gold project in Peru to Zijin Mining for US$295M
Pan American Silver (TSX: PAAS; NYSE: PAAS) is selling its La Arena gold mine in Peru to China’s Zijin Mining for US$245 million cash upfront and a US$50 million contingent…
Dundee Precious Metals rushes Serbian gold discovery to high-margin PEA
Dundee Precious Metals (TSX: DPM) assembled a study backing development for its Čoka Rakita gold discovery in Serbia in 18 months. With an initial investment of US$381 million and at…