TSX down, Oct. 26-30
The S&P/TSX Composite Index fell 4.44% to 15,580.64 during the Oct. 26-Oct. 30 trading week. The S&P/TSX Global Mining Index declined by 2.52% to 92.89, and the S&P/TSX Global Base…
Africa
Nordgold-Shandong bidding war intensifies on ‘misleading’ statement from Cardinal
A long-running battle between Nordgold (LSE: NORD) and China’s Shandong Gold Mining over Cardinal Resources (ASX: CDV) has taken a legal turn after the Russian miner made a fresh application…
Barrick granted exploration licences in Tanzania
Barrick Gold (TSX: ABX; NYSE: GOLD) has been granted 10 new exploration licenses in Tanzania, where, until recently, it was locked in a three-year conflict over taxes and mine ownership….
Nordgold matches Shandong Gold’s offer for Cardinal
A long-running battle between Nordgold (LSE: NORD) and China’s Shandong Gold Mining over Cardinal Resources (ASX: CDV) took a fresh turn, after the Russian gold miner matched Shandong’ s latest…
Petra Diamonds shares fall on cancelled company sale
Shares in Petra Diamonds (LSE: PDL) nosedived after it said it had abandoned plans to sell the company or parts of its business, opting instead for a debt-for-equity restructuring. The…
Diamond market shows signs of revival
After being virtually shut down since March, the diamond market has slowly come back to life. This fall, De Beers, the world’s largest diamond producer by value, has reported a…
Diamonds Snapshot: Seven small diamond producers and explorers to watch
The Covid-19 pandemic has choked off revenue for diamond producers and funding for diamond juniors for much of the year. But with the diamond trade slowly starting to reopen and…
Endeavour Mining restarts security-challenged Boungou mine in Burkina Faso
Endeavour Mining (TSX: EDV), West Africa’s top gold producer, has resumed operations at its Boungou mine in Burkina Faso, a year after previous owner Semafo decided to shut it down…
Roxgold hits high-grade gold in Cote d’Ivoire
Roxgold (TSX: ROXG; US-OTC: ROGFF) has reported additional results from the first phase of its infill drill program on the Koula prospect at its Séguéla gold project in Cote d’Ivoire, 240…
Lucapa Diamond restarts Mothae mine in Lesotho
Australia’s Lucapa Diamond (ASX: LOM) is restarting operations at its Mothae mine in Lesotho, Africa, which had been halted since late March to help curb the spread of the coronavirus. The Perth-based company said it plans…
Gold rally lifts top 50 mining stocks above US$1T for first time
MINING.COM’s ranking of the world’s 50 largest mining companies based on market value shows an industry recovering from its Covid-19 slump and moving into positive territory for the fourth quarter…
Teranga increases resource at Golden Hill in Burkina Faso
Teranga Gold (TSX: TGZ; US-OTC: TGCDF) has updated the mineral resource estimate for its wholly-owned Golden Hill project in the central part of West Africa’s Hounde Greenstone Belt in southwestern Burkina Faso….