Amplats sells stake in two mines to rival Sibanye-Stillwater
Anglo American Platinum (Amplats) has agreed to sell its 50% stake in the Kroondal and Marikana platinum group metals mines in South Africa for just 1 rand ($0.0643) to rival…
Gold
Perseus Mining secures key stakes in two African gold assets
Perseus Mining (TSX: PRU; ASX: PRU) has struck a deal to acquire a 15% stake in Canadian junior Orca Gold (TSX: ORG) from Resolute Mining (ASX: RSG), which will give…
TSX rises, Jan. 24-Jan. 28 trading week
The S&P/TSX Composite Index rose 120.36 points or 0.58% to 20,741.75 during the January 24 to January 28 trading week. The S&P/TSX Global Mining Index fell 3.20 points or 3.02%…
Radisson Mining releases “high-grade” drill results from O’Brien project
Radisson Mining (TSXV: RDS; US-OTC: RMRDF) has reported high-grade gold intercepts from its 100% owned O’Brien gold project located along the Larder-Lake-Cadillac Break in Quebec, between the mining towns of Rouyn-Noranda…
Pure Gold raises $25M to ramp up Red Lake mine; AngloGold ups stake
Pure Gold (TSXV: PGM; LSE: PUR) is raising $25 million in two separate financings with which to ramp up production at its PureGold mine in Red Lake, Ontario. The company…
Tanzanian Gold pins its hope on a three-pronged approach at Buckreef
Tanzanian Gold (TSX: TNX; NYSE: TRX) believes a three-pronged approach to developing its 2-million-ounce Buckreef project could lead to Tanzania’s next national mining success story, CEO Stephen Mullowney tells The Northern Miner. Situated about 45 km to the west of Barrick Gold’s (TSX: ABX; NYSE: GOLD) Bulyanhulu gold mine and nearly…
New Age Metals, Nipissing FN sign MOU for River Valley palladium project
New Age Metals (TSXV: NAM; US-OTC: NMTLF) has signed a memorandum of understanding (MOU) with the Nipissing First Nation. The agreement covers the exploration of New Age Metals’ River Valley…
Osisko confirms new high-grade zone at Golden Bear
Osisko Mining (TSX: OSK) continues to expand its Golden Bear discovery about 1,000 metres north of its Windfall gold project in Eeyou Istchee James Bay, Quebec. A new zone (the…
Fresnillo cuts production targets on Omicron labour shortage
Shares in Fresnillo (LSE: FRES) fell more than 14% after the Mexico-focused miner cut silver production forecast for 2022, saying that labour absences fuelled by the Omicron variant were expected…
Gowest gets $19M boost for Bradshaw from Hong Kong’s Greenwater
Greenwater Investment Hong Kong has agreed to invest $19 million in Gowest Gold (TSXV: GWA), sole owner of the Bradshaw gold project, 50 km northeast of Timmins, Ont. Gowest says…
JV Article: Solaris Resources makes new discovery at Warintza in Ecuador
Canadian explorer Solaris Resources (TSX: SLS; US-OTC: SLSSF) has made a significant new discovery at its 100%-owned flagship Warintza copper-gold project in southeastern Ecuador, about 100 km south of the city of…
Barrick Gold’s mines in Tanzania reach Tier One status
Barrick Gold (TSX: ABX; NYSE: GOLD) says it has succeeded in taking its North Mara and Bulyanhulu gold mines in Tanzania from “moribund” to Tier One assets. Barrick, which took…