US markets fall, April 27-May 1: Vale, Barrick
The Dow Jones Industrial Average fell 0.22%, or 51.58 points, to 23,723.69, and the S&P 500 dropped 0.21%, or 6.03 points, to finish the trading week at 2,830.71. Spot gold…
Gold
TSX rises, April 27-May 1: MAG Silver, Lundin Gold, Troilus, SolGold
The S&P/TSX Composite Index rose 1.39% to 14,620.30 during the April 27-May 1 trading week. The Global Mining Index fell 0.81% to 82.25 and the Global Base Metals Index climbed…
TSX Venture rises, April 27-May 1: Probe Metals, Orford Mining, Bluebird Battery Metals
The S&P/TSX Venture Composite Index rose by 2.26%, or 10.45 points, to finish the trading week at 473.09, with gold finishing the week at US$1,702.90 per oz., a fall of…
Perseus pushes ahead in West Africa, despite virus threat
Perseus Mining (TSX: PRU; ASX: PRU ) is building its second open-pit mine in Cote d’Ivoire and its third in West Africa, and expects to pour first gold in December…
Commentary: Gold hits turbulence amid coronavirus disruptions
A key result of the grip of the coronavirus is the severe disruption to the commodity markets on both sides of the supply chain. A major issue that has affected…
COVID-19 disrupts US$6.9B of global mining output, S&P Global says
COVID-19 has impacted the mining industry across the globe as governments enforce lockdowns and quarantines and companies halt operations because workers and contractors can’t get on-site due to restrictions. S&P…
Osisko hits more high grade at Lynx
Infill results from Osisko Mining’s (TSX: OSK) drill program at the Windfall gold project in the Abitibi greenstone belt in Quebec continue to suggest strong grades within the Lynx zone…
Condor Gold lands environmental permit for Mestiza
Nicaragua-focused Condor Gold (TSX: COG; LSE: CNR) has been granted an environmental permit for the development and exploitation of the Mestiza gold asset, a complementary open pit to the company’s…
Rockridge hits high-grade gold at Raney project in Ontario
In its first drill program at its wholly-owned Raney gold project, 110 km southwest of Timmins, Ont., Rockridge Resources (TSXV: ROCK; US-OTC: RRRLF) cut 6 metres of 28 grams gold…
First Quantum lowers 2020 guidance
With its Cobre Panama mine on care and maintenance since April 7, First Quantum Minerals (TSX: FM) has reduced its copper guidance for the year by 75,000 tonnes to 755,000-805,000…
Seabridge releases ‘much improved’ numbers for KSM
Seabridge Gold (TSX: SEA; NYSE: SA) has released the results of an updated preliminary economic assessment (PEA) on its KSM gold-copper project, 65 km northwest of Stewart, British Columbia. The…
Silvercorp to buy Guyana Goldfields in $105M deal
Silvercorp Metals (TSX: SVM; NYSE: SVM) is buying Guyana Goldfields (TSX: GUY) in a $105 million (US$75 million) cash and stock deal that creates a diversified precious metals producer with…