Alrosa digs up Russia’s largest coloured diamond
Alrosa, the world’s top diamond miner by output, has found a 236-carat rough diamond of deep amber colour at one of its mines in Russia’s northeastern region of Yakutia. The…
Fast News
Unigold drills high-grade intercept at Nieta in Dominican Republic
The longest and highest-grade intercept drilled so far at Ungiold’s (TSXV: UGD) Nieta concession in the Dominican Republic “suggests that sulphide mineralization may have a steeper plunge to the northeast…
Albemarle to close two lithium facilities in the US
U.S. miner Albemarle (NYSE: ALB), the world’s top lithium producer, said this week it would temporarily shut two operations due to weaker demand for the commodity used in batteries that…
Moneta extends 55 deposit at Golden Highway
The most recent five drill holes (and one redrilled hole) reported from Moneta Porcupine Mines’ (TSX: ME; US-OTC: MPUCF) Golden Highway project, 110 km east of Timmins, extend the mineralization…
Minera Alamos buys Cerro de Oro gold project in private sale
Canada’s Minera Alamos (TSX-V: MAI) is expanding its footprint in Mexico by acquiring the Cerro de Oro gold project in the north-central state of Zacatecas, its third asset in the precious metals-rich country. The…
Torex posts ‘solid’ Q2; updates 2020 guidance
Mexico-focused producer Torex Gold Resources (TSX: TXG) released its second quarter financial results and updated production guidance for the year: with 59,508 oz. gold generated in the quarter, the company…
B of A forecasts US$3,000 gold, US$35 silver on ‘financial repression’
In April, Bank of America Global Research increased its 18-month price target on gold from US$2,000 per oz. to US$3,000 per oz. and forecast an average gold price in 2020…
Gold breaks US$2,000 to all-time record high
Gold’s rally took another upturn on Tuesday, as it surpassed US$2,000 per ounce. By midday, spot gold had hit US$2,009.20 per oz., and at press time in Toronto had reached…
Barrick, Skeena reach deal on Eskay Creek
Barrick Gold (TSX: ABX; NYSE: GOLD), the world’s second-largest bullion miner, said today that Canadian junior Skeena Resources (TSX-V: SKE) has decided to exercise an option to acquire a 100%…
Pan American expands La Colorada deposit in Mexico
Silver producer Pan American Silver (TSX: PAAS; NYSE: PAAS) has updated the resource estimate for the La Colorada skarn deposit near its wholly owned La Colorada underground mine in Mexico’s…
Star Diamond reports sample results as Rio Tinto legal battle looms
Star Diamond (TSX: DIAM) has begun to receive results from Rio Tinto‘s bulk-sampling program at the Star-Orion South project in central Saskatchewan. Rio so far has processed material from four…
Kirkland Lake beats earnings estimates; reissues 2020 production guidance
Kirkland Lake Gold (TSX, NYSE: KL; ASX: KLA) on July 30 reported strong financial and operating results for the second quarter of 2020, despite disruptions caused by Covid-19. Adjusted net…