Premier unveils top-level team for i-80 Gold
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has picked the management team for new U.S.-focused gold miner i-80 Gold Corp., a company formed as part of the $612 million (US$478 million)…
Canada
European tungsten producer Almonty advances Korean Sangdong project
Almonty Industries (TSX: AII; US-OTC: ALMTF) has two mines in Europe producing tungsten concentrate – the Los Santos mine in western Spain and the Panasqueira mine in Portugal – but…
Evolution Mining sees rising cash flow from Red Lake
Australian gold producer Evolution Mining (ASX: EVN) says performance improvements at its Red Lake mine in Canada are putting its turnaround plans for the operation ahead of schedule. In the…
Turquoise Hill seeks interim order against Rio Tinto over Mongolia mine funding
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) is seeking an interim order in its arbitration against Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) in response to some of the…
Wesdome to sell Moss Lake to Goldshore Resources for $57M
TSX Venture-listed Sierra Madre Developments (TSXV: SMG.H) has entered into an amalgamation agreement to acquire B.C.-incorporated and privately held Goldshore Resources. Separately, Goldshore has entered into an asset purchase agreement…
First Cobalt starts pre-construction work on Ontario refinery
First Cobalt (TSXV: FCC; US-OTC: FTSSF) announced that it has started pre-construction work at its permitted cobalt refinery in Ontario. The company is now working on detailed engineering and procurement…
Canada Nickel achieves high-grade nickel concentrate
Canada Nickel Company (TSX: CNC; US-OTC: CNIKF) has announced processing test results from its Crawford nickel-cobalt sulphide project in the Timmins-Cochrane mining district. The latest processing data suggests a 52%…
TSX Venture rises, Jan. 18-22
The S&P/TSX Venture Composite Index climbed 4.34% to finish the trading week at 947.43. Spot gold jumped US$26.90 per oz., or 1.47%, to US$1,855.50 per ounce. Rock Tech Lithium rose $1.56 to…
US markets up, Jan. 18-22
The Dow Jones Industrial Average rose 0.6% to finish the week at 30,996.98 and the S&P 500 climbed 0.02% to 3,841.47. Spot gold jumped US$26.90 per oz., or 1.47%, to…
Whitehorse Gold advances Skukum project in the Yukon
For a junior exploration company that started trading on the TSX Venture Exchange in late November 2020, Whitehorse Gold (TSXV: WHG) has made significant progress at its 100%-owned Skukum gold project in…
Outlook for base metals remains strong, analysts say
Haywood Securities is raising its price forecasts for copper this year from US$3.00 per lb. to US$3.50 per lb.; for zinc from US$1.10 per lb. to US$1.25 per lb.; and…
Developing a market for scandium oxide
If you blinked you might have missed the news last week but it was extraordinary: Rio Tinto (NYSE: RIO; LSE: RIO) and the Quebec government announced they are building a…