Ontario snapshot: Seven companies in discovery and development mode
From the nickel hotbed of the Sudbury Basin to the high-grade gold of Red Lake and newer critical metal discoveries in between, Ontario hosts some of the world’s most productive…
Gold
Teck faces $11M fine for alleged breach of enviro permit in Chile
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), Canada’s largest diversified miner, is facing two charges from Chile’s environmental regulator SMA for alleged breaches of its permit at the Carmen…
Royal Road pivots to Morocco with Saudi-backed copper-gold exploration
Royal Road Minerals (TSXV: RYR), a Jersey-based explorer with projects in South America, is expanding to a copper-gold project in Morocco with an option to purchase Izughar Resources for nearly…
Explorers in Colombia keep spending amid Petro government’s leftist rhetoric
More than a year after Colombia’s leftist president Gustavo Petro took power, investment by public companies is rising along with their exploration activity, despite initial concerns the government would restrict…
Winshear Gold moves on from Tanzania project, takes US$30M settlement
Canadian gold explorer Winshear Gold (TSXV: WINS) has ended a longstanding dispute with the Tanzanian government in regards to the company’s licences for the SMP project. On Monday, the parties…
Newmont starts ramp-up at Peñasquito as strike ends
Newmont (TSX: NGT; NYSE: NEM), the world’s largest gold producer, has begun restarting operations at its Peñasquito mine in Mexico, after reaching a definitive agreement with striking workers last week….
TNM Drill Down: Peregrine reports best width x grade gold value yet in Australia
Our TNM Drill Down features highlights of the top gold assays of the past week (Oct. 6-13). Drill holes are ranked by gold grade x width, as identified by data…
US DOI draft study poses further setback for Alaska’s Ambler road project
The proposed 211-mile transportation corridor for accessing untouched mineral deposits in northwestern Alaska, also known as the Ambler road project, will likely cause harm to wildlife and disruptions to local…
Freeman Gold shares rise on initial PEA for Lemhi project in Idaho
Shares in Idaho-focused junior explorer Freeman Gold (TSXV: FMAN; US-OTC: FMANF) rose as high as 11.5% Monday following the release of an initial preliminary economic assessment (PEA) on its Lemhi…
Scotgold in advanced funding talks to avoid default
Embattled miner Scotgold Resources, which operates Scotland’s only gold mine, said on Monday it was close to securing enough funding from a new strategic investor, which will help it avoid going into…
Egyptian tycoon eyes stake in Barrick’s Reko Diq project
Egyptian billionaire Naguib Sawiris, the northern African country’s second-wealthiest person, is said to be seeking a stake in the US$7 billion Reko Diq copper-gold project, jointly owned by Barrick Gold…
CMS: State should ‘stay out of the way,’ Garofalo says
Investors must back junior explorers to reverse the global trend of falling gold production while governments should give the industry leeway, Gold Royalty (NYSE: GROY) CEO David Garofalo says. The…