Mali to sell Barrick’s gold: Reuters
The court-appointed administrator of Barrick Mining’s (TSX: ABX; NYSE: B) Loulo-Gounkoto complex in Mali is planning to sell a tonne of the site’s gold to pay for restarting the mine,…
Precious Metals
McFarlane Lake buys $30M Abitibi site from Aris
McFarlane Lake Mining (CSE: MLM; US-OTC: MLMLF) is acquiring what it considers to be “one of the largest undeveloped gold properties in Ontario” from Aris Mining (TSX: ARIS; NYSE-A: ARMN)…
Dundee gets OK for Ecuador gold project
Dundee Precious Metals (TSX: DPM) has the full go-ahead to proceed with its Loma Larga underground gold project after the government of Ecuador granted the company its environmental licence for…
Royal Gold to buy Sandstorm, Horizon for $3.7B
Royal Gold (Nasdaq: RGLD) is acquiring Canadian streaming and royalty firms Sandstorm Gold (TSX: SSL; NYSE: SAND) and Horizon Copper (TSXV: HCU) in deals worth a combined $3.7 billion (C$5.04…
China’s mining investment sets new record
China’s overseas mining investment has soared to its highest level in over a decade, driven by Beijing’s push to secure critical raw materials amid rising geopolitical tensions. There were 10…
Aya discovers new gold-copper zone at Morocco site
Canadian miner Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) cut a highlight result of 9 metres grading 80 grams silver per tonne at its Boumadine project in Morocco and said it…
Spanish Mountain PEA lifts both NPV and capex
Spanish Mountain Gold’s (TSXV: SPA; US-OTC: SPAUF) rescoped preliminary economic assessment (PEA) for its eponymous project in British Columbia’s Cariboo region boosts early cash flows but doubles upfront costs. Based…
Board cites poor drainage for Eagle gold leach failure
A Yukon Independent Review Board report blames the heap-leach failure at Victoria Gold’s Eagle mine last June on poor drainage that trapped water above a weak layer in the leach…
NGEx cuts 7.77% copper at Lunahuasi in Argentina
Drilling by NGEx Minerals (TSX: NGEX; US-OTC: NGXXF) has returned a highlight result of 8.3 metres grading 7.77% copper, 4.01 grams gold per tonne and 191.2 grams silver at the…
Canada advances plan to freeze Giant mine’s toxic waste
Canada’s $4.4-billion plan to cope with a poisonous legacy at a former gold mine in the Northwest Territories risks complicating local efforts to find a permanent solution. Ottawa is moving…
Arizona Metals plunges as Kay resource disappoints
Arizona Metals (TSX: AMC; OTCQX: AZMCF) shares plunged to their lowest level in more than four years after a long-awaited initial resource estimate for the company’s Kay polymetallic project revealed a…
Central Asia Metals ups offer for New World
The takeover battle for Australian copper developer New World Resources (ASX: NWC) is heating up after Central Asia Metals (LSE: CAML) raised its offer shortly after Canada’s Kinterra Capital made…