Sitka Gold nets $11.8M for Yukon exploration
Sitka Gold (TSXV: SIG) has closed an $11.8-million financing that it plans to spend on exploration at its RC project in west-central Yukon. Shares rose. The bought deal financing was led…
Precious Metals
Gold price at ‘multiples of $3,000’ possible, Sprott says
As gold prices continue to rise, having hit a new record of $3,245.42 per oz. Monday, geopolitics and other factors could push yellow metal prices even higher, said Toronto-based asset…
Mali closes Barrick’s office over alleged taxes: Reuters
Authorities in Mali have shuttered Barrick Gold’s (NYSE: GOLD; TSX: ABX) office in the capital, Bamako, over what they claim is unpaid tax, Reuters reported, citing sources with knowledge of the…
Ascot targets August restart at Premier in BC
Ascot Resources (TSX: AOT; US-OTC: AOTVF) is targeting an August return to production for its Premier gold project in northwestern British Columbia following the completion of a $61.1-million financing to…
PDAC video: American Pacific aims to ride U.S. home-grown copper wave
Two American Pacific Mining (CSE: USGD; OTCQX: USGDF) projects in the U.S. may help meet Washington’s need for metal supply security, CEO Warwick Smith says. “Having this domestic supply is…
PDAC video: Seequent enables data control for miners with Evo launch, CEO says
Seequent has launched its cloud-based Evo platform to digitally connect geoscience data environments, CEO Graham Grant said in a video interview. Seequent built Evo to solve a problem its first…
Osisko Metals’ Gaspé copper assays beat outlook
Osisko Metals (TSX: OM) said initial drilling results at its Gaspé copper project in eastern Quebec topped expectations. Shares jumped. All five holes drilled in the past three months intersected…
Calibre rises on record gold output
Calibre Mining (TSX: CXB; US-OTC: CXBMF) increased first-quarter gold production by 16% to a record 71,539 oz. from its three producing mines in Nicaragua and Nevada. Shares rose. The quarter…
Goldman Sachs upgrades gold forecast to $3,700
Goldman Sachs has once again lifted its year-end price target for gold — this time to $3,700 an oz. — amid uncertainty surrounding the state of the global economy. In…
Gold Fields to shut Damang after Ghana denies lease
Gold Fields (JSE, NYSE: GFI) will cease operations at its Damang mine in Ghana after the government rejected the company’s application to extend the site’s lease expiring on Friday. The…
PDAC video: Newcore Gold expands drill program for Enchi resource upgrade, CEO says
Newcore Gold (TSXV: NCAU; OTCQX: NCAUF) has increased its drilling to 35,000 metres at the Enchi gold project in Ghana, CEO Luke Alexander says in a video interview. Upgraded and…
PDAC Video: Blue Lagoon preps for July gold production start in BC
Blue Lagoon Resources’ (CSE: BLLG; US-OTC: BLAGF) Dome Mountain gold project is the most recently permitted mine in British Columbia and it’s looking to start producing in July. Through its…