Newcrest OK’s $135M exploration decline at Red Chris
As it works toward a resource update at the Red Chris mine, Newcrest Mining (TSX: NCM, ASX: NCM) has begun construction of the box cut for a new exploration decline…
Gold
Newmont updates industry-leading reserve portfolio
Newmont (TSX: NGT; NYSE: NEM) has reported its 2020 year-end reserve and resource update, and its 94.2 million oz. of attributable gold reserves are the largest in the industry, the…
Battle North Gold greenlights construction of Bateman project
The board of Battle North Gold (TSX: BNAU) has approved construction of the Bateman gold project in Red Lake. After starting work on critical path construction items in November, the…
Equinox expects production growth in 2021, looks towards 1M oz. by 2023
Over the next three years, Equinox Gold (TSX: EQX; NYSE-AM: EQX) expects to continue with its trend of growing gold output, reaching the 1 million oz. annual output level by…
Institutional investors turn to gold
In the face of historically low interest rates and chronically depressed bond yields, institutional investors are turning to gold as a portfolio diversifier. Gold has been largely shunned by institutional…
Monarch Mining grows McKenzie Break gold resources
After completing a Plan of Arrangement with Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) in January, Monarch Mining (TSX: GBAR) is now working to advance spin-out assets within the…
Great Bear zones in on more near-surface gold at Dixie
Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) has released new assay data for three drillholes completed on section 19925 as the company moves towards a tighter drill spacing along the…
Precious Metals Snapshot: Eight companies to watch
Well-known as a store of value, precious metals are a particularly appealing investment during times of uncertainty. This appeal, combined with recent upward price moves, makes companies in this space…
Mongolia asks Rio Tinto to mutually cancel Oyu Tolgoi’s deal
Mongolia’s government is said to be actively seeking to cancel a deal with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) governing a US$6.75 billion expansion of the Oyu Tolgoi…
TSX Venture mixed, Feb. 1-5
The S&P/TSX Venture Composite Index soared 10.91% to finish the trading week at 1,022.64. Spot gold fell US$32.90 per oz., or 1.78%, to US$1,815.20 per ounce. Eskay Mining climbed 60¢ to…
US markets mixed, Feb. 1-5
The Dow Jones Industrial Average climbed 3.89% to finish the week at 31,148.24 and the S&P 500 advanced 0.02% to 3,841.47. Spot gold fell US$32.90 per oz., or 1.78%, to…
TSX up, Feb. 1-5
The S&P/TSX Composite Index jumped 4.61% to 18,135.90 during the Feb. 1-5 trading week. The S&P/TSX Global Mining Index rose 3.29% to 104.10, and the S&P/TSX Global Base Metals Index…