Shandong Gold to buy TMAC Resources for US$149M
In the latest Chinese acquisition of a Canadian gold miner, Shandong Gold is buying TMAC Resources (TSX: TMAC) and its Hope Bay gold project in Nunavut for US$149 million. The…
Barrick Gold
Executive chairman John Thornton sells 50% of his shares in Barrick
John Thornton, Barrick Gold’s (TSX: ABX; NYSE: GOLD) executive chairman, has sold half his stake in the company “due to personal portfolio considerations.” Thornton sold 2.63 million shares following the…
AJN Resources yields to Barrick pressure, won’t buy into Kibali mine
AJN Resources (TSXV: AJN) has dropped plans to acquire 10% of the Kibali gold mine in the Democratic Republic of Congo from state-owned Société Minière de Kilo-Moto (SOKIMO), after facing…
Editorial: Top stories of 2019
The mining industry had its share of tragedy this year starting in January with the murder of Canadian geologist Kirk Woodman in Burkina Faso and Vale’s tailings dam disaster in…
Endeavour Mining and Centamin agree to explore potential merger
Endeavour Mining (TSX: EDV) and Egypt-focused miner Centamin (TSX: CEE; LON: CEY) have agreed to assess the merits of a merger that would create a mid-tier gold company with an…
K92 Mining hits mineralization at Blue Lake prospect in PNG
K92 Mining (TSXV: KNT; US-OTC: KNTNF) intersected 175 metres of 0.28 gram gold per tonne and 0.22% copper from 259 metres downhole at its Blue Lake porphyry prospect, 4 km…
Premier Gold locks up land next to South Arturo mine
Premier Gold Mines (TSX: PGM) has signed an option agreement with Ely Gold Royalties (TSXV: ELY; US-OTC: ELYGF) to acquire its Rodeo Creek property, which sits adjacent to Premier’s South…
Canada’s benchmark index posts small gain, Oct. 15-19
Despite a strong U.S. dollar, the price of gold increased for the third consecutive week, finishing at US$1,226.50 per ounce, up 0.74%, while the S&P/TSX Global Gold Index rose 1.85%…
Dow and S&P 500 down, Oct. 1-5
The Dow Jones Industrial Average slipped 0.4% to 26,447.05 and the S&P 500 Index fell 0.98% to 2,885.57. Spot gold closed US$10.50 per oz. higher at US$1,202.70 per oz. gold….
Barrick, Randgold to forge world’s biggest gold miner
In one of the biggest and most surprising deals the gold industry has seen in more than a decade, Barrick Gold (TSX: ABX; NYSE: ABX) is combining with Randgold Resources (LON: RRS; NASDAQ: GOLD)…
Golden Ridge makes discovery in Golden Triangle
Larry Nagy has covered a lot of ground since graduating with a degree in geological sciences from the University of Saskatchewan in 1966. As a director of Delaware Resources he…
Lundin’s NGEx sees big potential in Josemaria
NGEx Resources (TSX: NGQ) is moving ahead with a prefeasibility study on its Josemaria copper-gold porphyry deposit in Argentina’s San Juan province, and believes it can wrap it up by…