Maverix adds McCoy-Cove royalty to previously acquired Newmont portfolio
Maverix Metals (TSXV: MMX; US-OTC: MACIF) has acquired a 1.5% net smelter returns royalty on the McCoy-Cove gold project in Nevada that was originally supposed to be a part of…
Gold
Great Bear intersects high-grade gold in Red Lake district
Great Bear Resources (TSXV: GBR; US-OTC: GTBDF) has reported two high-grade drill holes from its Dixie gold project in Ontario’s Red Lake district. The first reported drill hole intersected 26.9…
Torex bounces back after blockade in Guererro
Despite a blockade of its El Limon-Guajes gold mine complex in southwestern Mexico from November 2017 until early April 2018, Torex Gold Resources (TSX: TXG) put out solid results over…
Alio Gold halts work on Ana Paula, misses guidance
Raymond James has cut its target price on Alio Gold (TSX: ALO; NYSE-AM: ALO) from $4.50 to $1 per share, and downgraded the company from “market perform” to “underperform” due…
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…
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…