S&P upgrades Barrick credit rating
S&P Global Ratings has upgraded Barrick Gold’s (TSX: ABX; NYSE: GOLD) long-term corporate credit rating a notch from BBB to BBB+. With a ‘stable’ outlook, S&P in a note said…
Canada
Mountain Province rises to 12-month high on diamond market recovery
The Toronto-quoted equity of Mountain Province Diamonds (TSX: MPVD) has achieved a new 12-month high on March 29 after the company overnight reported record free cash flow in 2021 and…
Osisko Development closes US$32.8M final tranche of non-brokered financing
Osisko Development (TSXV: ODV) has closed the second tranche of its previously announced non-brokered private placement. More than 9.4 million subscription receipts of the company were issued under this tranche…
Osisko Metals to buy former Gaspé copper mine in Quebec from Glencore
Osisko Metals (TSXV: OM; OTC: OMZNF) has signed an option to purchase the former Gaspé copper mine from Glencore Canada. The mine, located near Murdochville, Quebec, was developed and operated…
TSX Venture Exchange rises, Mar. 21-25
The S&P/TSX Venture Composite Index rose 19.65 points or 2.3% over the Mar. 21-25 trading week to end at 866. The top two gainers on the Venture Exchange by value…
Mick Davis’s Vision Blue joins backers for Cornish Metals tin mine
Cornish Metals (LON, TSX-V: CUSN) is getting closer to reopening the South Crofty tin-copper mine in Cornwall, southwest England, as a group of investors including mining veteran Mick Davis are…
Global Gold Snapshot: Eight companies scouring the globe for gold
With gold prices approaching US$2,000 per oz., gold exploration and mine development remain important drivers for many mining companies. Here are eight global gold explorers to watch. ANACORTES MINING Vancouver-headquartered Anacortes…
Spanish transport strike halts Orvana’s Orovalle operation
An ongoing transportation strike in Spain has accentuated supply chain disruptions that have forced Canadian miner Orvana Minerals (TSX: ORV) to suspend operations at the critical Orovalle copper-gold operation in…
Orla Mining lays out its Mexico and Panama exploration aims
Following the first gold pour in December at Orla Mining’s (TSX: OLA; NYSE: ORLA) Camino Rojo oxide gold mine in Mexico, the company is embarking on a 2022 exploration strategy…
Commodity price spikes could signal lasting market changes – report
Market analyst Wood Mackenzie warns that the ongoing metals and mined commodity price spikes, combined with heightened geopolitical tension, could result in long-lasting market changes. In recent months, factors including…
New Found drills 69.2 grams gold over 14.2 metres at Golden Joint, demonstrating width of high-grade vein
New Found Gold (TSXV: NFG) has released assay results from 23 diamond drill holes designed to expand the high-grade gold mineralization at the Golden Joint and Lotto discoveries, located within…
Ariana Resources rises on Newmont exploration alliance
The London-quoted equity of Ariana Resources (AIM: AAU) gained more than 10% on Thursday after it announced an exploration alliance with the world’s biggest gold producer, Newmont Corp (NYSE: NEM,…