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…
Stock Markets/Investing
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…
Unions back big Hudbay project as copper price gyrates
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) has reached an agreement with a coalition of union building trades to support the construction of its Copper World mine in Arizona. The…
Fortuna Mining exits Burkina Faso for US$130M
Fortuna Mining (NYSE: FSM, TSX: FVI) agreed to sell its Burkina Faso operations to Mauritius-based Soleil Resources International for about US$130 million ($181 million) cash. The sale represents “a prudent…
Rio Tinto, Mitsui bid A$75M for Pilbara iron ore project
Rio Tinto (NYSE, LSE, ASX: RIO), Mitsui & Co. and Nippon Steel have made a A$75-million (C$65-million) bid for CZR Resources’ (ASX: CZR) undeveloped Robe Mesa iron ore project in…
Alpayana poised to let Sierra takeover bid die
Peru’s Alpayana said it’s prepared to let its revised bid for Sierra Metals (TSX: SMT; US-OTC: SMTSF; BVL: SMT) expire in two weeks after the Canadian miner urged shareholders to…
Alphamin to resume Congo tin mine, shares rally
Alphamin Resources (TSXV: AFM) says it will resume operations at its flagship tin mine in the Democratic Republic of Congo as security concerns ease with reports of the African nation…
Carney would OK projects in two years to Poilievre’s one
Liberal leader Mark Carney is pledging to expand Canada’s mineral exploration tax credit and approve resource projects within two years through a dedicated office. Carney, who faces main challenger Pierre…
Dryden encounters ‘significant’ visible gold at Elora
Canadian junior miner Dryden Gold (TSXV: DRY; USOTC: DRYGF) says it encountered “significant” visible gold during deeper drilling at its Elora property in Ontario. The newly discovered section in hole…
Petra Diamonds delays sale amid US tariffs uncertainty
Africa-focused Petra Diamonds (LSE: PDL) has postponed a scheduled sale of about 200,000 carats of diamonds from its Cullinan mine in South Africa, citing uncertainty over the impact of new…
Barrick eyes over $2B in financing for Reko Diq
Barrick Gold (TSX: ABX; NYSE: GOLD) plans to secure more than $2 billion (C$2.84 billion) in financing for its Reko Diq copper and gold project in Pakistan, with term sheets…