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…
Gold
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…
Mexican union wants mining operations to resume
Most economic activities were halted in Mexico in late March due to the COVID-19 pandemic, but the deputy secretary of work at the national level for the Confederation of Mexican…
TSX Venture rises, April 13-17: Abitibi Royalties, Adventus Mining, Falcon Gold
The S&P/TSX Venture Composite Index rose 1.76% to finish the trading week at 444.87. Spot gold finished at US$1,686.50 per oz., a gain of 0.05%, and the S&P/TSX Global Gold…
US markets rise, April 13-17: Yamana, Iamgold, Hecla
The Dow Jones Industrial Average rose 2.21%, or 523.12 points, to 24,242.49 during the April 13-17 trading week, and the S&P 500 advanced 3.04%, or 84.74 points, to 2,874.56. Spot…
TSX rises, April 13-17: Agnico, Barrick, Wheaton, Amerigo, B2Gold
The S&P/TSX Composite Index rose 1.37%, or 193.30 points, to finish the April 13-17 trading week at 14,359.90. The S&P/TSX Global Mining Index rose 3.92% to 77.47, while the S&P/TSX…
SilverCrest raises $101M after National Bank Financial bails
Less than a month after National Bank Financial said it was terminating a $75 million bought-deal financing deal with SilverCrest Metals (TSX: SIL; NYSE-AM: SLV) due to the COVID-19 pandemic,…
KORE completes study on Imperial gold deposit in California
KORE Mining (TSXV: KORE; US-OTC: KOREF) has reported a preliminary economic assessment (PEA) for its wholly-owned Imperial gold deposit in the desert region of southeastern California, 14 km from Equinox…
Barrick maintains guidance despite Q1 drop
Barrick Gold (TSX: ABX; NYSE: GOLD), the world’s second-largest producer of the precious metal, expects first-quarter gold output to fall by 8.5%, as it has had to scale down operations…
Thor Explorations to build Nigeria’s first large-scale gold mine
Thor Explorations (TSXV: THX) is moving forward with its Segilola project in Nigeria after securing a US$98-million financing. Once completed, Segilola, located 120 km from Lagos, will become the country’s…
American Pacific acquires Madison with Rio Tinto as partner
For a junior exploration company with a market capitalization of $3 million, the prospect of acquiring a gold project with a past producing mine in the U.S., where Rio Tinto…