Ecuador court allows public referendums on mining projects
Ecuador’s constitutional court has ruled that communities have the right to hold public referendums on whether or not to allow a mining project to go forward, paving the way for…
Gold
Fruta del Norte ramp up on track, says Lundin Gold
Lundin Gold (TSX: LUG) has reported that the ramp up of its Fruta del Norte gold mine and plant is on schedule and within budget. The mine – Ecuador’s first…
US markets rise, Jan. 6-10: Nutrien, Consol Energy, Endeavour Silver
The Dow Jones Industrial Average rose 0.66% to 28,823.77 and the S&P 500 Index gained 0.94% to 3,265.35. Spot gold climbed US$9.80 per oz. to finish at US$1,562.10 per ounce….
TSX Venture dips, Jan. 6-10: K92, ScoZinc, Eloro
The S&P/TSX Venture Composite Index fell 0.87% to 582.35. Spot gold moved higher to US$1,562.10 per oz., up US$9.80 per ounce. Shares of K92 Mining rose 20¢ to $3.20 on…
TSX moves higher, Jan. 6-10: Kirkland Lake, Detour, Equinox, Teck
The S&P/TSX Composite Index rose 0.99% to 17,234.49 during the first full trading week of January. The S&P/TSX Global Mining Index fell 1.15% to 80.85, the S&P/TSX Global Base Metals…
Consolidation will continue in the gold sector, B of A says
A new report from Bank of America Securities puts the total deal value of global gold mergers and acquisitions last year at US$20.19 billion — the highest in nine years…
Harte Gold delivers strong Q4 production, exceeds guidance
Production of 8,017 oz. gold in the fourth quarter from its Sugar zone mine has allowed Harte Gold (TSX: HRT; US-OTC: HRTFF) to exceed its previously revised production guidance of…
Orezone Gold launches $20M bought deal
Burkina Faso-focused developer Orezone Gold (TSXV: ORE) has announced a $20 million bought deal co-led by Canaccord Genuity and PI Financial. The underwriters will purchase a total of 37.1 million…
Chile’s top court backs Barrick in Pascua Lama water case
Chile’s Supreme Court handed another small victory to Barrick Gold (TSX: ABX; NYSE: GOLD) after rejecting an appeal by a local indigenous community asking for a revision of the water…
Sokoman advances Moosehead gold project in Newfoundland
In November 2019, the Canadian Institute of Mining, Metallurgy and Petroleum’s Newfoundland and Labrador branch named Sokoman Minerals (TSXV: SIC) the prospector and explorer of the year for its wholly…
Maverix proves skeptics wrong
In the three and a half years since Geoff Burns cofounded Maverix Metals (TSX: MMX; NYSE-AM: MMX) with CEO Daniel O’Flaherty in July 2016, the royalty and streaming company’s portfolio…
Gold price scales US$1,600 after Iran attacks US military base
Gold futures jumped after reports of rocket attacks on a U.S. military base in Iraq, hitting fresh six year highs. Gold for delivery in February touched US$1,613.30 per oz., up…