Editorial: Brexit vote stokes gold rally
With all the political turmoil surrounding the United Kingdom’s surprise, non-binding vote in a June 23 referendum to leave the European Union, the world has certainly learned a few lessons….
Europe
Dundee Precious Metals to start construction at Krumovgrad in Q3
Updating investors on its Krumovgrad gold project in southern Bulgaria, Dundee Precious Metals (TSX: DPM) says it could start construction before October and has revised its construction capital cost estimate…
It’s official: Lydian to start construction at Amulsar
Lydian International (TSX: LYD) has decided to build Armenia’s largest gold mine, with the first gold pour anticipated in 20 months. The company has more than 80% of the financing…
Rock Hounds
Diamonds in Canada’s annual roundup of Canadian-listed producers, developers and active juniors Alto Ventures Alto Ventures (TSXV: ATV) has negotiated more time to earn a 60% stake in the GEFA…
Agnico drills prospects across Canada, Sweden and Mexico
VANCOUVER — Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has reported another strong quarter to start 2016, and it is giving the market a more detailed look into its exploration portfolio that…
Lead and zinc demand set to rise strongly in 2016, says ILZSG
The following is an edited release by the International Lead and Zinc Study Group (ILZSG), which held its spring meetings in Lisbon, Portugal, on April 27. For lead, the ILZSG…
Eldorado to sell Jinfeng to China National Gold
VANCOUVER — Eldorado Gold (TSX: ELD; NYSE: EGO) is the largest foreign gold producer in China, with three of the company’s six producing mines operating in the country. But that…
Nevsun trumps Lundin bid for Reservoir
VANCOUVER — There had been ample speculation on when Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) would mobilize its substantial capital position in the mergers and acquisitions arena, and on April 24,…
Eldorado CEO sees more ‘constructive relationship’ in Greece
VANCOUVER — Eldorado Gold (TSX: ELD; NYSE: EGO) has been at loggerheads with the Greek government over permits, and the firm’s sociopolitical troubles in the country were a major contributor to a…
TSX Venture rallies to six month high, Feb. 29-March 4
The S&P/TSX Venture Composite Index broke a six-month high, jumping 4%, or 24.33 points, to a 562.39-point close, on the back of surging commodity prices. Spot gold rallied 2.9% to…
Lundin Mining takes a US$262M shot at Freeport’s stake in Cukaru Peki
VANCOUVER — Mid-tier base metals producer Lundin Mining (TSX: LUN; US-OTC: LUNMF) has been hungry for copper over the past two years, and it hopes to be picking up a future copper…
Continental Gold confirms Buritica’s strong economics
A feasibility study on Continental Gold’s (TSX: CNL; US-OTC: CGOOF) Buritica gold-silver project in Antioquia, Colombia, confirms strong economics for a high-grade underground mine. BMO analyst Brian Quast comments the study…