AngloGold, Barrick to sell 80% of Morila mine in Mali
AngloGold Ashanti (NYSE: AU) and partner Barrick Gold (TSX: ABX; NYSE: GOLD) are selling their 80% stake in Mali’s Morila gold mine amid political uncertainty in the country following a…
Barrick Gold
New management brings ‘modern thinking’ to environmentally-challenged Bunker Hill Mine
For over a century, the mines of Silver Valley in the Coeur d’Alene Mountains in northern Idaho have been a source of tremendous mineral wealth. From the mid-1880s, those mines…
PNG grants Porgera lease to state-backed miner: report
Canada’s Barrick Gold (TSX: ABX; NYSE: GOLD) said it would challenge the Papua New Guinea (PNG) government’s reported move to grant a 20-year lease for the Porgera gold mine to a…
Skeena Resources launches aggressive drill program at Eskay Creek
Skeena Resources (TSX: SKE; US-OTC: SKREF) plans to drill a combined 89,000 metres of exploration and infill drilling before the end of the year at its Eskay Creek gold-silver project…
Kirkland Lake signs strategic alliance agreement with Newmont in Northern Ontario
Kirkland Lake Gold (TSX:KL, NYSE:KL) and Newmont (TSX: NGT; NYSE: NEM) have signed a strategic alliance agreement to collaborate on exploration and development work in Northern Ontario. Under the terms…
US markets rise, Aug. 3-7
The Dow Jones Industrial Average rose 3.80% to finish the week at 27,433.48 and the S&P 500 increased 2.45% to 3,351.28. Spot gold jumped US$58.70 per oz., or 2.97%, to…
Chile’s Maricunga belt set to revive country’s gold industry
A wave of new mines in the pipeline on Chile’s Maricunga gold belt are advancing towards construction just as the price of the precious metal hits its highest level in…
Top 10 Canada-based companies with substantial US assets
The U.S. is fertile ground for a variety of minerals, and Canadian companies are active throughout the country. The Northern Miner presents its top 10 list of the biggest Canada-based…
Triple Flag closes US$550M gold and silver stream on Northparkes mine
Mine financing company Triple Flag Precious Metals has closed a US$550 million gold and silver stream on future production from China Molybdenum’s Northparkes mine in Australia. The deal gives Triple…
Barrick reduces power supply to communities near Porgera mine
Barrick Gold (TSX: ABX; NYSE: GOLD) announced that it will reduce power supply to townships near the Porgera gold mine to save costs. The company said in a statement from…
Skeena exercises option on Barrick’s Eskay Creek
Skeena Resources (TSXV: SKE) will be exercising its option to acquire 100% of the Eskay Creek gold-silver project from Barrick Gold (TSX: ABX; NYSE: GOLD) via a binding term sheet…
TSX drops, June 22-26
The S&P/TSX Composite Index fell 1.84% to 15,189.00 during the June 22-26 trading week. The S&P/TSX Global Mining Index rose 4.24% to 88.72, and the S&P/TSX Global Base Metals Index…