Vale walks away from exploration JV with Serabi Gold
Brazil-focused miner Serabi Gold (TSX: SBI; LSE: SRB) said on Monday that Vale (NYSE: VALE) has decided to withdraw from a copper exploration alliance formed in May 2023. The company,…
Gold
Perpetua tapped for US$1.8B loan to develop gold-antimony mine in Idaho
Perpetua Resources (TSX: PPTA; NASDAQ: PPTA) has received a letter of interest from the Export-Import Bank of the United States (EXIM) for a potential debt financing of up to US$1.8…
Peru’s Poderosa wants action on illegal miners who keep attacking its gold mine
The Poderosa gold mine in northwestern Peru experienced yet another attack by illegal miners, who this time around used dynamite to take down two high-voltage towers that supply energy to…
Atico drilling grows El Roble copper mine in Colombia
Atico Mining (TSXV: ATY; US-OTC: ATCMF) is reporting strong drill results that expand its El Roble copper-gold mine in Colombia. The drilling was aimed at infilling areas of mineralization while…
Omai Gold targets Wenot deposit in Guyana for quicker turnaround, CEO says
Omai Gold Mines (TSXV: OMG; US-OTC: OMGGF) says the Wenot project in Guyana could generate more cash in the first four years than its US$375 million construction cost. Annual after-tax free cash…
Video: American Pacific Mining’s Palmer project pivot pays off
Cashed-up American Pacific Mining (CSE: USGD; US-OTC: USGDF) is preparing for an active drilling season this year at its Palmer base metals project in Alaska and the Madison copper-gold project…
Video: Aura Minerals aims to improve 2024 gold output by 15%
With a fourth mine in Brazil now in production, Aura Minerals’ (TSX: ORA) CFO Kleber Cardoso is confident the company will achieve about 271,400 oz. of gold-equivalent production this year….
Zimbabwe launches ‘gold-backed’ currency to replace dollar
Zimbabwe said on Friday that it will launch a new currency backed by the country’s gold reserves, the latest move by President Emmerson Mnangagwa’s government to stabilize its fast devaluing currency….
Dundee’s Goodman on how to avoid mining’s investment pitfalls
Jonathan Goodman has had it with rosy economic studies from junior miners that fail to live up to expectations. “Have you ever seen a feasibility study or a pre-feasibility study…
Barrick eyes Peru growth amid global asset expansion
Barrick Gold’s (TSX: ABX; NYSE: GOLD) ongoing push to expand its global portfolio has prompted the company to revisit its presence in the Latin American market. The world’s second largest…
African Rainbow Minerals ups copper game with Surge stake buy
African Rainbow Minerals (JSE: ARI) is buying a 15% stake in British Columbia-focused explorer Surge Copper (TSXV: SURG) for $3.8 million, boosting the South African miner’s exposure to copper. South…
Thor picks up exploration licences near Douta gold project in Senegal
Thor Explorations (TSXV: THX; AIM: THX) has expanded its footprint in Senegal with the acquisition of two licences near its resource-stage Douta gold project. The first is a majority interest…