Fortescue Metals ups stake in Candente Copper
Australian iron ore major Fortescue Metals Group (ASX: FMG) has invested $1.38 million (US$984,000) in Candente Copper (TSX: DNT), increasing its stake in the Canadian junior from 9.7% to 19.92%….
Silver
Rockcliff hits near-surface copper and zinc at Freebeth in Manitoba
Phase one drilling at Rockcliff Metals’ (CSE: RCLF) Freebeth property in central Manitoba has returned high-grade copper and zinc mineralization including 5.28% copper equivalent over 2 metres and 4% copper-equivalent…
Kirkland Lake Gold invests in Melkior Resources
Kirkland Lake Gold (TSX: KL; NYSE: KL) has struck a strategic partnership with Melkior Resources (TSXV: MKR), which is advancing its flagship Carscallen gold project in the Timmins gold camp…
Eric Sprott boosts ownership in Dolly Varden Silver
Mine financier Eric Sprott is increasing his stake in Dolly Varden Silver (TSXV: DV; US-OTC: DOLLF) to 19.9% — buying 7 million common shares of the company in a private…
US markets fall, May 11-15: Franco-Nevada, Hecla, Coeur, Newmont
As decisions about reopening businesses continued to vary from state to state in the U.S., the Dow Jones Industrial Average fell 2.73% to 23,685.42, while the S&P 500 dropped 2.31%…
Turquoise Hill says Oyu Tolgoi blowout could top US$1.8B
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) announced that an ongoing expansion of the giant Oyu Tolgoi copper-gold-silver mine in Mongolia is expected to cost an additional US$1.8 billion. The…
Mining in Mexico to restart
Mining in Mexico, the world’s largest silver producing country, is set to fully resume next week as authorities implement a gradual nationwide return to a “new normal,” which will see…
First Majestic calls on NAFTA to arbitrate tax dispute in Mexico
First Majestic Silver (TSX:FR; NYSE: AG) has initiated an arbitration process against Mexico under the North American Free Trade Agreement (NAFTA) over a dispute over taxes. The Canadian miner said…
Adriatic Metals acquires Serbia-focused Tethyan Resource
Adriatic Metals (LSE: ADT1; ASX: ADT), which until now has focused its efforts in Bosnia-Herzegovina, is diversifying into neighbouring Serbia, with the acquisition of Tethyan Resource (TSXV: TETH) in an…
Brixton Metals drills bonanza-grade silver at Langis in Ontario
Brixton Metals (TSXV: BBB; US-OTC: BBBXF) has announced bonanza-grade silver assays from its wholly-owned Langis silver-cobalt project, 500 km north of Toronto in the Cobalt Camp area of eastern Ontario….
TSX rises, April 27-May 1: MAG Silver, Lundin Gold, Troilus, SolGold
The S&P/TSX Composite Index rose 1.39% to 14,620.30 during the April 27-May 1 trading week. The Global Mining Index fell 0.81% to 82.25 and the Global Base Metals Index climbed…
Mag Silver rallies on $60M infusion from Eric Sprott
VANCOUVER — Shares of Mag Silver (TSX: MAG; NYSE-AM: MAG) gained as much as 31% to a several month high of $17.87 on the TSX following news of precious metals…