Barrick meets mid-range of 2020 production guidance
Last year, gold major Barrick (TSX: ABX; NYSE: GOLD) met the midpoint of its gold and copper output targets. The miner generated a total of 4.8 million oz. of gold…
Copper
Copper Fox Metals completes Van Dyke PEA
Copper Fox Metals (TSXV: CUU; US-OTC: CPFXF) announced results from a preliminary economic assessment for its Van Dyke copper project in Miami, Arizona. The PEA results included a mine life…
Mongolia threatens to revoke Rio Tinto’s plan for Oyu Tolgoi
The Government of Mongolia may cancel and replace the development and financial plan for the country’s vast Oyu Tolgoi copper-gold mine, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) said today….
TSX Venture rises, Jan. 4-8
The S&P/TSX Venture Composite Index climbed 2.44% to finish the trading week at 896.71. Spot gold fell US$48 per oz., or 2.53%, to US$1,850 per ounce. Nouveau Monde Graphite jumped 77¢…
US markets mixed, Jan. 4-8
The Dow Jones Industrial Average rose 1.61% to finish the week at 31,097.97 and the S&P 500 declined by 1.83% to 3,824.68. Spot gold dropped US$48 per oz., or 2.53%,…
Torex beats 2020 gold production forecasts
Intermediate miner Torex Gold (TSX: TXG) has released its 2020 operating highlights – last year, the company produced 430,480 gold oz., 130,640 of which were generated in the fourth quarter….
Copper Mountain reports record Q4 production
After beating its production guidance for 2020 and reporting a record fourth quarter, Copper Mountain Mining (TSX: CMMC) is guiding a further 22% increase in production this year. The B.C.-based…
Seabridge CEO talks about Snowfield acquisition
Seabridge Gold (TSX: SEA; NYSE: SA) has bought Pretium Resources’ (NYSE: PVG) Snowfield property in northwest British Columbia for US$100 million in cash, a 1.5% net smelter return royalty related to all production and…
Permit for Aquila Resources’ Back Forty mine denied
A U.S. judge from Michigan has reversed a decision by state regulators allowing Aquila Resources’ (TSX: AQA; US-OTC: AQARF) proposed gold, zinc and copper mine to go ahead. The ruling…
Taseko Mines to move ahead with Arizona copper project
Taseko Mines (TSX: TKO; NYSE-AM: TGB; LSE: TKO) said the Florence town council in Arizona has decided not to appeal the Aquifer protection permit (APP) for the company’s Florence copper…
Initial production at Kamoa-Kakula expected in less than six months
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) announced that underground development at its Kamoa-Kakula copper project in the Democratic Republic of the Congo mined and stockpiled 269,000 tonnes of ore grading…
Las Bambas blockades affect Peru copper shipments
In a Dec. 29 communiqué reproduced by state-owned news agency Andina, the Peruvian Ministry of Energy and Mines (Minem) expressed its opposition to the blockades taking place on the Southern…