US markets mixed, Aug. 30-Sept. 3
The Dow Jones Industrial Average dropped 86.71 points or 0.25% to finish the August 30 to September 3 trading week at 35,369.09 and the S&P 500 climbed 26.06 points or…
Gold
Major Drilling results confirm rebound in exploration – as well as rising costs for miners
Rebounding exploration activity has propelled Major Drilling’s (TSX: MDI) revenues and earnings to a nine-year high. In the company’s first quarter of fiscal 2022, ended July 31, the Moncton-based drilling company reported revenues of $151 million – up 69% from the same…
Barrick, NovaGold closer to Donlin mine decision
Joint-venture partners Barrick Gold (TSX: ABX; NYSE: GOLD) and NovaGold Resources (TSX: NG) have published the first results of their 24,000-meter drill program for their Donlin gold project in southwestern…
Australia’s Orminex acquires gold projects in Canada
Western Australia-focused Orminex (ASX: ONX) is acquiring Nippon Dragon Resources’ (TSXV: NIP) interest in two gold projects in Canada’s Abitibi region. The projects — Rocmec, 35 km west of Rouyn-Noranda,…
Agnico Eagle increases stake in Candelaria Mining to 19.6%
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has upped its interest in Candelaria Mining (TSXV: DCAND; US-OTC: CDELF), with an additional $6 million investment bringing its ownership in the Mexico-focused…
Kirkland Lake Gold adds 10M oz. gold to Detour Lake resources
Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) has released a mid-year updated resource estimate for its Detour Lake mine in Ontario, adding another 10.1 million oz. of contained…
AngloGold eyes Argentina projects in partnership with Latin Metals
Latin Metals (TSXV: LMS; US-OTC: LMSQF) may have scored big after inking a potential partnership deal with one of the world’s biggest gold miners – AngloGold Ashanti (NYSE: AU) – for its…
Torex releases three-year guidance for ELG, Media Luna plans
Torex Gold Resources (TSX: TXG) has released its multi-year production outlook for the El Limon Guajes (ELG) gold mining complex in Mexico, about 180 km southwest of Mexico City. The…
Ontario Snapshot: Eight companies to watch
Ontario is a world-class destination for the mining industry. Here’s a list of eight companies with interesting projects to follow. AURCREST GOLD AurCrest Gold (TSXV: AGO; US-OTC: TBMIF) is one…
Iamgold halts transport to and from Burkina Faso mine after attack
Iamgold (TSX: IMG; NYSE: IAG) has suspended convoys to and from its Essakane gold mine in Burkina Faso near the border with Niger, after gunmen attacked a convoy travelling to…
UPDATE: Centerra says 40 metres of water at Kumtor pit threatens workers, environment
Centerra Gold (TSX: CG) says there is at least 40 meters of water at the bottom of its seized Kumtor gold mine in Kyrgyzstan and “abnormally” large amounts running down the pit walls, which could lead to catastrophic…
Integra Resources releases high-grade results from Florida Mountain deposit
Integra Resources (TSXV: ITR; NYSE-AM: ITRG) plans to update the resource estimate and complete a prefeasibility study on its DeLamar project before the end of the fourth quarter and in…