AngloGold Ashanti to buy Centamin for US$2.5 billion
Deal hands AngloGold Egypt’s largest and first modern gold mine, and will make it the world’s no.4 producer of the precious metal.
Precious Metals
Great Bear PEA suggests multi-decade Kinross gold mine in Ontario
When Kinross Gold (TSX: K; NYSE: KGC) bought the Great Bear project in northern Ontario’s prolific Red Lake district two and a half years ago, its thinking was to acquire…
Newmont sells Telfer, Havieron stake to Greatland Gold for US$475M
As part of its efforts to offload non-core assets, Newmont (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) has agreed to sell its Telfer mine and a 70% stake in…
EV slump powers platinum supply deficit, miners say
The third-lowest platinum mining output this century can’t keep up with rising investment demand, jewelry and a sustained traditional car market using catalytic converters, according to an industry group. A…
Snowline’s Valley adds to golden results streak in Yukon
Drill results from Snowline Gold’s (TSX-V: SGD; US-OTC: SNWGF) Valley target in eastern Yukon returned some of the highest grades yet at the deposit, while regional exploration has revealed two new…
Beaver Creek: Gold to soon hit US$3,000 amid short-term pullback
Gold is set to surge to at least US$3,000 per oz., says Florian Grummes, CEO of Midas Touch Consulting. But a short-term pullback to the US$2,050–US$2,150 range might happen first,…
Yukon court OKs rare Indigenous bid for mine ownership
There could be landmark new life in the abandoned Minto copper-gold mine in the Yukon. The territory’s Supreme Court has approved a private bid by the Selkirk First Nation to…
AngloGold, Regis to take Havana gold mine underground
Tropicana gold mine partners Regis Resources (ASX: RRL) and AngloGold Ashanti (NYSE: AU; JSE: ANG) are going ahead with the A$114-million (US$76 million) Havana underground project in Western Australia. The…
Ascot halts Premier gold mine operations in BC just months after first pour
The Toronto-quoted shares of Ascot Resources (TSX: AOT; US-OTC: AOTVF) cratered Friday after suspending operations at its Premier gold mine less than five months after celebrating its first gold pour….
Site visit: Equinox Gold’s newest mine to launch it into the 1M oz per year club
GERALDTON, ONT. — Through the slight haze of dust kicked up by a passing haul truck loaded with ore at Equinox Gold’s (TSX: EQX; NYSE: EQX) Greenstone mine, visitors can…
First Majestic to expand in Mexico with US$970M Gatos Silver buy
First Majestic Silver (TSX: AG; NYSE: AG) is buying fellow Canadian explorer and developer Gatos Silver (TSX: GATO; NYSE: GATO) in an all-share transaction valued at US$970 million. The move…
Thesis Gold boosts investment return at Lawyers-Ranch project in BC
A new study combining Thesis Gold’s (TSXV: TAU; US-OTC: THSGF) Ranch gold-silver project in British Columbia with Lawyers, acquired through its takeover of Benchmark Metals last year, shows a 35% post-tax…