Iamgold surges on billion-dollar asset sales to fund Côté gold project in Ontario
Shares in Iamgold (TSX: IMG; NYSE: IAG) shot up 25% on Tuesday after it sold its latest portion of nearly US$1 billion in assets to build the Côté gold project…
Precious Metals
TSX drops during the Dec. 12-16 trading week
Stocks fell during the Dec. 12-16 trading period as the U.S. Federal Reserve increased interest rates again to fight high inflation and retail sales figures disappointed analysts. Markets were volatile. …
TSX Venture steady over Dec. 12-16 trading week
The S&P/TSX Venture Composite Index retreated by 1.36 points or 0.2% over the Dec. 12-16 trading period to end at 576.26. Los Andes Copper lost 45¢ to $13.50 over the…
CMS 2022: Hecla steps up to meet ‘extraordinary demand growth path,’ says CEO Phil Baker
North America’s oldest silver miner, Hecla Mining (NYSE: HL), is set to consolidate its position as the continent’s primary silver leader. It is working to increase U.S. output by 20%…
Robex to restart Nampala gold mine in Mali after artisanal miner dies
Robex Resources (TSXV: RBX) was set to restart operations at its Nampala gold mine in Mali after a trespasser was killed on Thursday and work was halted temporarily, the company…
Probe Metals drills ‘record gold interval’ at Val-d’Or project in Quebec
Probe Metals (CVE: PRB) has drilled the highest-grade core yet at its Val-d’Or East project’s Monique deposit in Quebec as it prepares to expand its mineral resource estimate next month. Expansion…
Site visit: G2 Goldfields hopes to add to discovery count at Oko project in Guyana
When Dan Noone first visited Guyana in 2004, the capital Georgetown was a “sleepy place,” says the geologist and CEO of G2 Goldfields (TSXV: GTWO). “There weren’t many cars on…
TNM Drill Down: Torex leads week’s top assays with El Limón project in Mexico
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by g‹old grade x width, as identified by our sister company…
World Gold Council sees positive 2023 outlook for gold amidst global uncertainty
Despite an “unusually high level of uncertainty” surrounding consensus expectations for 2023, on balance, a “mixed set of influences implies a stable but positive performance for gold,” the World Gold…
Argonaut Gold to sell Ana Paula project for US$30M to Heliostar
Argonaut Gold (TSX: AR) has inked a deal with Heliostar Metals (TSXV: HSTR) to sell its Ana Paula gold project in Guerrero state, Mexico for US$30 million in cash and…
Global Exploration Snapshot: Eight companies to watch
While the search for new gold deposits across the world never lets up, explorers are picking up the pace seeking out critical minerals. Here’s a glimpse of eight companies exploring for precious and…
New Found’s Queensway drilling lifts explorer back into billion-dollar territory
New Found Gold‘s (TSXV: NFG) high-grade Queensway project in central Newfoundland may be fundamentally altered after surprising drilling results from a zone it nearly dismissed. This week the Vancouver-based…