TSX loses ground, June 26-30
The S&P/TSX Composite Index fell 0.9%, or 137.37 points, to a 15,182.19-point close. Spot gold prices ventured near eight-week lows, falling US$15.10 to US$1,241.61 per oz., whereas Comex copper prices…
Africa
Endeavour Mining bids for Avnel Gold
Unless another gold miner like B2Gold (TSX: BTO; NYSE-MKT: BTG) or Randgold Resources (LON: RRS; NASDAQ: GOLD) swoops in with a sweeter offer, the boards of both Endeavour Mining (TSX:…
Cobalt 27 offers ‘pure play’
VANCOUVER — Cobalt 27 Capital’s (TSXV: KBLT) $200-million initial public offering (IPO) on the TSX Venture Exchange on June 23 shows there’s a growing appetite among investors for exposure to the…
First Cobalt to merge with Cobalt One, CobalTech
Trent Mell of First Cobalt (TSXV: FCC; US-OTC: FTSSF) is making good on his promise to build a diversified portfolio of cobalt assets to capitalize on growing demand for the…
TNM Data Miner: Largest global cobalt reserves in 2016
Using the IntelligenceMine database of our sister company Infomine, The Northern Miner compiled a list of the world’s five largest cobalt deposits in 2016, based on reserves. 1. Mutanda, DRC…
Africa Snapshot: Five juniors seeking gold, diamonds and REEs
While mid-tier gold and copper miners and developers in Africa have caught much of the attention of investors, there remains a vital contingent of small juniors that are active at…
Editorial: Africa remains a dominant force in global gold mining
With so many troubles in Africa’s centres of gold mining — extremist attacks in West and North Africa, perennial challenges in Central Africa and the long, slow decline of violence-ridden…
Orca improves economics at Block 14 in north Sudan
VANCOUVER —Avant-garde explorer Orca Gold (TSXV: ORG) has launched into a feasibility study at its 2.3 million oz. gold Block 14 project in northern Sudan’s Nubian Desert, after finding a…
Barrick, Acacia at odds with gov’t in Tanzania
VANCOUVER — Barrick Gold’s (TSX: ABX; NYSE: ABX) senior management is preparing for negotiations over an evolving sociopolitical situation in Tanzania that could lower its gold production from the country. The…
Forbes & Manhattan backs African Gold Group
As part of a private placement in March, Forbes & Manhattan Resources Inc., along with several other investors, including company insiders, took a 17% stake in a junior exploration company…
Orezone CEO talks strategic exploration shift at Bomboré
VANCOUVER — West Africa-focused Orezone Gold (TSX: ORE; US-OTC: ORZCF) had been developing its multimillion-ounce Bomboré gold project in Burkina Faso until discrepancies in resource estimations brought activity to a halt…
Roxgold eyes Yaramoko expansion
VANCOUVER — African miner Roxgold (TSX: ROXG) has plans to boost production at its Yaramoko gold mine in Burkina Faso by adding resources from its Bagassi South project, 1.8…