Bluestone Resources closes $92M financing deal
Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) has raised $92 million in a bought deal financing to advance its flagship Cerro Blanco gold project in Guatemala. Under the agreement, a syndicate of…
Gold
Precipitate Gold turns to second property near Pueblo Veijo following Barrick deal
After signing a deal with Barrick Gold (TSX: ABX; NYSE: GOLD) to earn a 70% stake in its Pueblo Grande project in the Dominican Republic earlier this month, Precipitate Gold…
PNG refuses to extend mining lease for Barrick’s Porgera mine
Papua New Guinea (PNG) is set to take control of Barrick Gold’s (TSX: ABX; NYSE: GOLD) Porgera mine after refusing to extend the company’s lease on environmental and social grounds,…
CIBC raises gold price forecast; shares top stock picks
CIBC is increasing its gold price forecast to US$1,725 per oz. in 2020 and US$1,800 per oz. in 2021, up from its previous estimates of US$1,600 per oz. for both…
GoGold drill results show ‘significant potential’ at Los Ricos
GoGold Resources (TSX: GGD; US-OTC: GLGDF) has reported assay results from 12 drill holes at its Los Ricos South project in the Mexican state of Jalisco, 100 km northwest of…
Kirkland Lake drill results suggest high-grade corridor
Kirkland Lake Gold (TSX: KL; NYSE: KL) has released the results of 19 drill holes, as well as assays for 15 historical unreported and reinterpreted holes from the Macassa mine…
BofA forecasts US$3,000 gold in 18 months
Bank of America says gold could hit US$3,000 per oz. in 18 months, up from a previous forecast of US$2,000 per oz. “As economic output contracts sharply, fiscal outlays surge,…
Troilus Gold reports positive assays at Southwest zone
Troilus Gold (TSX: TLG) has reported assay results from two holes completed at the Southwest zone, 3.5 km northeast of the existing deposit within the 160-sq.-km Troilus project. The drill…
Quebec Precious Metals discovers new zone at Sakami
Drill results from Quebec Precious Metals’ (TSXV: CJC; US-OTC: CJCFF) wholly owned 140-sq.-km Sakami project, 570 km north of Val d’Or, suggest a new mineralized zone, the La Pointe Extension…
South America divided on coronavirus measures
South American countries have taken varying approaches to containing the spread of COVID-19, ranging from leaving it to states and cities to handle the virus to implementing aggressive lockdowns and…
Far North Snapshot: Eight companies exploring the frontiers
As existing deposits and mines are advanced, companies are looking for new frontiers to secure their long-term production and growth. The northern portion of this continent, with favourable geology, relative…
Nordgold plans to cut carbon emissions at Guinea mine
Russian miner Nordgold (LSE: NORD) says it will build a new power plant at its Lefa mine in Guinea as part of efforts to reduce its greenhouse gas emissions. The…