Lundin Gold secures up to US$450M for Fruta del Norte
The stars are aligning for Lundin Gold (TSX: LUG) at its large, wholly owned Fruta del Norte (FDN) gold project in Ecuador. On May 30, the company announced a US$400-…
Gold
Trek extends mineralization at Aurizona
Shallow step-out holes drilled at Trek Mining’s (TSXV: TREK) wholly owned Aurizona gold project in Brazil have extended gold mineralization west of the past-producing Piaba open-pit mine. Drill results from…
Snapshot: Promising gold projects from NWT to Newfoundland
With gold prices on the upswing and Canada’s stable politics looking ever more appealing, Canada’s junior gold explorers are in the midst of a particularly active year. Here is a…
Barrick, Acacia embroiled in political turmoil in Tanzania
VANCOUVER — Barrick Gold (TSX: ABX; NYSE: ABX) is wrapped up in a volatile sociopolitical situation in Tanzania that could materially impact its annual gold production. The company holds a 63.9% equity stake…
New Gold eyes first production at Rainy River in September
New Gold (TSX: NGD; NYSE-MKT: NGD) is set to bring its large Rainy River gold mine online in northwestern Ontario this September, with first commercial production expected in November. “After spending…
Copper the ‘commodity of choice,’ Lukas Lundin says
Lukas Lundin, chairman of the Lundin Group of Companies, was one of the distinguished speakers at The Northern Miner’s Canadian Mining Symposium in London in early May. In a fireside…
Newmont moves forward with Ahafo expansion
Newmont Mining (NYSE: NEM) started commercial production from its Ahafo open-pit gold mines in Ghana in 2006, and is now building an underground mine on the complex called Subika. Newmont…
Colorado to raise stake in Seabridge’s KSP
VANCOUVER — Colorado Resources (TSXV: CXO) is preparing for a $4-million exploration program this year that should increase its stake in Seabridge Gold’s (TSX: SEA; NYSE: SA) KSP copper-gold property…
TSX Venture eases up, May 15-19
The S&P/TSX Venture Composite Index rose 13.26 points to a 806.9-point close, as spot gold prices gained US$27.5 to US$1,255.93 per oz., and Comex copper prices gained 6¢ to $2.58…
Wall Street dips, May 15-19
The three major U.S. stock indexes fell during the third week of May. The S&P 500 Index slipped 0.38% to 2,381.73 and the Dow Jones Industrial Average dropped 0.44% to…
Osisko Mining expects winnings from Windfall
Osisko Mining’s (TSX: OSK) 400,000-metre drill program at its Windfall project in Quebec should lead to a resource update before year-end, a feasibility study and permitting in 2018, and construction…
Canadian gold majors eye home-field exploration advantage
VANCOUVER — Canada’s gold miners are naturally interested in discovery back home, but the push for more “homegrown” ounces appears to be on the rise after the recent downcycle, with oft-cited…