US markets climb, Dec. 6-10
The Dow Jones Industrial Average rose 4.02% or 13,909.91 points to 35,970.99 and the S&P 500 increased 3.82% or 173.59 points to 4,712.02. Spot gold ended the week at US$1,782.90…
Gold
TSX rises, Dec. 6-10
The S&P/TSX Composite Index climbed 1.25% or 257.3 points to finish the Dec. 6-10 trading week at 20,890.60 points. The S&P/TSX Global Mining Index rose 1.62% to 98.52 and the…
Improved interest in gold among US investors: BMO
In a “significant” shift in sentiment in the United States this week, investors appeared to be more interested in gold, according to BMO Capital Markets’ mining analyst Jackie Przybylowski. The…
Kinross Gold to acquire Great Bear Resources for $1.8B
Gold miner Kinross Gold (TSX: K; NYSE: KGC) is acquiring junior explorer Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) for $1.8 billion (US$1.4 billion) in order to get its hands…
UPDATED: Otso Gold CEO detained in Finland on suspicion of fraud
UPDATE: The Oulu Police Department ended its pre-trial investigation into former Otso Gold CEO Brian Wesson on Aug. 10, 2022, without referring the matter to prosecutors. Police concluded that no…
Serabi Gold’s Coringa project in Brazil hit by court ruling
Shares in Serabi Gold (TSX: SBI; LSE: SRB) fell today after a Brazilian judge ruled that no future licenses or titles should be granted to the company until it is proven…
2022: Another year to disappoint irrational expectations
While 2020 and 2021 have been brutal overall, the reality is that they have been very good for gold and silver. The first part of 2021 was good for platinum,…
Skeena drills 10 grams gold-equivalent per tonne from Eskay Creek waste
Skeena Resources (TSX: SKE; NYSE: SKE) continued to find good grades as it completed the second phase of drilling at the Albino waste facility at the Eskay Creek gold-silver project…
Ivanhoe Mines strikes streams and offtake agreements for Platreef
Ivanplats, the South African subsidiary of Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF), has struck two stream financing deals with Orion Mine Finance and Nomad Royalty for its Platreef palladium-rhodium-platinum-nickel-copper-gold project…
Harte Gold seeks creditor protection as Silver Lake closes in
Troubled Canadian miner Harte Gold (TSX: HRT) has been granted creditor protection after putting its Sugar Zone gold mine into production without a feasibility study two years ago and later failing…
Ascot obtains permit for Premier gold project, first production expected in Q1 2023
The mine is expected to produce 1.1 moz gold and 3 moz silver over an 8-year mine life.
GoGold’s Los Ricos North contains 87.8M oz. silver-equivalent
GoGold Resources (TSX: GGD; US-OTC: GLGDF) has released its initial resource estimate for the Los Ricos North silver project in Jalisco state, Mexico. The indicated resource contains 87.8 million oz….