Osisko Mining raises $150M in bought deal
Osisko Mining (TSX: OSK) has entered into an agreement with Canaccord Genuity and Eight Capital as co-lead underwriters of a syndicate, which has agreed to purchase, on a bought-deal private…
Gold
Centerra Gold kicks off commercial mining in Turkey
Centerra Gold (TSX: CG) has declared commercial production at its Öksüt mine in Turkey, four months after it poured first gold at the operation. The Toronto-based company now has three…
Genesis Metals drills Chevrier gold project in Quebec
Genesis Metals (TSXV: GIS) has released assay results for four holes completed at its 290-sq.-km Chevrier gold project near Chibougamau, Quebec. The drill highlights include 20 metres of 1.36 grams…
Novagold under pressure after short seller report
Novagold Resources (TSX: NG; NYSE-AM: NG) said it’s preparing a full response to a scathing report from J Capital Research that accuses managers of the Vancouver-based explorer of “systematically” misleading…
Iamgold buys Monarch Gold’s Fayolle for $11.5M
Monarch Gold (TSX: MQR) is selling its Fayolle property in western Quebec to Iamgold (TSX: IMG; NYSE: IAG) in a cash and share deal valued at $11.5 million. The Montreal-based…
Exploration Snapshot: Eight gold companies mining in Canada
Canada’s prolific geological terrain and adherence to the rule of law position the country as a go-to destination for companies looking to establish and operate mineral projects. A fall in…
TSX Venture rises, May 25-29: Searchlight Resources, Ely Gold Royalties, Azimut Exploration
The S&P/TSX Venture Composite Index rose by 2.20% to finish the trading week at 553.77. Spot gold ended the week at US$1,728.70 per oz., a fall of US$4.00 per oz….
US markets advance, May 25-May 29: Vale, Cleveland Cliffs, Fortuna Silver, Barrick
The Dow Jones Industrial Average rose 3.75% to 25,383.11, and the S&P 500 increased 3.01% to 3,044.31. Spot gold fell US$4.00 per oz., or 0.23%, to finish the trading week…
TSX rises, May 25-29: Endeavour Mining, Yamana, RTG Mining, Guyana Goldfields
The S&P/TSX Composite Index rose 1.87% to 15,192.80 during the May 25-29 trading week. The S&P/TSX Global Mining Index fell 2.49% to 86.50 and the S&P/TSX Global Base Metals Index…
BofA forecasts metal price recovery post-COVID-19
Bank of America forecasts global copper consumption could contract by 18% year-over-year in 2020 should global GDP drop by an estimated 4.2% due to economic disruptions caused by the coronavirus…
EPA declines to evaluate Northern Dynasty’s Pebble project despite concerns
Northern Dynasty Minerals (TSX: NDM) appears to be back on track towards obtaining final permits for its proposed massive copper-gold mine in Alaska after the US Environmental Protection Agency (EPA)…
BMO raises long-term precious metal price forecasts
BMO Capital Markets has hiked its long-run gold and silver price forecasts to US$1,400 per oz. and US$18.25 per oz., increases of 16.7% and 5.8%, respectively. The bank’s long term…