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…
Africa
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)…
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…
Tanzania Royalty updates PFS after government-forced review
Tanzanian Royalty Exploration (TSX: TNX; NYSE: TRX) has tabled an updated pre-feasibility study (PFS) for its Buckreef gold project in Tanzania with a reserve estimate. It replaces last year’s PFS,…
Friedland: Ivanhoe is ready for the energy revolution
VANCOUVER — Robert Friedland, executive chairman of Ivanhoe Mines (TSX: IVN, US-OTC: IVPAF), was in fine form during his presentation at the Sprott Natural Resource Symposium in Vancouver in mid-July….
Barrick president Kelvin Dushnisky to join AngloGold Ashanti as CEO
Barrick Gold (TSX: ABX; NYSE: ABX) president Kelvin Dushnisky is leaving the company at the end of August to join AngloGold Ashanti (NYSE: AU) as CEO. Dushnisky joined Barrick in…
Tango Mining recovers 42.25 carat diamond from Oena
Vancouver-based Tango Mining (TSXV: TGV) has recovered a 42.25 carat diamond from run of mine gravel at the Oena diamond mine in westernmost South Africa. Tango plans to sell the…
Tajiri raises $1.9M for work at Reo in Burkina
Vancouver-based Tajiri Resources (TSXV: TAJ) has closed a $1.9 million financing, with the net funds to be directed towards licensing and exploration at its newly acquired, grassroots Reo gold project…
Another management change at Roxgold, with Sapuppo to become CFO
In its third management change in as many months, Roxgold (TSX: ROXG) has appointed a new chief financial officer. Roxgold’s current CFO — Natacha Garoute — will stay in the…
De Beers bids $107M for Peregrine
De Beers has tabled a friendly bid for Peregrine Diamonds (TSX: PGD; US-OTC: PGDIF) of 24¢ in cash per share that values the Canadian diamond exploration company at $107 million….
The Northern Miner Podcast – Miner Moment #12: Eira Thomas explains Lucara’s plans to ‘completely disrupt’ global diamond sales
This Miner Moment features an excerpt from TNM Podcast #112 of Lucara Diamond president and CEO Eira Thomas telling about her company’s plans to “completely disrupt how we sell diamonds”…
TSX rises while gold falls, July 9-13
Canada’s benchmark index rose 1.15% to 16,561.12 on a down trading week. The S&P/TSX Global Mining Index fell 1.6% to 73.19 and the S&P/TSX Global Gold Index fell 2.76% to…