McEwen Mining borrows US$50M for Gold Bar construction
McEwen Mining (TSX: MUX; NYSE: MUX) has closed a US$50 million senior secured 3-year term loan first announced in late May, with the funds earmarked for completion of construction at…
United States
Alio’s Q2 hampered by lower gold grades
Alio Gold (TSX: ALO; NYSE: ALO) reported higher production costs and lower metal revenues in 2018’s second quarter compared to the same quarter in 2017, largely due to complications at…
Hecla scores US$12M profit in Q2
Precious metals miner Hecla Mining (NYSE: HL) has posted a second quarter profit of US$11.9 million on sales revenue of US$147.3 million, powered in large part by a significant decline…
Franco-Nevada teams with oil firm Continental Resources to buy mineral rights
Franco-Nevada (TSX: FNV; NYSE: FNV) and Continental Resources (NYSE: CLR) have struck a strategic relationship to jointly buy mineral rights in the Scoop and Stack oil & gas plays in Oklahoma….
Coeur to acquire Northern Empire in $117M deal
Coeur Mining (NYSE: CDE) is buying Northern Empire Resources (TSXV: NM; US-OTC: PSPGF) and its 143 sq. km Sterling gold project, located 185 km from Las Vegas in the Walker Lane…
Aquila tables feasibility study for Back Forty in Michigan
Nearly two months after receiving its final environmental permit, Aquila Resources (TSX: AQA; US-OTC: AQARF) has tabled a positive feasibility study for its Back Forty polymetallic project, located 19 km…
McEwen increases gold production in Q2
McEwen Mining (TSX: MUX; NYSE: MUX) has reported strong second quarter financial and production results, largely building on last year’s results. The company produced 36,959 oz. gold in the second…
Orford buys Condor Precious Metals, bags $1.3 million
Toronto-based gold junior Orford Mining (TSX-V: ORM) has completed its acquisition of privately held Condor Precious Metals Inc., which holds $1.25 million in cash and marketable securities plus two royalties…
BHP exits US shale business with US$10.5B sale to BP
In a deal with deep implications for both seller and buyer, the world’s largest mining company BHP Billiton (NYSE: BHP) has sold the bulk of its onshore U.S. oil and gas…
OceanaGold tables strong financials despite production dip
Melbourne-based gold miner OceanaGold (TSX: OGC; ASX: OGC) has recorded a particularly robust first half of the year, with profits rising up 45%, revenue up 21%, and debt cut in…
Newmont buys 50% stake in Galore Creek from NovaGold
Newmont Mining (NYSE: NEM) has acquired NovaGold Resources’ (TSX: NG; NYSE-AM: NG) 50% stake in the Galore Creek copper-gold project in B.C. for staged payments of up to US$275 million….
US Dept. of Commerce launches investigation of uranium imports
If the U.S. Trump administration extends its trade war to uranium it would be bullish for equities with U.S.-based assets, Haywood Securities commented in a uranium sector update. U.S. Commerce…