GFG plans ‘aggressive’ exploration program at Pen gold project
After a successful initial drill program earlier this year at its Pen project, 40 km west of Timmins, and a $5.9-million financing closed in May, GFG Resources (TSXV: GFG) is…
Gold
Gold miners will struggle to maintain 2019 production levels, Wood Mac says
Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programs halted or cancelled and project disruptions hampering production, the summit is in sight,…
Roscan buys Komet’s Dabia Sud gold property in Mali
Roscan Gold (TSXV: ROS; US-OTC: RCGCF) has signed a definitive agreement with Komet Resources (TSXV: KMT) to purchase the 35-sq.-km Dabia Sud gold property, which lies directly north of the…
MacDonald Mines extends gold mineralization at SPJ in Ontario
Drilling at MacDonald Mines’ (TSXV: BMK) wholly owned SPJ property, 20 km east of Sudbury, has extended the strike length of the high-grade New Zone-Villeneuve trend to over 225 metres…
‘You have to think, not believe’: Canadian Mining Symposium day 2 features Don Lindsay, Jeffrey Christian
The second day of the Canadian Mining Symposium (CMS) went global on June 17, with the virtual event bringing together another set of speakers from across a wide spectrum of…
Northern Dynasty to share Pebble mine revenue with local community
Northern Dynasty Minerals (TSX: NDM; NYSE-AM: NAK), the company behind a proposed massive copper-gold mine in southwest Alaska, has announced a revenue sharing program for full-time residents of Bristol Bay….
Skeena progresses Eskay Creek to prefeasibility
Skeena Resources (TSXV: SKE; US-OTC: SKREF) has started a preliminary feasibility study (PFS) for the Eskay Creek gold-silver project in the province’s Golden Triangle area. “The PFS is the next…
Libero to drill Big Red gold project in BC
Libero Copper & Gold (TSXV: LBC; US-OTC: LBCMF) has announced its exploration plans for the 260-sq.-km Big Red property within the Golden Triangle. The company plans to first complete a…
Russia to pass China in gold production by 2029: Fitch
A report by Fitch Solutions states that global gold mine production growth is expected to rebound in the coming years underpinned by higher gold prices and mergers between major mining…
DRC gold smuggled out of country, UN says
At least 1.1 tonnes of gold mined in the Democratic Republic of Congo (DRC) were smuggled last year into countries along the eastern border, costing the impoverished nation millions of…
Kinross reaches agreement with Mauritanian gov’t
Kinross Gold (TSX: K; NYSE: KGC) has reached an in-principle deal with the government of Mauritania, which the company says will better balance the interests of both parties in the…
TSX drops June 8-12: Barrick, Starcore, B2Gold
Concerns about a new surge of coronavirus infections sent the S&P/TSX Composite Index down 3.77%, or 597.50 points, to finish the June 8-12 trading week at 15,256.57. Spot gold rose…