David Garofalo-led fund takes stake in Radisson
The Marshall Precious Metals Fund, managed and led by chairman and CEO David Garofalo, with funds from Chinese state-owned Zhaojin Mining, has taken a 3.8% interest in Radisson Mining Resources…
Gold
Talisker drills high-grade gold at Bralorne in BC
Drilling at Talisker Resources’ (CNSX: TSK; US-OTC: TSKFF) 42-sq.-km Bralorne gold project in British Columbia has returned high-grade gold from new veins as well as from existing structures. Of the…
New Gold sells Blackwater to Artemis for $190M in cash
New Gold (TSX: NGD; NYSE-AM: NGD) is selling its Blackwater project in central B.C. to Artemis Gold (TSXV: ARTG) for $190 million in cash. Under the deal, New Gold will…
The Northern Miner Podcast – episode 190: Pierre Lassonde signs off as chair of Franco-Nevada
This week features Pierre Lassonde’s final shareholder meeting as chair of Franco-Nevada, which took place on May 6, 2020. Lassonde discusses the founding of the company, the dramatic appreciation of…
Great Bear drills more high-grade gold at Dixie
Drilling along the LP fault at Great Bear Resources’ (TSXV: GBR) wholly owned Dixie gold project in Red Lake continues to return long intervals of high-grade gold mineralization. The most…
Maritime Resources drills Hammerdown
Maritime Resources (TSXV: MAE) has started a 10,000-metre diamond drill program at its 98-sq.-km Hammerdown gold project in Newfoundland and Labrador. This program will focus on testing prospective areas for…
Novagold responds to short-seller accusations with 40-page diatribe
Novagold Resources (TSX: NG; NYSE-AM: NG) has hit back against a report from J Capital Research released late May that accused managers of the Vancouver-based explorer of “systematically” misleading investors…
Update: Barrick denies claims of illegal gold exports from Porgera
Barrick Gold (TSX: ABX; NYSE: GOLD) has denied claims that it sought to unlawfully export gold from the Porgera mine in Papua New Guinea that it jointly owns with China’s…
Eldorado Gold constructs $24M tunnel at Lamaque
Eldorado Gold (TSX:ELD; NYSE:EGO) has started construction of a US$24-million tunnel at its sole Canadian operation, the Lamaque gold mine in Quebec, which will allow the company to grow production…
PNG threatens Barrick over alleged gold export attempt
Papua New Guinea (PNG) has threatened Barrick Gold (TSX: ABX; NYSE: GOLD) with criminal proceedings, claiming the company’s joint venture in the country was planning to illegally export US$13 million…
Investors pile into gold ETFs
Gold-backed ETFs added 154 tonnes for net inflows of US$8.5 billion across all regions in May, boosting global holdings to a new all-time high of 3,510 tonnes, according to new…
Pure Gold to restart drilling in Red Lake
Pure Gold Mining (TSXV: PGM; LSE: PUR) is starting a 30,000-metre underground and surface diamond drill program at its wholly owned PureGold Red Lake mine. The program will be focused…