Monarch plans 2022 restart for Beaufor gold mine
Monarch Mining (TSXV: GBAR; US-OTC: GBARF) plans to reopen its Beaufor mine and Beacon mill, 20 km east of Val-d’Or, Quebec, by next June. Currently on care and maintenance, Beaufor…
Canada
Foran weighs drill program expansion for McIlvenna Bay on results, $100M investment
Foran Mining (TSXV: FOM) is considering expanding the 30,000 metre drill program under way at its McIlvenna Bay project in Saskatchewan after receiving encouraging results and a deal with Fairfax…
Australia’s Wyloo proposes ‘Future Metals hub’ for Ontario
After announcing its intention last week to make a $133 million offer to acquire Noront Resources (TSXV: NOT), Australia’s Wyloo Metals still hasn’t made a formal bid for the Ring…
Dundee announces acquisition of INV Metals
Dundee Precious Metals (TSX: DPM) will add its first project in the Americas to its portfolio by acquiring all the shares it doesn’t already own in junior miner INV Metals…
TSX Venture slightly up, May 24-28
The S&P/TSX Venture Composite Index rose 0.95% to finish the trading week at 966.28. Spot gold increased by US$22.80 per oz., or 1.21%, to US$1,903.50 per ounce. Labrador Gold rose 2¢ to $1.12…
US markets rise, May 24-28
The Dow Jones Industrial Average rose 0.94%% to finish the week at 34,529.45 and the S&P 500 advanced 1.16% to 4,204.11. Spot gold gained US$22.80 per oz., or 1.21%, to US$1,903.50…
TSX up, May 24-28
The S&P/TSX Composite Index rose 1.66% to 19,852.18 during the holiday-shortened May 24-28 trading week. The S&P/TSX Global Mining Index grew 1.58% to 114.11, and the S&P/TSX Global Base Metals…
JV Article: Kirkland Lake Gold partnership could lead to world-class discoveries, says Stephen Stewart of Orefinders and Mistango
A new strategic partnership and equity investment by Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) into Orefinders Resources (ORX: TSXV) and Mistango River Resources (CSE: MIS) will allow the two Canadian juniors to “unlock…
Global Mining Symposium: Garofalo on Gold Royalty’s role in reversing the reserve decline
The precious metals-focused royalty and streaming business model continues to unlock value through win-win deals for exploration and development, Gold Royalty (NYSE-AM: GROY) CEO David Garofalo told The Northern Miner’s…
DRC concentrate export ban may tighten global copper, cobalt supply
The Democratic Republic of Congo has reinstated an export ban on copper and cobalt concentrates, but will allow mining companies that hold waivers to continue with shipments. The DRC, the…
Ontario injects funds into Frontier Lithium’s processing pilot
Frontier Lithium (TSXV: FL; US-OTC: LITOF) said the Ontario government is injecting $363,000 (about US$300,000) into the company’s pilot of a proprietary process that seeks to overcome certain risks linked…
Canada Nickel completes PEA for Crawford nickel project
Just over 20 months after exploration drilling commenced at its Crawford nickel sulphide asset, Canada Nickel Company (TSX: CNC; US-OTC: CNIKF) has completed a preliminary economic assessment for the project,…