TSX Venture rises, Dec. 7-11
The S&P/TSX Venture Composite Index rose 1.46% (11.19 points) to finish the Dec. 7-11 trading week at 780.30. Spot gold dropped US$24.50 per oz. (1.31%) to US$1,839.50 per ounce. Shares…
Gold
Rockcliff releases combined PEA for Tower and Rail in Manitoba
Rockcliff Metals (CSE: RCLF) has released the results from a preliminary economic assessment (PEA) for its 100%-owned Tower and Rail projects in the Flin Flon-Snow Lake greenstone belt in central Manitoba….
Wheaton pays $150M for share of silver output from Capstone’s Cozamin
Wheaton Precious Metals (TSX:WPM) and Capstone Mining (TSX:CS) have struck a deal whereby the streaming company will pay US$150 million for a share of the silver output from Capstone’s Cozamin…
Kirkland Lake sets 1.3-1.4 moz production target for 2021
Kirkland Lake is planning its largest exploration program at Fosterville since 2016.
Precious metals and PGM prices forecast to rise next year
Although a change in the U.S. government is unlikely to ease tensions between Washington and Beijing, says CPM Group vice-president of research Rohit Savant, incoming president Biden’s approach to negotiations with China…
Alamos expects Young-Davidson to drive gold output higher next year
Next year, producer Alamos Gold expects the Young-Davidson underground mine in Ontario, where a lower mine expansion was completed in July, to drive a 17% production increase over 2020 levels,…
Golden Sky drills 1.34 grams gold over 71.6 metres at Hotspot
Golden Sky Minerals (TSXV: AUEN) reports assays of six reverse circulation (RC) holes at its 100%-owned Hotspot property. A total of 568.45 metres were drilled at the Sure Bet zone,…
Dewatering begins at Omineca’s Wingdam project in BC
Dewatering has begun at the Wingdam underground placer gold project in the Cariboo Mining District in British Columbia. Owner Omineca Mining and Metals (TSXV: OMM) aims to use a ground…
Marathon signs deal with six communities for Valentine gold project
Co-operation agreements covering the Valentine gold project have been signed by Marathon Gold Corp. (TSX: MOZ) and six nearby central Newfoundland communities. Agreements have been signed with Buchans, Buchans Junction,…
Sabina expands Back River gold zones
As developer Sabina Gold and Silver prepares to release a feasibility study on its Goose mine gold project in Nunavut in the first quarter, the company has also released eight final drillhole…
Infill drilling at Eskay Creek returns 20+ grams gold over 12 metres
Skeena Resources (TSX: SKE; OTCQX: SKREF) is pleased with the latest results from the former-producing Eskay gold mine. The best assay was 20.68 grams gold per tonne and 5 grams…
Lundin Gold goes ahead with $18.6m Fruta del Norte expansion
Canada’s Lundin Gold (TSX:LUG) is going ahead with expansion plans for its Fruta del Norte gold-silver mine in Ecuador, the country’s largest, only a year after producing the first doré bar on site. The Vancouver-based miner…