Burkina Faso’s nationalization rattles West Africa’s gold sector
Burkina Faso is accelerating its drive to nationalize natural resources, requesting this week to buy another 35% of West African Resources’ (ASX: WAF) Kiaka gold mine — a move that…
Gold
Luca Mining expands Tahuehueto mine with Fresnillo land deal
Canada’s Luca Mining (TSX-V: LUCA) has bought the Humaya 3 mining concession in Durango, Mexico, from Minera Mexicana La Ciénega, a unit of Fresnillo (LON: FRES), the country’s largest silver…
Alaska fast tracks permits with new fed deal
Alaska aims to move priority mining and oil-and-gas proposals faster through permitting after signing a new agreement with federal regulators. The FAST-41 cooperation with Alaska, the first state to do…
Newmont plans sweeping job cuts: Bloomberg
Newmont (TSX: NGT; NYSE: NEM) is preparing a major cost-reduction plan that could lead to thousands of job losses, Bloomberg reported on Wednesday, citing people familiar with the matter. The…
Equinox Gold kicks off ore processing at Valentine
Equinox Gold (TSX, NYSE-A: EQX) has begun processing ore at its Valentine gold mine in Newfoundland and Labrador, with first gold expected next month. “I am pleased to announce that…
Hochschild plunges after slashing Mara Rosa forecast
Hochschild Mining (LSE: HOC.L) shares plunged on Wednesday after the company slashed its full-year production forecast from the Mara Rosa mine by more than half, only months after a temporary…
First Nations buy BC port serving Newmont mines
Two First Nations groups have partnered with a trucking company to buy a bulk terminal port near British Columbia’s border with Alaska serving Newmont’s (TSX: NGT; NYSE: NEM) Brucejack and…
US adds copper, potash, silicon to critical minerals list
The U.S. government has added copper, potash and silicon to its draft list of critical minerals in the most significant overhaul since it was first published in 2018. The update, mandated…
$1M gold up for grabs as Canada Treasure Hunt begins
There’s more than $1 million in physical gold hidden somewhere in Canada, but rather than your grandfather’s pick axe and head lamp, only knowledge and wits are needed to find…
Evolve Royalties in $70M deal for Voyageur Explorers
Private firm Evolve Strategic Element Royalties is poised to acquire the Prairies- and copper-zinc-gold-focused Voyageur Mineral Explorers (CSE: VOY) in a reverse takeover valued at $70.3 million. Voyageur is…
Vietnam lifts state monopoly on gold
Vietnam, the third-largest importer of gold in Asia, issued a decree on Tuesday abolishing its 13-year-old state monopoly on gold trading, causing a spike in local prices even as the…
Kyrgyzstan kicks off underground gold mining at Kumtor
Kyrgyzstan has begun underground production at Kumtor, one of Central Asia’s largest bullion mines, which officials say could contain up to 147 metric tonnes of reserves. President Sadyr Japarov nationalized…