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…
Gold
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…
Eldorado Gold inks revised investment contract with Greece
Eldorado Gold (TSX: ELD; NYSE: EGO) has inked an amended investment agreement with the Greek government covering the miner’s operations in the north of the country. The new contract between Eldorado’s…
Gatling Exploration’s shift in focus starts to pay off at Larder
Initial assays from Gatling Exploration’s (TSXV: GTR; US-OTC: GATGF) 25,000-metre drill program at its Larder gold project in northern Ontario are validating the company’s decision to shift its exploration strategy to focus…
Radisson extends high-grade gold mineralisation below O’Brien
Drilling on Radisson Mining Resources’ (TSXV: RDS; US-OTC; RMRDF) 100%-owned flagship O’Brien gold project in Quebec continues to hit high-grade mineralisation below the current resource. Radisson said the drilling campaign has…
Northisle tables updated PEA on 22-year mine at North Island project in BC
Northisle Copper and Gold (TSX: NCX) has released an updated preliminary economic assessment on a 22-year, 75,000 tonne-per-day open pit development within its North Island project at the north end…
Turquoise Hill scores win in funding spat with Rio Tinto over Mongolia mine
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) has scored a temporary, but key win in its ongoing dispute with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) over funding of…
SilverCrest releases high-return feasibility for Las Chispas, gives construction go-ahead
Five years after drilling the initial hole at its Las Chispas silver-gold project in Sonora, Mexico, SilverCrest Metals (TSX: SIL; NYSE-AM: SILV) has released a high-margin feasibility for the project…
Ross Beaty to step down as Pan American Silver chairman in May
Pan American Silver (TSX: PAAS; NASDAQ: PAAS) founder Ross Beaty will step down in May as the company’s chairman and has appointed board member Gillian Winckler to replace him. Trained…
Osisko Development drills 8.4 metres of 8.43 g/t gold at Cariboo
After starting to trade on the TSX Venture in December, Osisko Development (TSXV: ODV) has reported its second set of drill results from the conversion drill program underway at the…