Orla Mining expands to Canada with US$850M Newmont mine buy
Orla Mining (TSX: OLA) is buying Newmont’s (NYSE: NEM) Musselwhite gold mine in Ontario for US$850 million, enabling it to more than double production of the precious metal as prices…
Precious Metals
Russia’s Wagner Group linked to US$2.5B in illicit gold trading – report
The Wagner Group has earned over US$2.5 billion from illicit gold mining since the invasion of Ukraine, according to a report by the World Gold Council. The report, authored by former…
US Gold clears final hurdle for CK mine permit Wyoming, prefeasibility work underway
U.S. Gold Corp. (NASDAQ: USAU) cleared a major hurdle in the development of its CK gold project on Monday after securing approval from the Wyoming Department of Environmental Quality for…
Ecuador court gives green light for Silvercorp, Salazar’s El Domo project
Silvercorp Metals (TSX: SVM; NYSE: SVM) and partner Salazar Resources (TSXV: SRL) can now build the Curipamba-El Domo copper-gold project in Ecuador it acquired in July after clearing a legal…
Aya Gold & Silver rises on Zgounder optimism, despite Q3 miss
Aya Gold & Silver (TSX: AYA, US-OTC: AYASF) confirmed on Friday that delays in commissioning its expanded Zgounder mine dented its production in the third quarter, but said it’s on…
Exploration projects to watch: Eight companies hunting the globe for gold and critical metals
Exploration is the lifeblood of the mining industry and majors are always looking for junior explorers with prospective projects. Our snapshot this month looks at eight projects in Africa, Eastern…
Union files complaint against Orla Mining, alleging violation of worker rights in Mexico
The United Steelworkers union (USW) has filed a complaint against Orla Mining (TSX: ORLA NYSE: ORLA) over alleged violations of workers’ rights at the Camino Rojo gold and silver mine…
B2Gold hits bonanza gold at Goose; eyes extended mine life in Nunavut
Drill results from B2Gold’s (TSX: BTO; NYSE: BTG) Goose project in Nunavut, which is under construction and expected to yield first gold next year, may point to a longer mine…
Hummingbird says Pasofino Gold sale in the works
Hummingbird Resources (AIM: HUM) said Thursday the potential acquisition by an unnamed company of its 53%-owned subsidiary Pasofino Gold (TSX-V: VEIN) has been opened to more potential bidders. Pasofino Gold, which owns…
Exploration spending to stay flat despite Trump pledges, strong gold prices, S&P says
The amount spent to find new mineral sources may grow little next year, even if gold prices continue their record run and President-elect Donald Trump cuts red tape, according to…
Newcore cuts best gold grades yet at Enchi project in Ghana
Drilling at Newcore Gold’s (TSXV: NCAU, US-OTC: NCAUF) Enchi project in Ghana has returned the highest-grade gold intercepts in its 10-year history, the company said Wednesday. Hole KBRC301 cut 1…
Troilus signs LOI for US$500M German loan to support Quebec copper-gold project
The loan is contingent upon Troilus signing an off-take agreement with Aurubis.