TSXV remains flat, Aug. 2-6
The S&P/TSX Venture Composite Index rose 0.02 points or 0.002% in the August 2-6 trading week. Spot gold fell US$50.70 to US$1,763.10 per ounce. Shares of Filo Mining jumped $1.02…
2021
Nordgold begins mining at Lefa’s satellite deposit
The Diguili deposit, located about 35 km from Lefa’ processing facility, is considered a core pillar of Nordgold’s expansion strategy.
Curb your enthusiasm: No end in sight for burning coal
While some banks and other lenders are cutting off funding for new coal-fired power plants and turning their backs on coal mining projects more generally, the number of new coal…
US sets 50% target on electric vehicles by 2030
The United States has set a target to make half of all new passenger cars and light trucks sold in 2030 zero-emissions vehicles. The category includes battery electric, plug-in hybrid…
Mexico Snapshot: Eight companies with Mexican projects to follow
Mexico has a long and storied history as a silver producer, and there is no reason to think that will change anytime soon. Here are eight Canadian companies active in…
Wallbridge infill drilling at Fenelon hits more good grades
In preparation for its initial resource estimate due by the end of the third quarter, Wallbridge Mining (TSX: WM) is nearing completion of the definition drilling program at the Fenelon…
Mountain Province bounces back as diamond demand returns
Mountain Province Diamonds (TSX: MPV; US-OTC: MPVD) saw profit jump in the second quarter of the year as consumer demand for precious stones returned and Covid-19 cases dropped at its…
Torex foregoes the Muckahi mining method for Media Luna
Torex Gold (TSX: TXG) has announced it will proceed with conventional development and mining methods for its proposed Media Luna project in Mexico instead of using the newly developed Muckahi…
Resolute Mining sells Bibiani mine to Asante Gold for US$90 million
Australia’s Resolute Mining (LSE: RSG; ASX: RSG) is selling its Bibiani gold mine in Ghana to Canada’s Asante Gold (TSXV: ASE) for US$90 million in cash. The company will receive an initial US$30 million payment, followed by…
Orla Mining reports high grade assays from Camino Rojo gold project in Mexico
Orla Mining (TSX: OLA; NYSE: ORLA) has released new assay results from drilling the sulphides zone at its Camino Rojo gold project in Mexico’s Zacatecas state, about 50 km southeast…
Chilean lawmakers postpone vote on controversial mining royalty bill
Bill calls for a 3% royalty on sales of over 12,000 tonnes of copper productions a year and 50,000t/y of lithium.
The View from England: Pandemic yields buried treasure
Gold is still being discovered in England, but it’s not geologists doing the finding. As we emerge from the pandemic it seems that many of us spent the lockdown digging…