Franco-Nevada buys Yanacocha gold mine royalty for US$210M
Royalty and streaming company Franco-Nevada (TSX: FNV; NYSE: FNV) has agreed to pay Buenaventura up to US$235 million in cash and shares for a 1.8% net smelter return royalty (NSR)…
Gold
Consolidation in Western Australian gold sector to continue amid record prices
KALGOORLIE, WA — Record gold prices have set off a flurry of mergers and acquisitions over the past year in the Western Australian gold sector, with further consolidation still ahead,…
Site visit: Australia’s Bellevue set to join elite gold group
Bellevue Gold’s (ASX: BGL) namesake mine in Western Australia’s Goldfields region has been in production for less than a year, but the company is already eyeing an expansion. The A$1.8-billion…
Navoi earmarks US$23M to expand Muruntau gold mine
Uzbekistan’s Navoi Mining and Metallurgical Co. is investing US$23 million to expand its flagship Muruntau gold mine in the country. Navoi is currently ranked as the fourth-largest gold mining company…
Gold Fields to buy Osisko in US$1.6B cash deal
South Africa’s Gold Fields (NYSE: GFI; JSE: GFI) is buying Canada’s Osisko Mining (TSX: OSK) in a deal valued at $2.1 billion (US$1.6 billion) as record-breaking prices for the precious…
Western Copper rolls back Casino permitting plans to 2025
Western Copper and Gold (TSX: WRN; NYSE: WRN) is planning to delay the submission of a key environmental permitting document for its Casino project in Yukon in the wake of…
I-80 Gold shares jump on high-grade results at Cove
The McCoy-Cove project hosts one of the highest-grade gold-silver deposits in Nevada.
Site visit: Exploration momentum puts PEA in near-term sight for Snowline Gold
EASTERN YUKON — In a remote corner of Yukon, Snowline Gold (TSXV: SGD; US-OTC: SNWGF) has moved from the first drill holes at its Valley target to an initial resource in…
Victoria Gold’s Eagle mine site groundwater highly contaminated, Yukon government says
Groundwater flowing from Victoria Gold’s (TSXV: VGCX) Eagle mine shows signs of high cyanide contamination, though much of the water is being contained on site and regulated drinking water isn’t…
Iamgold soars on Q2 production, cost beat
Iamgold (TSX: IMG; NYSE: IAG) reported strong results for the second quarter of 2024, surpassing its production and cost targets, and lifting its stock price as much as 17% on…
Video: World Gold Council sees market uncertainty raising metal’s price
Despite gold’s strong performance in the year’s first half, Western investors largely remained on the sidelines, Joe Cavatoni, senior market strategist for the World Gold Council, said in an interview….
Why this week’s market mayhem doesn’t signal a complete meltdown
Global markets have experienced spectacular moves this week, led by Japan’s Nikkei index. It tumbled 12% on Monday, then recovered 11% on Tuesday! Incredible whipsaw action — But that’s not what…