US markets post slight gain, July 6-10
The Dow Jones Industrial Average rose 0.96% to 26,075.30 and the S&P 500 rose 1.76% to 3,185.04 during the July 6-10 trading week. Spot gold jumped US$24.20 per oz., or…
Gold
TSX posts slim increase, July 6-10
The S&P/TSX Composite Index rose 0.75% to 15,713.82 during the July 6-10 trading week. The S&P/TSX Global Mining Index rose 5.06% to 95.05, and the S&P/TSX Global Base Metals Index…
TSX Venture rises, July 6-10
The S&P/TSX Venture Composite Index rose by 8.17% to finish the trading week at 684.71. Spot gold closed at US$1,798.60 per oz. on July 10, a rise of US$24.20 per…
Porgera mine dispute escalates for Barrick, Zijin
Barrick Gold (TSX: ABX; NYSE: GOLD) has served a dispute notice to the Papua New Guinea (PNG) government over the country’s refusal to renew a licence for the Porgera mine….
Rising gold price and reserve depletion to drive M&A, Bank of America says
The total transaction value of mergers and acquisitions in the second quarter of the year reached US$2.86 billion in twelve deals, with Chinese buyers acquiring gold assets and smaller companies…
Haywood lifts gold price forecasts
Haywood Securities has raised its gold price forecast for the second half of 2020 from US$1,650 per oz. to US$1,800 per ounce. Next year, the broker-dealer predicts gold will average…
Rubicon rebrands as Battle North Gold
Battle North Gold (TSX: BNAU; US-OTC: BNAUF), previously Rubicon Minerals, has released an updated resource estimate for its flagship Bateman gold project, formerly known as Phoenix, which grows the measured…
Eric Sprott increases stake in Stratabound Minerals
Billionaire mining investor Eric Sprott has acquired 3 million common shares of Stratabound Minerals (TSXV: SB) at a price of 5¢ per share. The acquisition was conducted through Jerritt Canyon…
Sabina expands drill program at Back River
Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) has returned to work at its Back River gold project in Nunavut, with an expanded 8,500-metre drill program planned at the 8-km-long…
Barrick, Japan Gold step up exploration
Barrick Gold (TSX: ABX; NYSE: GOLD) and Japan Gold (TSX-V: JG) have kicked off geophysical-gravity surveys in the Asian country’s Hokusatsu Region, as part of a joint effort to uncover…
GoviEx to appeal cancelled uranium license in Zambia
GoviEx Uranium (TSX-V: GXU) says it will appeal Zambia’s decision to terminate its Chirundu mining license. The company acquired the permit in 2017 from African Energy Resources, and it includes…
79North taps into Suriname’s Guiana Shield
Exploration geologist Jon North was attending Mille Miglia – the annual re-enactment of the classic car race from Brescia in the foothills of the Italian Alps to Rome and back…