First Cobalt more than doubles holdings in Idaho
It has added Phoenix Copper’s Redcastle asset to its Iron Creek cobalt project through an earn-in agreement for 224 hectares of property, expanding its land position to over 1,820 hectares.
Fast News
Pandemic lops 8% off mining capex spend in 2020 — report
New research by S&P Global Market Intelligence has found that among more than 400 mining companies examined, actual capital expenditures fell 8% in 2020 regional lockdowns forced work stoppages and placed global…
First Majestic takes foothold in Blackrock Silver
First Majestic Silver (TSX: FRI; NYSE: AG) is investing $1.3 million in Blackrock Silver (TSXV: BRC; US-OTC: BKRRF), which has a portfolio of gold and silver properties in Nevada. First…
Mako nears commercial gold production in Nicaragua
Mako Mining (TSXV: MKO; US-OTC: MAKOF) says its San Albino gold project in northern Nicaragua may reach commercial production at the end of the second quarter. The 5000-tonne per day…
Wesdome expands Kiena Footwall zone, possible mining restart by year-end
Underground drilling by Wesdome Gold Mines (TSX: WDO) at the Kiena mine complex in Val d’Or, Quebec has expanded the high grade Footwall zone over 300 metres down plunge. Drilling…
SQM shuns fears of higher taxes in Chile, fast-tracks expansions
SQM (NYSE: SQM), the world’s No. 2 producer of lithium, doesn’t seem worried about potential higher taxes for miners in copper powerhouse Chile, as it is pushing ahead with planned…
Sprott and New Found Gold increase positions in Labrador Gold
Labrador Gold (TSXV: LAB) has closed a non-brokered private placement, raising $15 million from the sale of 16.7 million working capital units at a price of $0.90 each. A single unit…
Marathon raises $50m for Valentine project
Marathon Gold (TSX: MOZ) is raising $50 million (US$41.27 million) in a private placement to support exploration and development activities at its Valentine gold project in Newfoundland. A single institutional…
Iamgold to restart Westwood in second half of 2021
Iamgold (TSX: IMG, NYSE: IAG) has confirmed it will resume operations at its Westwood underground mine in southwestern Québec in the second half of the year. The gold mine has been…
Barksdale acquires Arizona copper projects from Rio Tinto
Barksdale Resources (TSXV: BRO) has entered an definitive agreement to acquire two copper exploration projects located in Santa Cruz County, Arizona, from Kennecott Exploration Company, a wholly owned subsidiary of…
Zambia reinstates GoviEx’s Chirundu licence
The Zambian government has reinstated the mining licence for GoviEx Uranium’s (TSXV: GXU; US-OTC: GVXXF) Chirundu property, part of the junior’s Mutanga project. The licence was cancelled in July 2020…
Kirkland Lake reports strong Q1 for 2021
Although gold volumes were down slightly, Kirkland Lake Gold (TSX: KL; NYSXE: KL; ASX: KLA) reported strong first quarter results for 2021. Production of 302,847 oz. exceeded the top end…