Sandstorm picks up royalty on Lundin’s Fruta del Norte
Sandstorm Gold (TSX: SAND; NYSE: SAND) has purchased a 0.9% net smelter returns royalty for US$32.8 million in cash on precious metals produced from Lundin Gold’s (TSX: LUG; NASDAQ: LUG)…
Gold
Turquoise Hill production guidance levels off in 2019
Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 180,000 to 220,000 ounces of gold in concentrates this year, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ)…
Australia’s Bellevue Gold gets top marks from Macquarie
Macquarie Research has chosen Bellevue Gold (ASX: BGL) as its top explorer pick in Australia for 2019. The junior, which trades at A49.5¢ per share and has a US$143-million market…
Brucejack, Silvertip among BC’s biggest recent successes
The most recent Annual Survey of Mining Companies by the Fraser Institute ranked British Columbia seventh among Canadian mining jurisdictions. But no other province or territory has had two new…
Canadian geologist Kirk Woodman murdered in Burkina Faso
Kirk Woodman, vice-president of exploration for Vancouver-based private gold explorer Progress Minerals, was found dead on Jan. 16 in rural Burkina Faso, after having been abducted a day earlier by…
Wesdome forecasts grade increase at Eagle River
Wesdome Gold Mines (TSX: WDO) expects to produce 72,000-80,000 ounces of gold this year at all-in sustaining costs (AISC) of US$985-$1,040 per oz. at its Eagle River mine complex in…
Serabi Gold hits record gold production in Q4
Serabi Gold (TSX: SBI; LON; SRB) produced a record 10,256 oz. gold in 2018’s fourth quarter, propelling its 2018 gold production to 37,108 oz. gold, a slight improvement over 2017…
Integra delays resource after drill hit
Integra Resources (TSXV: ITR; US-OTC: IRRZF) will delay an updated resource estimate for its DeLamar gold-silver project in southwestern Idaho after drill core from a step-out hole nearly half a…
Nordgold boosts stake in Columbus Gold
Russian billionaire Alexey Mordashov’s mining company, Nordgold, has increased its stake in Canadian junior Columbus Gold (TSX: CGT; US-OTC: CGTTF) to 9.96% on a non-diluted basis, and 11.18% if it…
Editorial: Newmont-Goldcorp merger rocks gold industry
The new year continues to be a fascinating one in the global mining industry, with the unveiling on Jan. 14 of Newmont Mining’s blockbuster US$10-billion deal to acquire Goldcorp, and…
Iamgold expects lower production, higher costs in 2019
Iamgold (TSX: IMG; NYSE: IAG) expects to produce fewer gold ounces while incurring higher all in sustaining costs and total cash costs in 2019 compared to 2018, the company said in…
Alamos Gold forecasts 2019 gold production
Alamos Gold (TSX: AGI; NYSE: AGI) produced 505,000 ounces of gold from its four mines in North America last year and expects a “similar rate of production” this year. The…