BofA sees $4,000 gold price on US debt, not war
Analysts at Bank of America see gold prices reaching $4,000 an oz. — an 18% jump above current levels — within the next year due to a ballooning U.S. fiscal…
Precious Metals
From Canadian Malartic to Cariboo, Roosen builds a $14B mining legacy
Sean Roosen doesn’t mince words when he says Canada needs to “stick to the family business.” The celebrated mining executive calls for a return to what he sees as the…
Vizsla raising US$100M to develop Panuco project
Canadian miner Vizsla Silver (TSX, NYSE: VZLA) is raising about US$100 million ($138 million) to advance the exploration, drilling and development of its flagship Panuco project in western Mexico. The…
Trafigura backs Euro Sun’s Rovina Valley with $200M financing deal
Euro Sun Mining (TSXV: ESM; US-OTC: ESMNF) has lined up a $200-million loan package, with backing from global commodities trader Trafigura, to help finance its Rovina Valley gold-copper project in…
Maritime expands Hammerdown gold as output nears
Canadian explorer Maritime Resources (TSX-V: MAE) said drilling at its Hammerdown project in Newfoundland and Labrador identified a new near-surface gold zone with “substantial” grades. The stock jumped. Hole HDGC-25-272…
Video: First Cariboo gold ‘between third base and home plate’, Osisko’s Roosen says
Osisko Development’s (TSXV, NYSE: ODV) $650 million (C$893 million) Cariboo gold project in British Columbia will soon begin pre-construction activities, co-founder and CEO Sean Roosen says. A May update on…
NexGold assays revive historic Nova Scotia region
Explorer NexGold Mining (TSXV: NEXG; OTCQ-X: NXGCF) says new drill results are likely to boost a resource update this year for a project in a Nova Scotia gold region dating…
Resolute strikes gold in Côte d’Ivoire
Resolute Mining (ASX: RSG) has found “a major” gold deposit at its Doropo asset in northeastern Côte d’Ivoire near the Burkina Faso border, according to a government website. Doropo holds…
Video: Iamgold pursues ‘Canada-first’ strategy, CEO says
Iamgold (TSX: IMG; NYSE: IAG) is shifting its focus to Canadian production, president and CEO Renaud Adams said. Franco-Nevada (TSX, NYSE: FNV) last month acquired a 7.5% net profit interest…
Central banks expect more gold buying, de-dollarization
Central banks around the world continue to hold favourable expectations for gold, with most looking to add to their reserves over the coming months and even years, an annual survey…
Asante locks in $635M refinancing, eyes TSXV debut
Asante Gold (CSE: ASE; US-OTC: ASGOF) has secured $470 million (C$635 million) to refinance debt, fund expansion at its Bibiani and Chirano gold mines in Ghana, and prepare for a…
Video: New Gold CEO ramps up growth across two assets
New Gold (TSX: NGD; NYSE: NGD) has acquired full ownership of the New Afton copper-gold mine in British Columbia and prepped its new C-Zone to hit peak output. The mine…