Centerra backs Dryden Gold with $3.4M for 9.9% stake
Ontario-focused Dryden Gold (TSXV: DRY; USOTC: DRYGF) received a boost on Tuesday after it said Centerra Gold (TSX: CG; NYSE: CGAU) will be taking up a 9.9% equity stake in…
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London Symposium: Rule, Roosen call for smarter junior mining investment
“No one ever won the Kentucky Derby with the best jockey on a donkey,” Osisko Development (TSXV: ODV; NYSE: ODV) founder and CEO Sean Roosen told an industry event last…
Namib Minerals’ to debut on Nasdaq after US$500M deal for Zim gold mines
Namib Minerals is to become the next Nasdaq-listed gold miner after Africa’s largest-ever shell company acquisition, which concerns a mine and three past-producing projects in Zimbabwe. The proposed US$500-million merger with…
GoviEx initiates arbitration against Niger in uranium permit dispute
GoviEx Uranium (TSXV: GXU; USOTC: GVXXF) is going to arbitration with Niger for revoking its permit on the feasibility-stage Madaouéla project, one of the world’s largest uranium developments. Niger’s military…
Lundin sells European mines to Boliden for US$1.3B
Canada’s Lundin Mining (TSX: LUN) is selling its Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden to Boliden (STO: BOL) for US$1.3 billion in upfront cash, with potential…
Germany to backstop Savannah’s spodumene lithium project in Portugal
Germany’s export credit agency Euler Hermes has signed a non-binding letter of interest for a project finance loan guarantee of up to US$270 million for Savannah Resources (LSE: SAV) to…
London Symposium: Beaty, McEwen, O’Toole urge mining firms to lead climate crisis fight
Sustainable mining must be the new normal to boost earnings and convince a skeptical public about the industry’s importance to combat global warming as the world enters a metals trade…
Torex Gold plunges after gas leak kills three at Mexican underground mine
Torex Gold Resources (TSX: TXG) says a fatal carbon monoxide gas leak at its El Limón Guajes (ELG) underground mine in Guerrero state, Mexico has claimed the lives of three…
Quebec appeals ruling that scuttles online mapping claims due to Indigenous rights
In many mining jurisdictions across Canada, exploration companies can go online to a government-maintained web portal and designate on a map the claims they wish to explore. By clicking and…
London Symposium: Quebec out in front of green energy transition with support for tech, miners
Transitioning away from fossil fuel usage calls for greater collaboration between government and industry to meet the huge demands on critical minerals mining for producing low-carbon technologies. In Canada, the…
SSR to be 3rd-biggest US gold miner with Cripple Creek & Victor deal
The miner announced the acquisition of CC&V in Colorado from Newmont on Friday.
Wheaton strikes US$175M streaming deal for Ethiopia’s first commercial gold mine
Wheaton Precious Metals (TSX: WPM; NYSE: WPM) has reached a streaming deal with Allied Gold (TSX: AAUC) for the Kurmuk gold project in western Ethiopia. Under the agreement, the Canadian…