BeMetals lands US$5M loan from B2Gold
BeMetals (TSXV: BMET; OTC: BMTLF), which made its name in the gold sector by acquiring a portfolio of exploration projects in Japan, has announced a US$5-million loan from strategic investor…
Canada
Turquoise Hill flags US$200M cost increase at Oyu Tolgoi
Canada’s Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) flagged after markets closed on Thursday a US$200-million cost increase for the ongoing expansion of the massive Oyu Tolgoi copper-gold mine in…
Capex edges higher in Iamgold’s latest update for Cote gold JV
Iamgold (TSX: IAG ; NYSE: IAG) on Wednesday announced another increased estimate of capital expenditures for its 70%-owned Côté gold joint venture in northern Ontario that it holds with Sumitomo…
Sayona on track for first spodumene production in Q1 2023
Sayona Mining (ASX: SYA; OTC: SYAXF) has further advanced its planned restart of spodumene production at its North American Lithium (NAL) operation in Quebec, with approximately 30% of plant and…
Signal Gold shares rise on government green light for Nova Scotia project
Shares of East Coast-focused Signal Gold (TSX: SGNL) rose 17% Wednesday on the news that its Goldboro gold project has been approved by the Nova Scotia government. The environmental assessment approval,…
Silver Lake to invest more than $30M in turnaround plan for Sugar Zone gold mine
Australia’s Silver Lake Resources (ASX: SLR), the new owner of the Sugar Zone mine in northern Ontario, is prepared to invest between $31.2 million and $41.1 million over the next…
Denison completes test work to define Phoenix process plant components; confirms ability to produce yellowcake
Denison Mines (TSX: DML) has achieved a key milestone in the advancement of its Wheeler River uranium project in Saskatchewan with the completion of metallurgical test work to define the mechanical components for…
Diamond exploration hits a new low — even as rough prices soar
There are few things that are more alluring and exciting than a diamond — but one of them is a significant new diamond discovery. Now those are truly rare. In…
Seabridge PEA outlines standalone underground mine opportunity at KSM with US$5.8B after-tax NPV
Seabridge Gold (TSX: SEA; NYSE: SA) has announced results of a preliminary economic assessment (PEA) for a potential copper-rich underground mine at its 100% owned KSM project located in northern…
Baffinland to terminate 1,100 workers at Mary River iron ore mine
Baffinland Iron Mines has sent termination notices to over 1,100 workers at Mary River iron ore mine, in Nunavut, as the company’s request to increase production to 6 million tonnes…
Benz Mining drills high-grade lithium at Ruby Hill West
Benz Mining (TSXV: BZ; ASX: BNZ) has received assays for the six holes drilled in April 2022 as part of its initial lithium exploration at the Ruby Hill West discovery…
US markets rise over July 25-28 trading week
Over the July 25-28 trading period, the Dow Jones Industrial Average gained 855.09 points, or 2.7%, to 32,845.13, and the S&P 500 jumped 151.79 points or 3.8% to 4,118.63. Although…