Troilus steps out Southwest zone in Quebec
Ahead of an updated resource estimate and prefeasibility study due out in the second half of the year for its namesake project in north-central Quebec, Troilus Gold (TSX: TLG) has…
Gold
Great Bear hits gold in untested section of LP fault
Drilling targeting a mostly untested, 250-metre northwest section of the LP fault at Great Bear Resources’ (TSXV: GBR) Dixie project in Red Lake returned both high-grade gold and lower-grade intervals…
Kirkland Lake drills wide gold intervals outside Detour Lake resources
Drilling targeting underexplored areas around the Detour Lake pits at Kirkland Lake Gold’s (TSX: KL; NYSE: KL) Detour Lake property returned wide and high-grade gold intervals. The miner is completing…
Gran Colombia offers $315M in friendly, all-share offer for Gold X
Gran Colombia Gold (TSX: GCM) is acquiring Gold X Mining (TSXV: GLDX) in an all-share deal valued at $315 million, after a three-way merger proposal that included Guyana Goldfields was…
Evolution to acquire Battle North in $343M all-cash deal
Australia-based producer Evolution Mining (ASX: EVN) is acquiring Red Lake-focused gold developer Battle North Gold (TSX: BNAU) in a $343-million, $2.65 a share, all-cash deal. The two companies have entered…
Marathon infills Berry zone ahead of resource estimate
With a resource estimate for the Berry zone at Marathon Gold’s (TSX: MOZ) Valentine gold project underway, the company recently released assay results from its 2021 drilling for seven holes…
Sudan to reopen gold mines once linked to warlord’s family
The North Darfur mines were handed over to the government in May 2020.
Newmont to buy GT Gold
Newmont (TSX: NGT; NYSE: NEM), the world’s No. 1 gold miner, is acquiring all the shares it doesn’t already own in Canadian explorer GT Gold (TSXV: GTT) in a cash deal…
First Majestic buys Nevada gold mine from Sprott
First Majestic Silver (TSX: FR; NYSE:AG) is buying the Jerritt Canyon gold mine in Elko County, Nevada, from Sprott Mining for US$470 million in shares and five million share purchase…
Wheaton enjoys record 2020 revenue of $1.1B
Wheaton Precious Metals enjoyed record 2020 revenues of $1.1 billion (all figures are U.S. dollars) with 627,063 oz. gold-equivalent sold. The figure includes sales of 367,419 oz. gold, 22,9 million…
Historic Phoenix mine target of Golden Dawn’s airborne survey
Golden Dawn Minerals (TSXV:GOM; US-OTC:GDMRF) has completed a helicopter-borne VTEM and magnetics survey over the old Phoenix copper mine at its Greenwood precious metals project in southeast B.C. The Golden…
Nonferrous metals exploration budget down by 11% in 2020 – S&P report
The global budget for nonferrous metals exploration was $8.7 billion in 2020 down from the $9.8 billion registered in 2019.