Gold price rockets to seven-year high
The gold price rallied again in spectacular fashion on Tuesday, as panicked investors scrambled for hard assets on the back of COVID-19 closures of mines and refineries and unprecedented monetary…
Mining
Radius Gold discovers historic silver mine in Mexico
Radius Gold (TSXV: RDU) has signed an option agreement to acquire a 100% interest in Plata Verde, a 3-sq.-km property north of its flagship Amalia gold-silver project in the state…
MegumaGold to merge with Osprey Gold
Canadian juniors MegumaGold (CSE: NSAU; US-OTC: NSAUF) and Osprey Gold Development (TSXV: OS; US-OTC: OSSPF), with projects in Nova Scotia’s largest historic bullion district, are merging their businesses to create…
Copper Mountain cuts output targets amid market rout, coronavirus fears
Copper Mountain Mining (TSX: CMMC) became the latest company to adjust its plans due to collapsing equity markets and near-term copper price uncertainty as a result of the rapidly spreading…
Nexa completes PEA for Hilarion in Peru
Nexa Resources (TSX: NEXA; NYSE: NEXA) has released a preliminary economic assessment (PEA) for a potential underground mine at its Hilarion project in Peru — one of the largest undeveloped…
PDAC: Investors increase scrutiny over ESG reporting
Among the many challenges facing the minerals exploration and mining industry, Environmental, Social and Governance (ESG) issues are receiving increased attention, with ESG programs now critical components of a company’s…
PDAC: Coronavirus weighs on mining outlook
It’s usually difficult to find a seat at the commodities session on the opening day of the Prospectors and Developers Association of Canada (PDAC) convention held in early March in…
Rio Tinto builds first solar plant in Western Australia
Rio Tinto (NYSE: RIO; LSE: RIO) will build a US$98 million solar plant to power its Koodaideri iron ore mine in Western Australia, about 35 km northwest of the company’s…
Egypt approves Aton Resources’ Hamama
Egypt has granted Aton Resources (TSXV: AAN) a mining licence for its Hamama development project — the second time in a decade that the government has greenlighted a mine since…
Agnico Eagle takes strategic stake in Rupert Resources
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is taking a 9.9% stake in Rupert Resources (TSXV: RUP) and the junior’s flagship Pahtavaara gold project, located 50 km away from Agnico’s…
AngloGold Ashanti sells South African assets to Harmony Gold
AngloGold Ashanti (NYSE: AU) is selling its assets in South Africa to Harmony Gold (NASDAQ: HMY) in a deal worth about US$300 million. Harmony Gold has nine underground operations in…
Bluestone secures US$30M, names Jack Lundin CEO
Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) has entered into a US$30 million credit facility led by the French financial services firm Natixis. “We were very pleased to receive support from…