Osisko Royalties ups Q2 cash flow by 40%
Osisko Gold Royalties (TSX: OR; NYSE: OR) reported strong second quarter financials including $19.7 million in cash flow, a 40% increase over the same quarter last year. It also repaid…
2018
US markets hit all-time highs, July 23-27
Spot gold prices fell US$$5.20 over the period at US$1,223.95 per oz. in the face of continued strength in the greenback. The Philadelphia Gold and Silver Index dropped 2.78 points…
TSX Venture declines, July 23-27
The S&P/TSX Venture Composite Index fell 1% to end the trading week at 707.37. Sokoman Iron shares rose 263% to 15¢ after the company struck gold with the first hole…
Nevsun reports Q2 loss amidst Lundin takeover bid
Nevsun Resources (TSX: NSU; NYSE: NSU) reported a US$10.8 million loss in the second quarter of 2018, an US$11.3 million decline from the first quarter. Lower zinc prices and mined…
Asanko Gold sells half of Asanko mine stake to Gold Fields
Asanko Gold (TSX: AKG; NYSE-AM: AKG) has closed a deal to sell half of its 90% stake in the Asanko gold mine in Ghana to Johannesburg-based Gold Fields (JSE: GFI)…
Great Panther Silver readies Coricancha restart
Great Panther Silver (TSX: GPR; NYSE-AM: GPL) is closing in on a restart of the company’s Coricancha mine – a Cordilleran polymetallic ore deposit located 90 km east of Lima,…
Endeavour’s Houndé mine delivers solid first half results
Endeavour Mining (TSE: EDV; US-OTC: EDVMF) has reported strong growth in production, revenue and earnings in its second quarter results. The West Africa-focused gold miner produced 299,000 oz. gold in…
Coeur to acquire Northern Empire in $117M deal
Coeur Mining (NYSE: CDE) is buying Northern Empire Resources (TSXV: NM; US-OTC: PSPGF) and its 143 sq. km Sterling gold project, located 185 km from Las Vegas in the Walker Lane…
Foraco sees revenue rise 25% in Q2
Drilling company Foraco International (TSX: FAR) has just had its strongest quarter since the third quarter of 2014, and says it confirms a positive trend it has observed throughout 2017…
Site visit: Continental Gold cruising to production at Buritica
“Buritica is the flagship mining project for Colombia,” says Mateo Restrepo, president of Continental Gold (TSX: CNL; US-OTC: CGOOF). The project is more important here than it might be almost…
Aquila tables feasibility study for Back Forty in Michigan
Nearly two months after receiving its final environmental permit, Aquila Resources (TSX: AQA; US-OTC: AQARF) has tabled a positive feasibility study for its Back Forty polymetallic project, located 19 km…
Chris Stewart leaving Treasury to join McEwen Mining
Intermediate gold and silver miner McEwen Mining (TSX: MUX; NYSE: MUX) is picking up a new president and chief operating officer in the form of mining engineer Chris Stewart, who…