Labour costs: Canadian miners see modest pay raises
Hourly wages at mines in Canada climbed at less than half the rate of salaries at top jobs, a new survey shows. The annual pay for a mine general manager…
Gold
Argonaut Gold mulls Mexican asset sale to sharpen focus on flagship Magino mine in Ontario
As it nears commercial production at its Magino mine in Ontario — its first in Canada — Argonaut Gold (TSX: AR) is considering a path leading away from its aging…
Embattled Scotgold Resources places staff on unpaid leave
The owner of Scotland’s only gold mine is in talks with an administration specialist should it fail to secure funds to continue operating.
Presenting a refreshed version of TNM Classic
I’m very proud to present our first issue as a monthly publication. We have several new sections and features that I’d like to draw your attention to. First, our new…
BC Supreme Court rules Mineral Tenure Act not addressing Indigenous consultation duty
First Nations leaders praised the British Columbia Supreme Court’s recent ruling that the province must consult with Indigenous groups before granting mineral claims, upholding the Crown’s duty to consult. The…
Northisle stock hits highest in a year on near-surface gold hits
Northisle Copper and Gold (TSXV: NCX) continues to return impressive results from drilling at its North Island project located near Port Hardy, B.C., with the latest assays representing one of…
Idaho gold rush: These 3 companies work towards near-term production
A 21st-century gold rush is unfolding in Idaho — a state that, historically, has been overshadowed by its U.S. northwest neighbours’ rich mining legacies. Now emerging as an epicentre for…
Bonterra shares surge following $30M deal with Osisko Mining in Quebec
Bonterra Resources (TSXV: BTR) shares jumped 19.4% by noon on Monday after the company clinched an earn-in and joint venture deal with Osisko Mining (TSX: OSK) for its Urban-Barry properties in…
Equinox Gold raises $172.5M from note offering
Equinox Gold (TSX: EQX) has completed its recently announced bought deal offering of convertible senior notes for a total of $172.5 million, including the $22.5 million full amount of exercise…
Fortuna Silver boosts presence in West Africa with Chesser buy
Canadian miner Fortuna Silver Mines (TSX: FVI; NYSE: FSM) has expanded its footprint in West Africa after completing the acquisition of Australian gold junior Chesser Resources. In the deal announced in May,…
Police crack down on $1.2B illegal gold trade in Brazil
The Brazilian Federal Police on Wednesday carried out an operation against illegal gold mining and trade in the Yanomami Indigenous Territory in the northwestern states of Amazonas and Roraima. According…
Gold Fields to make decision on Ghana mine by early 2024
Gold Fields (NYSE: GFI; JSE: GFI) plans to make a decision within the next four months on whether to keep or sell its Asanko gold mine (AGM) in Ghana. The…