Osisko announces $60 million bought deal private placement
Osisko Mining (TSX: OSK) plans to raise $60 million in a bought deal financing. A syndicate of underwriters led by Canaccord Genuity has agreed to purchase 11.22 million flow through shares…
Canada
Lucara kicks off 2021 with 341-carat white diamond find
The unbroken white diamond, found at the Karowe mine in Botswana, could fetch more than $10 million.
Rio Tinto to open North America’s first scandium plant in June
Rio Tinto (NYSE: RIO; LSE: RIO) and the Quebec government have announced the development of the first scandium oxide plant in North America. The commercial-scale demonstration plant, which is already…
Buchans signs agreement with Boliden to advance Buchans VMS project
Canadian mineral exploration and development company Buchans Resources has entered into a collaboration agreement with Boliden Mineral AB, a European-based mining and metals producer. Under the agreement, Boliden will evaluate…
JV Article: PDAC 2021 — The world’s premier mineral exploration and mining convention goes virtual
For the first time in its 89-year history, The Prospectors & Developers Association of Canada’s (PDAC) Convention – the world’s premier mineral exploration and mining industry event – will go…
Barrick meets mid-range of 2020 production guidance
Last year, gold major Barrick (TSX: ABX; NYSE: GOLD) met the midpoint of its gold and copper output targets. The miner generated a total of 4.8 million oz. of gold…
Lucky Friday ramp-up buoys Hecla’s 2020 silver production
Buoyed by the ramp-up of its Lucky Friday mine in Idaho, following a nearly three-year strike by unionized workers at the operation, Hecla Mining (NYSE: HL) produced 13.5 million oz….
Great Bear Resources continues to hit shallow high-grade gold at the LP Fault
Great Bear Resources (TSXV: GBR; US-OTC; GTBAF) has released assay results for 22 holes drilled into the LP Fault at its Dixie project in Ontario’s Red Lake district. The most…
Kirkland Lake Gold generates 369,434 oz. in Q4, meets 2020 guidance
Miner Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) produced 369,434 gold oz. in the fourth quarter of 2020, bringing the company’s 2020 production to 1.37 million oz., in…
JV Article: The next generation of gold prospectors
Last year was a busy time for Vancouver-based Kenorland Minerals (TSXV: KLD). At the end of July 2020, the junior exploration company made a major grassroots gold discovery at the…
First Cobalt inks feed agreements for refinery starting in 2022
First Cobalt (TSXV: FCC; US-OTC: FTSSF) has secured cobalt feed amounting to 90% of capacity for its First Cobalt Refinery in Ontario. The facility will be the only producer of…
TSX Venture rises, Jan. 4-8
The S&P/TSX Venture Composite Index climbed 2.44% to finish the trading week at 896.71. Spot gold fell US$48 per oz., or 2.53%, to US$1,850 per ounce. Nouveau Monde Graphite jumped 77¢…