Barrick sells Chile gold project to Boroo for $50M
Barrick Mining (NYSE:B; TSX:ABX) is selling its Alturas gold project in Chile to a Singapore-based unit of Boroo for $50 million (C$69 million) in cash, plus a 0.5% net smelter…
Canada
Canada, US fund $29M for Canuck tungsten
Northcliff Resources (TSX: NCF) received an $8.2 million (US$6 million) investment from the Canadian government this week to help advance its Sisson tungsten-molybdenum project in New Brunswick. The sum adds…
Minera Alamos buys Equinox’s Nevada assets for $115M
Minera Alamos (TSXV: MAI) agreed to buy some Nevada assets from Equinox Gold (TSX: EQX; NYSE-A: EQX), a move that it says will provide cash flow to support the company’s…
Centerra OKs Goldfield mine in Nevada after all
Centerra Gold (TSX: CG; NYSE: CGAU) said it’s moving ahead with development and construction of its Goldfield project in Nevada after rising gold prices boosted estimated returns. Using a long-term…
OceanaGold hits new high as gold prices lift Q2 results
OceanaGold (TSX: OGC; OTCQ-X: OCANF) set a new all-time high on Thursday after the company reported record quarterly profit and revenue thanks to rising gold prices. Shares of OceanaGold rose…
SSR Mining soars on strong earnings beat
SSR Mining (Nasdaq, TSX: SSRM), the third-largest U.S.-based gold miner by output, soared to its highest share price in nearly two years on Wednesday after reporting second-quarter results that incorporated…
NexGen doubles uranium sales ahead of Rook I OK
NexGen Energy (TSX, NYSE: NXE; ASX: NXG), advancing the largest development-stage uranium deposit in Canada, said Wednesday it has secured a major new offtake contract with a large U.S.-based utility. …
US courts Cook Islands for deep-sea mining
The United States has begun talks with the Cook Islands for research on seabed mineral exploration and development, just months after the South Pacific nation inked cooperation pacts with China that…
Denison shares rise on key Saskatchewan approval
Canada’s first potential in-situ recovery (ISR) uranium project has moved one step closer to reality with Denison Mines (TSX: DML; NYSE: DNN) receiving its environmental assessment (EA) approval from Saskatchewan….
Orla cuts output target after Mexico wall slide
Orla Mining (TSX: OLA; NYSE: ORLA) said it will produce about 5% less gold than planned this year at higher costs after deferring some production following last month’s pit-wall failure at the…
First Quantum scores $1B Royal Gold streaming deal
Canadian miner First Quantum Minerals (TSX: FM) has secured a $1-billion (C$1.38 billion) gold streaming deal with a subsidiary of Royal Gold (Nasdaq: RGLD), the companies announced Tuesday. The agreement…
Fortuna rises on larger gold resource in Senegal
Fortuna Mining (NYSE: FSM; TSX: FVI) has boosted the resource for its Diamba Sud gold project in Senegal ahead of a preliminary economic assessment (PEA) later this year. The project…