Montage Gold gains on Lundin-backed financing
Montage Gold (TSXV: MAU; US-OTC: MAUTF) hired a new CEO and nearly doubled a Lundin Group-backed stock offering to fund the US$712 million Koné gold project in Côte d’Ivoire. Toronto-based…
Gold
Sibanye-Stillwater to cut 2,600 jobs in South Africa
The precious metals producer kicked off in October a restructuring process at its four loss-making mines that was expected to result in the loss of 4,095 jobs.
Zijin to expand Tibet copper mine expected to be world’s largest
China’s Zijin Mining Group announced on Friday that is going ahead with the second phase of a major expansion at its Julong copper project in Tibet, after receiving government approval. The…
Newmont to sell mines in Canada, Australia after Newcrest buy
Newmont (TSX: NGT; NYSE: NEM) says it plans to sell six inessential assets including mines in Quebec, Ontario, the Yukon and Western Australia to cut debt. The list contains the…
Sibanye-Stillwater posts $3.4B write-down
South Africa’s Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has flagged a 47.5 billion rand ($3.4 billion) impairment on last year’s results due to tumbling platinum, palladium and nickel prices. The company…
Tudor Gold ups ounces, grade at Goldstorm deposit in BC
The indicated resource count at Tudor Gold‘s (TSXV: TUD) flagship Treaty Creek project in British Columbia has grown by 19% in terms of gold-equivalent ounces following last year’s drill program…
Global exploration snapshot: Eight companies seeking copper, precious metals and more
As explorers continue to hunt for precious metals and critical minerals needed for the green energy transition, their pursuit takes them to every corner of the world. Here are eight…
Dundee bid for Osino Resources bested by unnamed third party
Dundee Precious Metals (TSX: DPM) is walking away from its proposed takeover of Osino Resources (TSXV: OSI) after the target company said on Monday it had received a superior offer…
Agnico Eagle taps Mexico workforce for Macassa
As miners struggle to find skilled labour, few companies are open about hiring workers outside Canada to meet their needs. Few that is, except for Agnico Eagle Mines (TSX: AEM;…
Video: Tahltan Nation offers heavy equipment training in mobile simulators
The Tahltan Nation is rolling out schooling for licences in hauling trucks, bulldozers and loaders, a vice president of the Indigenous group’s development company says in a new video. A…
SSR Mining SVP is latest company figure detained over mine disaster
An executive of SSR Mining (TSX: SSRM; ASX: SSR) in charge of its operations in Turkey has been detained by authorities following last week’s gold mine disaster, reports Sky News….
Video: Azimut CEO bullish on Quebec lithium, copper and gold prospects
Azimut Exploration (TSXV: AZM; US-OTC: AZMTF) plans to undertake up to 10 concurrent exploration programs across Quebec’s largest portfolio of copper, gold and lithium exploration assets, says president and CEO…