US, Orion, Abu Dhabi plan $5B mining fund
The United States government has teamed up with Orion Resource Partners and Abu Dhabi’s ADQ to create a $1.8 billion fund to invest in critical minerals – another step in…
Mine Development
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…
Lithium Ionic boosts projected returns for Brazil project
Lithium Ionic (TSX-V: LTH; US-OTC: LTHCF) said a definitive feasibility study for its Bandeira project in eastern Brazil shows higher returns, lower capital costs and a longer mine life than…
BHP builds $10.6B Jansen mine for potash footprint
The biggest private investment in Saskatchewan history is nearing the finish line. BHP (NYSE, LSE, ASX: BHP) is more than 60% of the way towards completing stage one of the…
Newcore drilling reveals growth potential at Enchi
Newcore Gold (TSXV: NCAU; US-OTC: NCAUF) said drilling at its Enchi gold project in southwestern Ghana encountered multiple wide zones of higher-grade gold mineralization. Shares rose. Hole KBRC357 in the north-central…
G Mining sees improved economics at Guyana project
Canada’s G Mining Ventures (TSX: GMIN) said a new feasibility study for its Oko West project in northern Guyana demonstrates improved economics compared with initial calculations released last year. At…
Ivanhoe Electric lines up $825M loan for copper project
Ivanhoe Electric (TSX, NYSE: IE) said the United States export credit agency is interested in lending up to $825 million (C$1.15 billion) for the company’s Santa Cruz copper project in…
Dryden encounters ‘significant’ visible gold at Elora
Canadian junior miner Dryden Gold (TSXV: DRY; USOTC: DRYGF) says it encountered “significant” visible gold during deeper drilling at its Elora property in Ontario. The newly discovered section in hole…
Omai reports double-digit gold in Guyana
Omai Gold Mines (TSXV: OMG, OTCQB: OMGGF) says strong new assays will boost its Guyana site’s potential in a resource update due by mid-year. Hole 25ODD-101 at WeNot, one of two…
PDAC shows urgency of getting shovels in ground
Time is of the essence if miners are to deliver the minerals needed to power the energy transition. That sense of urgency was front and centre this week as Toronto…
Discovery Silver to buy Newmont’s Porcupine mine for US$425M
Newmont (NYSE: NEM, TSX: NGT) agreed to sell its Porcupine property in Ontario to Discovery Silver (TSX: DSV) for up to US$425 million in a deal poised to elevate the…