G Mining gets Brazilian tax cut for gold mine
Authorities in Brazil have granted G Mining Ventures’ (TSX: GMIN; US-OTC: GMINF) main Tocantinzinho mine a reduced tax rate, a move that the Canadian company says will “materially enhance” profit…
gold mining
Omai Gold hits all-time TSX high on Guyana assays
Omai Gold Mines (TSXV: OMG; US-OTC: OMGGF) stock hit a new all-time high Friday after the company said new drilling at its namesake project in Guyana produced multiple high-grade intercepts….
Fortune Bay’s Goldfields project value jumps
Fortune Bay (TSXV: FOR; US-OTC: FTBYF) said an updated economic study for the company’s Goldfields project in Saskatchewan shows rising gold prices have resulted in a quadrupling of the past-producing…
Perseus gets Côte d’Ivoire OK to build gold mine
Perseus Mining (ASX, TSX: PRU) said it’s received presidential approval to develop and operate Côte d’Ivoire’s first underground mine. Shares rose. Côte d’Ivoire President Alassane Ouattara signed the decree authorizing…
Newmont to delist from TSX, citing low volumes
Gold mining giant Newmont (TSX: NGT; NYSE: NEM) said it plans to voluntarily withdraw its common shares from the Toronto Stock Exchange due to low trading volumes. The delisting is…
Lundin Gold says Beck to replace Hochstein as CEO
Lundin Gold (TSX, Nasdaq: LUG) said CEO Ron Hochstein will step down in November after 10 years in the role and make way for former Filo Corp. boss Jamie Beck….
OceanaGold books high-grade gold in South Carolina
New high-grade drill results from OceanaGold’s (TSX: OGC; US-OTC: OCANF) Haile mine in South Carolina show the company is making headway towards a goal of expanding the resource at its…
Centerra buys 9.9% of Liberty to expand Idaho bet
Centerra Gold (TSX: CG, NYSE: CGAU) agreed to buy 9.9% of Liberty Gold (TSX: LGD; US-OTC: LGDTF) for about $28 million to add a stake in a junior miner that’s…
Agnico rises on record quarterly profit, free cash flow
Agnico Eagle Mines (TSX, NYSE: AEM) shares rose after the Canadian miner reported record quarterly profit and free cash flow on the strength of rising gold prices. Adjusted net income…
McEwen to buy Canadian Gold for $73M
Canadian miner McEwen (TSX, NYSE: MUX) agreed to buy smaller rival Canadian Gold (TSX-V: CGC) to add the mothballed Tartan mine in Manitoba and exploration properties in Ontario and Quebec….
Equinox bonanza drilling may expand Nicaragua assets
Equinox Gold (TSX, NYSE-AM: EQX) said new drilling at its El Limon mine in Nicaragua yielded the highest-grade gold mineralization discovered to date on the property. Highlight hole EL-TMR-25-036, which…
Three BC miners rescued after 60 hours
Three workers who were trapped at Newmont’s (NYSE, ASX: NEM; TSX: NGT) Red Chris mine in northwest British Columbia, have been safely rescued after more than 60 hours underground. Kevin…