Chris Stewart leaving Treasury to join McEwen Mining
Intermediate gold and silver miner McEwen Mining (TSX: MUX; NYSE: MUX) is picking up a new president and chief operating officer in the form of mining engineer Chris Stewart, who…
Fast News
Austral Gold sees mixed quarter in South America
Sydney, Australia-based Austral Gold (TSXV: AGLD; ASX: AGD) is reporting mixed results in quarterly production from its two precious metals mining complexes: the small Casposo gold-silver mine in Argentina; and…
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…
Tanzania Royalty updates PFS after government-forced review
Tanzanian Royalty Exploration (TSX: TNX; NYSE: TRX) has tabled an updated pre-feasibility study (PFS) for its Buckreef gold project in Tanzania with a reserve estimate. It replaces last year’s PFS,…
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…
Yamana set to exceed 2018 gold production guidance
Yamana Gold (TSX: YRI; NYSE: AUY) expects to exceed its previous 2018 production guidance of 900,000 oz. gold after achieving higher than expected production at its Chapada, Canadian Malartic, Jacobina…
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…
Cameco suspends production at McArthur River and Key Lake
Cameco (TSX: CCO; NYSE: CCJ) will indefinitely suspend production at its McArthur River and Key Lake uranium mines in Saskatchewan, and, as a result, permanently lay off 550 site employees….
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….
Barrick loses US$94M in Q2
Barrick Gold (TSX: ABX; NYSE: ABX) reported a net loss of US$94 million (8¢ per share) in the second quarter on revenues of US$1.71 billion. In the same quarter a…
McEwen Mining releases Black Fox drill results
Since acquiring the Black Fox complex in northern Ontario last October, McEwen Mining (TSX: MUX; NYSE: MUX) has set aside $15 million for exploration in 2018 to test for extensions…