Lucara sells Lesedi La Rona diamond for US$53M
Lucara Diamond (TSX: LUC) has sold the 1,109-carat Lesedi La Rona stone recovered from its Karowe mine for US$53 million, or US$47,777 per carat. The sale, made to British jeweller…
Africa
Asanko cuts 2018 production guidance
Asanko Gold (TSX: AKG; NYSE-AM: AKG) is not going to meet its 2018 production guidance at its gold mine in Ghana, the company disclosed in a recent site visit presentation….
TSX rises slightly, Oct. 30-Nov. 3
Canada’s benchmark index rose 0.42% to finish the trading week at 16,020.16. The S&P/TSX Gold Mining Index and the S&P/TSX Global Gold Index posted incremental gains, rising 0.42% to 68.01…
Site visit: Orca poised to succeed in Sudan
ABU HAMAD, SUDAN — It’s easy to tell when and where it last rained in the Nubian Desert. Grass sprouts up within a couple days and lasts as long as…
Barrick, Acacia struggle to find common ground in Tanzania
VANCOUVER — Barrick Gold (TSX: ABX; NYSE: ABX) has proposed a framework to resolve a three-month dispute with the government of Tanzania. It appears that management at Acacia Mining (LON: ACA),…
US markets falter, Oct. 16-20
Gold closed at US$1,280 per oz., down US$23.30 per ounce. The Philadelphia Gold and Silver Index dropped 2.61% to 85.01, while the Dow Jones Industrial Average stayed strong, rising 2%…
SEC charges Rio Tinto with fraud
The U.S. Securities and Exchange Commission (SEC) has charged Rio Tinto (NYSE: RIO; LON: RIO) and two of its former executives with fraud for inflating the value of coal assets…
The Northern Miner podcast – episode 77: What’s up with the Witwatersrand?
This week we’ve got a geological bonanza, as Lesley chats with Hartwig Frimmel about the genesis of the Witwatersrand (Wits) gold deposit in South Africa. The geological anomaly has received…
Site visit: New Age Metals finds high grade
SUDBURY, ONTARIO – The optics are rarely very good when a major pulls out of a joint-venture project with a junior company. In the case of River Valley in northwestern…
B2Gold’s Fekola on brink of commercial production this year
B2Gold (TSX: BTO; NYSE: BTG) says it has started processing ore at its Fekola gold mine in southwestern Mali, and will reach commercial production before year-end. The mid-tier miner already…
Seven questions investors should ask about geophysical anomalies
VANCOUVER — Geophysical surveys are frequently used by the mining and exploration industry to detect potential mineral deposits hidden beneath the subsurface. However, the results of geophysical surveys can be…
Quebec’s Orbit Garant drills most since 2012
After a lengthy downturn across the industry, Orbit Garant Drilling (TSX: OGD) drilled more metres in fiscal 2017 than during any other year since the peak of the last cycle…