American Pacific signs JV with OceanaGold
In its fourth joint-venture deal in Nevada over the last six months, OceanaGold (TSX: OGC; ASX: OGC) will invest US$4 million for the next four years to earn a 51%…
Newcrest Mining Limited
CIBC upgrades Imperial Metals with Newcrest investment in Red Chris
Imperial Metals ’ (TSX: III) deal with Newcrest Mining (ASX: NCM) to sell a 70% stake in its Red Chris mine in British Columbia averts a “liquidity crunch” for the…
Newcrest to buy 70% of Red Chris for US$807M
Newcrest Mining (ASX: NCM) says there is potential to transform Imperial Metals’ (TSX: III) Red Chris copper-gold mine in northwestern British Columbia into a tier-one operation, and is spending US$806.5…
American Pacific grows Tuscarora property near Elko, Nevada
Geologist Eric Saderholm and venture capitalist Warwick Smith started looking for a mining project to collaborate on two years ago. The pair had worked together for five years at Western…
Newcrest options Cornerstone’s Miocene
Over the last 15 years, Australian gold major Newcrest Mining (ASX: NCM) has found gold deposits in Australia, Papua New Guinea and Indonesia, and continues to explore and evaluate prospects…
Mirasol explores in Argentina, Chile
Mirasol Resources (TSXV: MRZ; US-OTC: MRZLF) is about to do something it doesn’t do often: drill one of its own projects. The Argentina- and Chile-focused precious metals project generator is…
SolGold steps up drilling campaign in Ecuador
With US$90 million in the bank and plenty of ground still to explore, Brisbane-based SolGold (TSX: SOLG; US-OTC: SLGGF) has embarked on a 120,000-metre, 12-drill program at its Cascabel copper-gold…
Pretium raises Brucejack’s capital costs, accelerates commissioning
Pretium Resources (TSX: PVG; NYSE: PVG) has upped the estimate of the amount of money it will need to finish building its Brucejack mine in northwestern British Columbia. Capital costs…
TNM Data Miner: Largest global gold reserves in 2016
The Northern Miner put together the largest global gold reserves at operating mines in 2016, using the Intelligence Mine database from sister company Infomine. The list excludes combined reserves at…
Investment commentary: Searching for value amidst a wave of writedowns, pt. 2
Last week we looked at an opportunity that may have opened up with the recent writedowns taken by senior gold producers.
Investment commentary: Searching for value amidst a wave of writedowns, pt. 1
There is little arguing that it has been a rough year for investors in gold mining stocks. But just how bad it has been may come as a surprise: not since the financial crisis of 2008 have investors seen so much of their wealth demolished in…
Newcrest swallows A$6.2B writedown
Newcrest Mining’s (TSX:NM; ASX: NCM) warning in early June that it would be taking up to a A$6-billion writedown on its various gold mining assets around the world has come to pass, and the bite is a little deeper than first anticipated…