Petra Diamonds posts 36% fall in revenue
Petra Diamonds (LSE: PDL) has reported a 36% fall in revenue and a net loss of £168.7 million (US$223 million) for the year ended June 30, as the pandemic deepened…
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Champion Iron to acquire Kami out of Alderon restructuring
Champion Iron (TSX: CIA) plans to acquire the Kamistitusset iron ore project in southwest Newfoundland – only a few kilometres away from its Bloom Lake mine – out of a…
Premier expands high-grade mineralization at Hasaga in Ontario
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has released exploration results from its wholly owned Hasaga project in Ontario’s Red Lake camp that point to extensions of the Epp-C and…
Fresnillo, Mag Silver on track at Juanicipio
Although the processing plant at their Juanicipio mine won’t be completed until next year, partners Fresnillo (LSE: FRES) and Mag Silver (TSX: MAG; NYSE-MAG) were able to declare first production…
Revival Gold sees heap leach restart scenario at Beartrack-Arnett in Idaho
Revival Gold (TSXV: RVG; US-OTC: RVLGF) has released a preliminary economic assessment (PEA) on a restart of its flagship Beartrack-Arnett project in Idaho, which outlines a 12,000-tonne-per-day first-phase heap leach…
Copper surges on Peru protests, China futures launch
Copper prices set fresh multiyear highs over concerns of possible supply disruptions following unrest in Peru and optimism about the launch of a Chinese futures contract open to international investors….
Endeavour Mining to buy Teranga Gold, creating top 10 gold miner
Canada’s Endeavour Mining (TSX: EDV), already West Africa’s top gold producer, has agreed to buy Teranga Gold (TSX: TGZ) in an all-share deal worth $2.44 billion (US$1.86 billion), which would…
Victoria Gold reports long gold intercepts at Raven target in Yukon
Victoria Gold (TSX: VGCX) has released assays for the final 13 drill holes from this year’s exploration program at the Raven target within its wholly owned Dublin Gulch property in…
TSX rises, Nov. 9-13
The S&P/TSX Composite Index rose 2.41% to 16,675.64 during the Nov. 9-13 trading week. The S&P/TSX Global Mining Index declined by 2.43% to 96.48, and the S&P/TSX Global Base Metals…
Minera Alamos tables initial resource for Cerro de Oro in Mexico
After acquiring the Cerro de Oro project in August, Minera Alamos (TSXV: MAI) has released an initial resource estimate for the 65-sq.-km property in Mexico’s Zacatecas state. The resource estimate…
US markets up, Nov. 9-13
The Dow Jones Industrial Average rose 4.42% to finish the trading week at 29,479.81 and the S&P 500 climbed by 2.16% to 3,585.15. Spot gold dropped US$60.60 per oz., or…
TSX Venture slips, Nov. 9-13
The S&P/TSX Venture Composite Index fell 0.80% to finish the Nov. 9-13 trading week at 736.37. Spot gold dropped 3.11%, or US$60.60 per oz., to US$1,889.20 per ounce. Shares of…