Fortescue Metals ups stake in Candente Copper
Australian iron ore major Fortescue Metals Group (ASX: FMG) has invested $1.38 million (US$984,000) in Candente Copper (TSX: DNT), increasing its stake in the Canadian junior from 9.7% to 19.92%….
South America
Caldas Gold to acquire Juby gold project in Ontario
Colombia-focused Caldas Gold (TSXV: CGC) is casting its eyes on Canada with plans to acquire the Juby gold project, 11 km southeast of the Timmins gold camp in Ontario in…
McEwen Mining posts $99M loss on Gold Bar write-down
McEwen Mining (TSX: MUX; NYSE: MUX) posted a net loss of US$99.2 million, or US25¢ per share, for the quarter ended March 31, primarily due to a US$83.8 million impairment…
Newmont restarts mines as restrictions ease
With restrictions on mining due to the coronavirus pandemic starting to ease, Newmont (TSX: NGT; NYSE: NEM) is back on track with all but one of its mines – Musselwhite…
Tianqi Lithium to sell stake to raise cash
Tianqi Lithium, China’s top producer of the battery metal, says its controlling investor has put a sixth of its holding up for sale. The move, the Shenzhen-listed lithium miner said…
US markets fall, May 11-15: Franco-Nevada, Hecla, Coeur, Newmont
As decisions about reopening businesses continued to vary from state to state in the U.S., the Dow Jones Industrial Average fell 2.73% to 23,685.42, while the S&P 500 dropped 2.31%…
TSX rises, May 11-15: Victoria Gold, Loncor Resources, Guyana Goldfields, First Quantum
After starting the May 11-15 trading week with some gains, the S&P/TSX Composite Index closed down 2.24% to 14,638.90. Spot gold continued to rise, ending the week at US$1,742.20 per…
JV Article: Tempus Resources funds gold exploration in Canada and Ecuador with A$4M raise
Australia-based Tempus Resources (ASX: TMR) has raised A$4 million (US$2.6 million) in a private placement to fund exploration work at its Blackdome-Elizabeth project in B.C., Canada and at its Zamora…
Guyana Goldfields rejects Gran Colombia merger offer, supports Silvercorp bid
Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) has rebuffed an unsolicited proposal from Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) for an all share, three-way merger that includes Gold X Mining…
South America Snapshot: Eight companies active in the region
South America’s prospective geology, established mining jurisdictions and well-developed infrastructure encourage companies to explore, develop and operate projects in the region. Below, we provide an overview of eight companies with…
Gran Colombia proposes merger with Guyana Goldfields following Silvercorp bid
Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) has emerged as the latest suitor eyeing Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) in a recently tabled three-way merger proposal that includes its…
SSR Mining and Alacer Gold to merge in all-share deal
Executives at SSR Mining (TSX: SSRM; NASDAQ: SSRM) and Alacer Gold (TSX: ARR; ASX: AQG) started talking about a possible merger of the two companies in November 2019, and completed…