Rio Tinto cuts 2020 copper targets on Kennecott delay
Rio Tinto (NYSE: RIO; LSE: RIO) has cut its refined copper production target for fiscal 2020 due to delays in restarting a smelter at its Kennecott mine in Utah. The…
Gold
Battle North seeks $55M to fund development, pay debt
Battle North Gold (TSX: BNAU; US-OTC: BNAUF) (previously Rubicon Minerals) is raising $55 million in an upsized bought deal (from $45 million previously) co-led by Cormark Securities and Stifel GMP…
Kirkland Lake signs strategic alliance agreement with Newmont in Northern Ontario
Kirkland Lake Gold (TSX:KL, NYSE:KL) and Newmont (TSX: NGT; NYSE: NEM) have signed a strategic alliance agreement to collaborate on exploration and development work in Northern Ontario. Under the terms…
Alaska Republican Party endorses Pebble mine plan
Northern Dynasty Minerals’ (TSX: NDM) shares jumped Aug. 19 after the company revealed that the Alaska Republican Party officially endorsed its proposed Pebble copper-gold-molybdenum mine. The stock climbed almost 5%…
‘Better late than never’: Warren Buffett bets on gold
Warren Buffett has never been a big fan of gold. At Berkshire Hathaway’s annual general meeting in 2005, the billionaire investor said the precious metal “would be way down on…
Corvus Gold expands Mother Lode project in Nevada
Corvus Gold (TSX: KOR; NASDAQ: KOR) has released the results of 10 holes completed at its Mother Lode project in Nevada. The drill program has expanded the Central Intrusive (CIZ),…
Mexican gov’t greenlights Orla Mining’s Camino Rojo
Mexico has approved the environmental impact statement (EIS) for Orla Mining’s (TSX: OLA) Camino Rojo oxide gold project in Zacatecas state — clearing the way for mine construction to start….
Marathon Gold extends Berry zone at Valentine
The latest drill results from the Berry zone, within the 6-km long Sprite corridor at Marathon Gold’s (TSX: MOZ) Valentine gold project, extend the strike length of this area of…
Banyan Gold finds grade continuity at Airstrip zone in Yukon
Banyan Gold (TSXV: BYN) has released assays for nine holes completed at the Airstrip zone within its AurMac property, 56 km northeast of Mayo, Yukon. The drilling has extended the…
House Oversight Committee alleges political influence in Pebble decision
Northern Dynasty Minerals (TSX: NDM; NYSE: NAK) said on Aug. 13 that the Pebble Partnership has written to the Inspectors General of the U.S. Army, the U.S. Department of Defense…
Falcon Gold finds visible gold at Central Canada project
Falcon Gold (TSX-V: FG) has reported positive drill results from a second hole at its flagship Central Canada gold project, located 22 km east of Atikokan and 160 km west of…
Shandong Gold calls on Canadian gov’t to approve TMAC purchase
Shandong Gold Mining, one of China’s top bullion miners, said its acquisition of a Canadian junior that owns the massive Hope Bay property in Nunavut should be approved for economic…