Orla Mining threatens arbitration in Panama
Canada’s Orla Mining (TSX: OLA; NYSE: ORLA) may take Panama to an arbitration court following the government’s rejection of a permit extension for the three mining concessions in the Cerro…
Precious Metals
Forget groceries, Costco sells up to US$200M of gold bars and silver coins every month
Given its pricing and shipping costs, analysts with Wells Fargo wrote that it’s likely a “very low-profit business at best.”
Sibanye-Stillwater to axe 4,000 jobs in South African gold mines restructuring
Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) says the planned reorganization of its four gold operations in South Africa could lay off 4,022 workers — 3,107 employees and 915 contractors. The company…
Westgold takes ‘prize’ Beta Hunt mine in $1B Karora takeover in Australia
Australia’s Westgold Resources (ASX: WGX; US-OTC: WTGRF) is buying Karora Resources (TSX: KRR; US-OTC: KRRGF) in a $1 billion (A$1.23 billion) cash-and-shares deal to control the jewel in the country’s…
Equinox targets first gold at Greenstone in May
Equinox Gold (TSX: EQX; NYSE-AM: EQX) says it’s on track to produce first gold at the $1.2 billion Greenstone project in northern Ontario next month after starting ore processing this…
Video: Triple Flag CEO on why the streaming and royalty model remains so compelling
Royalty and streaming company Triple Flag Precious Metals (TSX: TFPM) has maintained strong growth since it formed eight years ago to fill a need for long-term capital in mining sector,…
Ascot readies for first gold pour at Premier project in BC
Ascot Resources (TSX: AOT; US-OTC: AOTVF) has begun ore processing at its Premier gold project near Stewart, B.C., with the first gold pour planned for later this month. “The start…
Atico drilling grows El Roble copper mine in Colombia
Atico Mining (TSXV: ATY; US-OTC: ATCMF) is reporting strong drill results that expand its El Roble copper-gold mine in Colombia. The drilling was aimed at infilling areas of mineralization while…
Omai Gold targets Wenot deposit in Guyana for quicker turnaround, CEO says
Omai Gold Mines (TSXV: OMG; US-OTC: OMGGF) says the Wenot project in Guyana could generate more cash in the first four years than its US$375 million construction cost. Annual after-tax free cash…
VIDEO: Sierra Metals CEO plans full Yauricocha copper ramp-up this year in Peru
Sierra Metals‘ (TSX: SMT; NYSE-AM: SMTS) CEO Ernesto Balarezo says in a new video the company is on track this year to expand copper production and free cash flow as…
Iamgold pours first gold at Côté project in Ontario
The Côté gold mine in northern Ontario, Canada’s newest and expected to be one of its largest, has poured its first doré bar as it advances towards commercial production scheduled…
JV Video: Kirkland Lake Discoveries drills on Lucky Strike gold project in Ontario
Kirkland Lake Discoveries (TSXV: KLDC; US-OTC: KLKLF) says it’s almost finished a 4,000-metre drilling program on the Hurricane intrusive zone of its Lucky Strike property in northern Ontario. “This is a zone…