Dearth of quality new gold discoveries to crimp supply — report
In recent years, gold discoveries around the world have become more scarce and smaller in size, dampening the outlook for future supply of the metal, according to the latest analysis…
Precious Metals
Atlantic Mining to pay Nova Scotia $80M gold mine clean-up bond as it appeals conditions
The Nova Scotia subsidiary of Australia’s St Barbara (SBM:ASX) says the province has agreed to accept the remaining $38.7 million of a bond by the end of the month for cleaning…
Wheaton Precious Metals unveils US$1M tech challenge
Wheaton Precious Metals (TSE: WPM) and Foresight Canada are launching the Future of Mining challenge, offering a US$1-million prize for groundbreaking technology. The competition, which is open to cleantech companies from…
Beaver Creek: Rule, Hathaway, Giustra reflect on surging gold price, humdrum equities
Beaver Creek, Col. – Industry leaders debated the roles of economic uncertainty, inflation and monetary policy in driving gold to a record high this week even as many gold equities…
Beaver Creek: Fury Gold CEO slams market for stalled share price despite Quebec discovery
Beaver Creek, Colo. – Fury Gold Mines (TSX: FURY; NYSE: FURY) CEO Tim Clark says the market is undervaluing the company’s portfolio despite delivering a resource expansion and recent exploration…
Dundee drilling near Čoka Rakita suggests camp-style copper-gold potential
Regional drilling at targets just north of the Čoka Rakita deposit in Serbia show the potential for finding more high-grade copper and gold at the project, Dundee Precious Metals (TSX:…
McEwen’s strong shallow Grey Fox assays prep expansion bid in Timmins gold zone
McEwen Mining (TSX: MUX; NYSE: MUX) says drill results at its Grey Fox gold deposit bode well for developing the wider Fox complex of historical mines and exploration sites in northeast…
AngloGold Ashanti to buy Centamin for US$2.5 billion
Deal hands AngloGold Egypt’s largest and first modern gold mine, and will make it the world’s no.4 producer of the precious metal.
Great Bear PEA suggests multi-decade Kinross gold mine in Ontario
When Kinross Gold (TSX: K; NYSE: KGC) bought the Great Bear project in northern Ontario’s prolific Red Lake district two and a half years ago, its thinking was to acquire…
Newmont sells Telfer, Havieron stake to Greatland Gold for US$475M
As part of its efforts to offload non-core assets, Newmont (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) has agreed to sell its Telfer mine and a 70% stake in…
EV slump powers platinum supply deficit, miners say
The third-lowest platinum mining output this century can’t keep up with rising investment demand, jewelry and a sustained traditional car market using catalytic converters, according to an industry group. A…
Snowline’s Valley adds to golden results streak in Yukon
Drill results from Snowline Gold’s (TSX-V: SGD; US-OTC: SNWGF) Valley target in eastern Yukon returned some of the highest grades yet at the deposit, while regional exploration has revealed two new…