Mountain Province arranges $50M alternative diamond sale
With the diamond trade still largely shut down due to the coronavirus pandemic, Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD) has found a way to bring in much-needed revenue with…
Canada
Eldorado Gold constructs $24M tunnel at Lamaque
Eldorado Gold (TSX:ELD; NYSE:EGO) has started construction of a US$24-million tunnel at its sole Canadian operation, the Lamaque gold mine in Quebec, which will allow the company to grow production…
Pure Gold to restart drilling in Red Lake
Pure Gold Mining (TSXV: PGM; LSE: PUR) is starting a 30,000-metre underground and surface diamond drill program at its wholly owned PureGold Red Lake mine. The program will be focused…
Callinex discovers new silver zone at Nash Creek
Drilling at Callinex Mines’ (TSXV: CNX; US-OTC: CLLXF) 118-sq.-km Nash Creek project in the Bathurst mining district of New Brunswick has encountered a new zone of silver mineralization, 9.6 km…
YMP launches $61.5K scholarship fund, including new lottery scholarship
The Young Mining Professionals (YMP) has announced the 2020 launch of its YMP Scholarship Fund, with a total of $61,500 available for the 2020-21 academic year for students studying mining-related…
Probe Metals extends gold zones at Val-d’Or East
Probe Metals (TSX: PRB; US-OTC: PROBF) has released assay results for drill holes completed at its wholly owned Val-d’Or East property, which covers 119 sq. km near Val-d’Or, Quebec. According…
Osisko Mining raises $150M in bought deal
Osisko Mining (TSX: OSK) has entered into an agreement with Canaccord Genuity and Eight Capital as co-lead underwriters of a syndicate, which has agreed to purchase, on a bought-deal private…
The Northern Miner Podcast – episode 189: First Cobalt CEO Trent Mell on electric vehicles, cobalt demand and working with Glencore
This episode features First Cobalt CEO Trent Mell in conversation with Northern Miner group publisher Anthony Vaccaro at The Northern Miner Scotch Whisky Tasting event held on Zoom. Trent discusses…
Centerra Gold kicks off commercial mining in Turkey
Centerra Gold (TSX: CG) has declared commercial production at its Öksüt mine in Turkey, four months after it poured first gold at the operation. The Toronto-based company now has three…
Genesis Metals drills Chevrier gold project in Quebec
Genesis Metals (TSXV: GIS) has released assay results for four holes completed at its 290-sq.-km Chevrier gold project near Chibougamau, Quebec. The drill highlights include 20 metres of 1.36 grams…
Iamgold buys Monarch Gold’s Fayolle for $11.5M
Monarch Gold (TSX: MQR) is selling its Fayolle property in western Quebec to Iamgold (TSX: IMG; NYSE: IAG) in a cash and share deal valued at $11.5 million. The Montreal-based…
TSX Venture rises, May 25-29: Searchlight Resources, Ely Gold Royalties, Azimut Exploration
The S&P/TSX Venture Composite Index rose by 2.20% to finish the trading week at 553.77. Spot gold ended the week at US$1,728.70 per oz., a fall of US$4.00 per oz….