B2Gold updates Fekola resource in Mali
Less than a year after B2Gold (TSX: BTO; NYSE-AM: B2G) declared commercial production at its 80%-owned Fekola mine in southwestern Mali, the gold producer has updated the mine’s resource estimate….
Africa
Orbit Garant buys Burkina Faso drilling company
Orbit Garant Drilling (TSX: OGD), one of Canada’s largest drilling companies, took advantage of the last downturn to make a strategic move into Chile, and now hopes to repeat that…
Editorial: Gold majors jostle for attention in Denver
The pecking order within the global gold mining industry is never more on display each year than at the Denver Gold Forum in September, with miners and developers of all…
Orca tables maiden resource for Morondo
Orca Gold (TSXV: ORG; US-OTC: CANWF) has tabled a maiden resource for the Koné prospect on its Morondo gold property in Cote d’Ivoire, part of the 2,268 sq. km land package…
Ivanhoe discovers new copper deposit in DRC
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has discovered a third major copper deposit called Makoko in the Democratic Republic of Congo on its 100%-owned Western Foreland copper property, west of…
Editorial: Barrick-Randgold merger full of promise and possible pitfalls
The merger between Barrick Gold and Randgold Resources announced Sept. 25 is the most fascinating development in the gold-mining sector since 2006, when Barrick Gold took over rival Placer Dome…
Barrick and Randgold to merge in US$18B deal
Barrick Gold (TSX: ABX; NYSE: ABX) and Randgold Resources (LON: RRS; NASDAQ: GOLD) have agreed to a share-for-share merger to create the New Barrick Group in a deal valued at…
Anglo American has its eye on Angola
Commodities giant Anglo American (LON: AAL) has applied for exploration concessions for base metals in Angola. “We believe there is geological potential in Angola and have noted with interest the…
Editorial: Worries of lithium oversupply dog market
There’s no better example of how unhinged the junior mining market can get than the last few releases in August from Toronto-based Desert Lion Energy in relation to its assets…
TSX falls, Sept. 3-7
Canada’s benchmark index fell 1.06% to 16,090.27 during a shortened trading week. The S&P/TSX Global Mining Index fell 4.3% to 62.70 and the S&P/TSX Global Gold Index fell 2.9% to…
Nevsun agrees to $1.86B Zijin takeover bid
Nevsun Resources (TSX: NSU; NYSE: NSU) has agreed to Zijin Mining’s (HGK: 2899) friendly take-over bid which values Nevsun at $6 per share or $1.86 billion. Nevsun shares jumped nearly…
Semafo’s Boungou mine achieves commercial production
Since its first gold pour at the end of June, Semafo’s (TSX: SMF) Boungou mine in Burkina Faso has produced more than 12,000 ounces of gold. The mine officially moved…