Canamex repurchases royalty with gold-backed crypto token
In an early test of its new gold-backed crypto token, GOLDUSA, Canamex Gold (CSE: CSQ; US-OTC: CNMXF) has used the digital currency to buy back a 1.5% net smelter royalty…
Gold
Jaguar Mining CEO resigns, company cuts guidance for 2018
Shares of Jaguar Mining (TSX: JAG) lost a third of their value in mid-August after the abrupt resignation of the company’s CEO Rodney Lamond, along with news the junior gold…
Armed bandits kill Semafo employee and subcontractor in Burkina Faso
A Semafo (TSX: OMX) employee and a subcontractor are dead after armed bandits shot at a bus transporting the company’s workers 80 km from the town of Bobo-Dioulasso to the…
New Gold faces challenges at Rainy New Gold aims for Rainy River turnaround
VANCOUVER — New Gold (TSX: NGD, NYSE-AM: NGD) had hoped 2018 would be the year it put development challenges to bed at its Rainy River gold mine in northwestern Ontario. In 2017,…
Aben Resources adds Eric Sprott as strategic shareholder
Aben Resources (TSXV: ABN; US-OTC: ABNAF) is expanding its exploration and drilling program this year at its Forrest Kerr gold project in B.C.’s Golden Triangle, with the help of a…
Lydian struggles with debt repayment and blockade
Senior lenders have agreed to extend Lydian International‘s (TSX: LYD) initial debt repayment by two weeks to August 31. The extension follows an earlier two-week extension from July 31 to…
Imperial Metals records $28M loss on strike, operating issues
A strike at Imperial Metals’ (TSX: III) Mt. Polley copper-gold-silver mine in central B.C. and lower copper recoveries at its Red Chris copper-gold mine in northwestern B.C. in the second…
Orsu Metals encounters gold in Siberia
Orsu Metals (TSXV: OSU) has identified a 200 metre-wide, steeply-dipping gold stockwork in the Klyuchi West zone at its Sergeevskoe gold project in Russia. Drill results from that zone are…
Editorial: Gold, copper declines start to bite
The dog days of summer are upon us in North America, and this year for the mining industry the biggest dogs are gold and copper — the two leading precious…
Gold Fields faces restructuring after losses and impairment charge
Gold Fields (NYSE: GFI) has posted an impairment charge of US$359 million in the first half of the year at its troubled South Deep mine in South Africa, which has…
TMAC posts mixed Q2 results
TMAC Resources (TSX: TMR) posted a net loss of $10.3 million (11¢ per share) in the second quarter and warned there might be a risk of breaching certain debt covenants…
American Pacific Mining drills gold in Elko
Vancouver-based American Pacific Mining (CSE: USGD; US-OTC: USGDF) has reported encouraging results from its first phase drilling program at the Turscarora gold project in Elko, Nevada. The results are highlighted…