TSX rises, April 13-17: Agnico, Barrick, Wheaton, Amerigo, B2Gold
The S&P/TSX Composite Index rose 1.37%, or 193.30 points, to finish the April 13-17 trading week at 14,359.90. The S&P/TSX Global Mining Index rose 3.92% to 77.47, while the S&P/TSX…
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Commentary: Canada Emergency Wage Subsidy should extend to all active mining operations
Even before COVID-19 had been declared a pandemic, the mining industry in Canada’s northern territories was facing challenging circumstances. The ongoing protectionist trade wars were leading to lower commodity prices,…
SilverCrest raises $101M after National Bank Financial bails
Less than a month after National Bank Financial said it was terminating a $75 million bought-deal financing deal with SilverCrest Metals (TSX: SIL; NYSE-AM: SLV) due to the COVID-19 pandemic,…
KORE completes study on Imperial gold deposit in California
KORE Mining (TSXV: KORE; US-OTC: KOREF) has reported a preliminary economic assessment (PEA) for its wholly-owned Imperial gold deposit in the desert region of southeastern California, 14 km from Equinox…
Barrick maintains guidance despite Q1 drop
Barrick Gold (TSX: ABX; NYSE: GOLD), the world’s second-largest producer of the precious metal, expects first-quarter gold output to fall by 8.5%, as it has had to scale down operations…
Thor Explorations to build Nigeria’s first large-scale gold mine
Thor Explorations (TSXV: THX) is moving forward with its Segilola project in Nigeria after securing a US$98-million financing. Once completed, Segilola, located 120 km from Lagos, will become the country’s…
Rio Tinto lowers copper target; flags issues at Oyu Tolgoi
Rio Tinto (NYSE: RIO; LSE: RIO) signalled on Friday a recovery in China’s economy, as it reported improved shipments of iron ore to the country, but the company cut its…
American Pacific acquires Madison with Rio Tinto as partner
For a junior exploration company with a market capitalization of $3 million, the prospect of acquiring a gold project with a past producing mine in the U.S., where Rio Tinto…
First Nations concerned about Quebec mines reopening
First Nations in Quebec and Labrador have raised concerns about the reopening of mining operations in Quebec, fearing that movement in and out of fly-in/fly-out camps will increase transmission of…
Solstice Gold updates plans for Kahuna project in Nunavut
Solstice Gold (TSXV: SGC) has completed a new technical report on its Kahuna gold project, located 26 km northeast of Rankin Inlet and 15 km from Agnico Eagle Mines‘ (TSX:…
Chile court looks at alleged Escondida breaches
A Chilean environmental court will look into the State Defence Council’s (CDE) allegations that the Escondida copper mine, the world’s largest, has caused “irreparable damage” to the Punta Negra salt…
Global Atomic completes study on Dasa in Niger
Global Atomic (TSX: GLO; US-OTC: GLATF) has completed a preliminary economic assessment (PEA) for the first phase of a larger underground mine at its Dasa uranium deposit in the Republic…