Suitors circle American Eagle Gold as South32 takes 19.9% stake
South32 (ASX: S32) is shelling out $29.2 million for a 19.9% interest in American Eagle Gold (TSXV: AE), which is in the third year of drilling at its NAK copper-gold discovery in…
Gold
Ascot seeks TSX exemption for $52M financing to revive Premier
Ascot Resources (TSX: AOT; US-OTC: AOTVF) said on Monday it’s applied to the Toronto Stock Exchange for a financial hardship exemption with respect to its recently proposed financing for its Premier…
How oil and gas will fare in the Trump era
Trump is back, and the threat of tariffs looms large over China’s economy. On Wednesday, base and precious metal prices took a dive. Resource markets are deeply concerned about Trump’s…
Ross Beaty to receive TNM’s lifetime achievement award
Ross Beaty flipped the laptop around and pointed its camera to the sea. “That’s a whale-watching boat,” the veteran mining entrepreneur said from Bowen Island near Vancouver. “There’s been a…
Osisko Development’s Cariboo gold project faces legal threat as Xatśūll demand consent
The Xatśūll First Nation may sue the British Columbia government and Osisko Development (TSXV: ODV; NYSE: ODV) if its concerns aren’t addressed in the permitting process for the Cariboo gold…
Regis Resources sues Australian minister over blocked gold mine
Regis Resources (ASX: RRL) has initiated legal proceedings to overturn a federal minister’s decision that halted its US$1-billion McPhillamys gold and silver project in New South Wales, Australia. In August,…
Barrick CEO expects deal with Mali on new mining code by year-end
Sources cited by Reuters report that Mali is seeking around $500m in unpaid taxes from Barrick.
Aldebaran soars to new high as it teams up with Rio Tinto’s Nuton at Altar
Aldebaran Resources (TSXV: ALDE, US-OTC: ADBRF) shares climbed to an all-time high of $1.98 following news that it’s teaming up with Nuton, Rio Tinto‘s (NYSE: RIO) sulphide leaching technology venture,…
Founders shares jump on new find, drilling expansion
Founders Metals (TSXV: FDR; US-OTC: FDMIF) shares hit a new 52-week high of $4.43 apiece Thursday as it reported a new high-grade gold discovery at its Antino project in Suriname…
Gold Fields, AngloGold JV in Ghana hits roadblock
Gold Fields (NYSE: GFI; JSE: GFI) and AngloGold Ashanti (NYSE: AU; JSE: ANG) said on Thursday that they have yet to make progress on their proposed joint venture in Ghana,…
Equinox Gold’s Greenstone mine reaches commercial production
Equinox Gold‘s (TSX: EQX; NYSE: EQX) Greenstone mine has officially reached commercial production following the operating progress it achieved through October, the Canadian miner announced this week. The mine located…
Gold falls after sweeping Trump win boosts dollar
Gold prices fell 2% overnight after Donald Trump won the United States presidency in an election victory that swept across the nation with more support than his 2016 win. Bullion…