Evolution to buy Carnaby in $149M copper-gold deal
Evolution Mining (ASX: EVN) agreed to buy Carnaby Resources (ASX: CNB) in an all-stock deal valued at about A$213 million (US$149 million) that would give the Australian gold producer a…
gold mining
Agnico bets $60M more on stake in Lassonde-backed Cadillac in Abitibi
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is paying $60 million (US$43 million) for an additional stake in soon-to-be-listed Cadillac Mines (TSX: CADY) as Canada’s biggest miner strengthens its position…
McFarlane Lake drills long gold intercepts as MRE nears
New drilling by McFarlane Lake Mining (CSE: MLM; US-OTC: MLMLF) at its main Juby gold project in northeastern Ontario has continued to expand the scale of the property’s gold system…
Coeur doubles Mexico exploration budget to $158M
Coeur Mining (TSX, NYSE: CDE) plans to spend twice as much this year drilling in Mexico after reporting high-grade assays from its Palmarejo operation in Chihuahua state. The stock rose….
Getchell Gold sees $905M value for Fondaway Canyon
Getchell Gold (CSE: GTCH; US-OTC: GGLDF) says a revised preliminary economic assessment (PEA) for its proposed Fondaway Canyon open-pit gold mine in Nevada has boosted the project’s value by 67%…
Central Nevada Gold looks to revive Mule Canyon mine
Privately held Central Nevada Gold is working to reopen the past-producing Mule Canyon mine in the western U.S. state after acquiring the asset from Newmont (NYSE, ASX: NEM; TSX: NGT)….
Revival drills shallow gold at Mercur in Utah
New drilling by Revival Gold (TSXV: RVG; US-OTC: RVLGF) at its Mercur project in Utah has returned shallow gold as the company continues expanding mineralization and advancing the past-producing mine…
Montage sees Côte d’Ivoire’s Didievi as next gold asset
Montage Gold (TSX: MAU; US-OTC: MAUTF) says recent exploration work at its Didievi project in Côte d’Ivoire strengthens the case for what the company believes could become its next development…
Regis ends Vault chase, clearing way for Genesis deal
Australia’s Regis Resources (ASX: RRL) has abandoned its pursuit of Vault Minerals (ASX: VAU), clearing the way for Genesis Minerals’ (ASX: GMD) $3.9 billion (A$5.6-billion) takeover of the gold producer….
Canada’s 20-year mine timeline hits multibillion-dollar wall: report
Canada’s lengthy mine development process is putting billions of dollars in potential critical minerals investment at risk as competing jurisdictions move projects into production years faster, a new study suggests….
Fortuna bets $71M on Latin America gold growth
Fortuna Mining (TSX: FT; NYSE: FSM) plans to invest $71 million (C$101 million) in Argentina and Peru this year as the Canadian precious metals producer targets higher gold output and…
Osisko drilling extends Cariboo gold zones deeper
New drilling by Osisko Development (TSXV, NYSE: ODV) has extended high-grade gold zones at the Cariboo gold project in central British Columbia below the current resource envelope. Shares rose. Hole…