Sabina raises $35M in bought deal
Developer Sabina Gold & Silver (TSX: SBB) has announced a $35-million bought deal financing led by BMO Capital Markets. The underwriters have agreed to purchase 18 million common shares of…
Canada
Canadian Palladium drills East Bull strike to 2.5 km near Sudbury
Recent drilling has defined a strike length of over 2.5 km at the East Bull palladium deposit, 90 km west of Sudbury, Ont. The property, on which Canadian Palladium Resources…
Sphinx buys former New Calumet zinc-lead-silver mine
Sphinx Resources (TSVZ:SFX) is buying 100% interest in the former New Calumet zinc-lead-silver mine in the Pontiac district of Quebec, about 10 km northwest of Bryson. The property, consisting of…
Barrick’s Bristow and Blackrock’s Hambro discuss ‘profits with purpose’ at PDAC
The 89th annual Prospectors and Developers Association of Canada convention kicked off yesterday a little differently – in an online format thanks to the ongoing coronavirus pandemic. The highlight of…
Labrador Iron releases PEA on construction-ready Houston project in Canada
A preliminary economic assessment from Labrador Iron Mines Holdings (US-OTC: LBRMF) on its 52%-held Houston project on the Labrador-Quebec border suggests a 12-year open pit producing 2 million tonnes per…
Osisko Metals reports high zinc, lead grades from Pine Point
Osisko Metals (TSXV:OM) has reported assays for the first four holes drilled as part of an infill and hydrogeological program at the past-producing Pine Point zinc-lead project in the Northwest…
Matthew Fenton and Maggie Layman named Young Mining Professionals of the Year
The winners of the Young Mining Professionals (YMP) awards this year are Maggie Layman of Osisko Development (TSXV: ODV) and Matthew Fenton of privately held Magris Resources. The YMP awards,…
Resource nationalism surge spells rough times for miners
Resource nationalism has spiked in more than 30 countries over the last year and more than half of those nations are key producers of minerals and hydrocarbons, a new study reveals….
Generation Mining feasibility defines 13-year open pit mine
A feasibility study from Generation Mining (TSX: GENM) on its 80%-held Marathon palladium-copper project in northwestern Ontario suggests a 25,200 tonne per day open pit operation producing a copper-PGM (platinum…
PureGold drills high-grade gold at three targets as mine ramps up
Pure Gold Mining (TSXV: PGM; LSE: PUR) has released the results of surface exploration drilling completed at the Wedge, Treasure Box and No. 1 Vein targets within its 47-sq.-km PureGold…
Turquoise Hill CEO quits on Rio Tinto meddling
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) announced on March 4 that its CEO Ulf Quellmann is leaving the company after majority-owner Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) told…
Golden Predator to acquire Viva Gold and build ‘premier junior gold producer’
Golden Predator Mining (TSXV: GPY) has entered into a definitive arrangement agreement to acquire Viva Gold (TSXV: VAU) — bringing together Golden Predator’s past-producing Brewery Creek mine, 55 km from…