Fortuna Silver to buy Roxgold in US$884 million deal
Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is buying Roxgold (TSX: ROXG; US-OTC: ROGFF) in an all-share deal valued at about $1 billion (US$884.32 million), as strong gold prices spurs a wave…
Africa
RANKED: World’s top 10 biggest gold mines
Despite being adversely affected by the Covid-19 pandemic, global gold production still surpassed 100 million ounces in 2020 and is expected to bounce back this year as economies continue to recover…
Roxgold releases feasibility study for Séguéla project in Côte d’Ivoire
Roxgold (TSX: ROXG; US-OTC: ROGFF) has released the results of a feasibility study for its Séguéla gold project in Côte d’Ivoire, 240 km northwest of Yamoussoukro. The company says the study…
Roscan Gold accelerates drill program; land acquisitions and executive appointments
Since the beginning of the year, Roscan Gold (TSXV: ROS; US-OTC: RCGCF) has enlarged its land package around its Kandiole project in western Mali from about 250 sq. km to…
White Metal finds new gold zone at Tower Stock project
White Metal Resources (TSXV: WHM) says it has discovered a new gold zone at its Tower Stock gold project, 45 km from Thunder Bay in northwestern Ontario’s Shebandowan greenstone belt….
Vale buys Mitsui’s stake in Moatize amid plan to exit coal
Vale (NYSE: VALE) has inked a deal to acquire Mitsui & Co’s stake in the Moatize metallurgical and thermal coal mine and port project in Mozambique, as the Brazilian miner…
Glencore shareholders revolt over CEO’s pay
Proxy adviser Glass Lewis, one of Glencore’s (LSE: GLEN) top shareholders, is pushing investors to vote against the company’s plans to pay its new chief executive Gary Nagle up to…
Giyani updates PEA for Botswana manganese project
Giyani Metals Corp. (TSXV: EMM) has updated a preliminary economic assessment (PEA) based on a larger inferred resource estimate for the company’s flagship Kgwakgwe Hill (K.Hill) manganese project in southeastern…
NextSource partners with processors in Tesla supply chain to build battery anode plant
NextSource Materials (TSX: NEXT; US-OTC: NSRCF) — which is developing its large flake graphite project in Madagascar and is backed by Sir Mick Davis’ Vision Blue Resources — is teaming…
US markets mixed, March 29-April 1
The Dow Jones Industrial Average rose 0.24% to finish the week at 33,153.21 and the S&P 500 fell 0.77% to 3,913.10. Spot gold dropped US$3 per oz., or 0.17%, to US$1,730.30…
Congo launches state-owned cobalt miner
The Democratic Republic of the Congo (DRC) has officially begun operations at Entreprise Générale du Cobalt (EGC), a state-owned company with monopoly rights to the purchase and sale of the…
Ivanhoe working towards accelerating Phase 3 expansion at Kamoa-Kakula copper mine
The Canadian miner wants to accelerate the Phase 3 concentrator expansion from 7.6 million tonnes per annum to 11.4 million tonnes per annum.