Mountain Province taps Dunebridge for US$33M loan
Citing “serious financial difficulty,” Mountain Province Diamonds (TSX: MPVD) has again tapped its largest shareholder for a loan, this time adding a US$33 million term loan facility to its existing…
Canada
Lundin Gold sees record production at Fruta del Norte
Canada’s Lundin Gold (TSX: LUG) has reported record gold production for the March quarter, which marked a year since its Fruta del Norte gold-silver mine in Ecuador, the country’s largest, kicked…
Canadian Gold Snapshot: Eight juniors seeking more yellow metal
High gold prices continue to make the precious metal one of the most sought after metals in Canada. Even companies with production are exploring for more. And there may be…
McEwen Mining reports assays from Stock West in Ontario
McEwen Mining (TSX: MUX; NYSE: MUX) has reported the latest drill results from the Stock West target, part of the company’s Fox Complex in northern Ontario, about 45 km east of…
Coeur takes 17.8% stake in Victoria Gold
Coeur Mining (NYSE: CDE) is acquiring a 17.8% stake from Orion Mine Finance in Victoria Gold (TSX: VGCX), which owns and operates the Eagle gold mine in the Yukon. The…
Wheaton’s Smallwood sees deal opportunities growing faster than the competition
The opportunity landscape for closing new precious metals streaming deals is growing faster than the competition, Wheaton Precious Metals (TSX: WPM; NYSE: WPM; LSE: WPM) CEO Randy Smallwood tells The…
Kyrgyzstan to temporarily take over Centerra’s Kumtor mine
Lawmakers in Kyrgyzstan, home to major gold and copper mines, have passed a law allowing the state to temporarily seize Centerra Gold’s (TSX: CG) Kumtor mine, the largest gold operation in…
Kirkland Lake reports strong Q1 for 2021
Although gold volumes were down slightly, Kirkland Lake Gold (TSX: KL; NYSXE: KL; ASX: KLA) reported strong first quarter results for 2021. Production of 302,847 oz. exceeded the top end…
Lucara secures US$220 million for Karowe expansion
Canada’s Lucara Diamond (TSX:LUC) has secured up to US$220 million in credit-approved commitments for senior debt facilities, which will help it fund a five-year, US$514 million underground expansion of its Karowe mine…
Ivanhoe Mines promises zero emissions at Kamoa-Kakula
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) vowed today to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at its Kamoa-Kakula joint-venture in the Democratic Republic of Congo (DRC), as the…
Starr Peak reports results from first drilling campaign on NewMetal
Starr Peak Mining (TSXV: STE; US-OTC: STRPF) has reported initial assays from its first drill program on its NewMetal property in Quebec’s Abitibi greenstone belt, immediately adjacent to the town of…
Canadian Mining Hall of Fame invites 2022 nominations
The Canadian Mining Hall of Fame is now accepting nominations for individuals who have demonstrated leadership and outstanding achievement in the mining industry. “Canada’s mining industry is essential and plays…