Local miner outbids Freeport for Colombia exploration
Colombia’s OP Gold Capital outbid U.S. copper giant Freeport-McMoRan (NYSE: FCX) for exploration rights in the country’s north, raising its offer to retain a 60-sq.-km block in Cesar. OP Gold…
Gold
Newmont prices Red Chris expansion at up to $4.8B
Newmont (NYSE, ASX: NEM) put a price of up to $4.8 billion (C$6.4 billion) on taking its Red Chris copper-gold mine underground in British Columbia, with commercial production targeted for…
New Found Gold doubles Queensway valuation to $1.7B
New Found Gold (TSX, NYSE-A: NFGC) has more than doubled the projected value of its Queensway gold project in Newfoundland to C$1.73 billion while expanding measured and indicated resources by…
Integra needs production jump to hit gold target
Integra Resources (TSXV: ITR; NYSE-A: ITRG) needs fourth-quarter gold production to rise at least 32% from the previous three months to meet its annual target, even after reporting a second…
Mining Forum video: B2Gold looks beyond Goose setbacks to cash growth
B2Gold (TSX: BTO; NYSE-A: BTG) aims to turn its troubled Goose mine in Nunavut into a 300,000-oz.-a-year gold producer once crushing upgrades are complete, President and CEO Mike Cinnamond says….
Mining Forum video: Garofalo’s Gold Royalty seeks growth without dilution
Gold Royalty (NYSE: GROY) aims to use growing income from its existing portfolio to finance acquisitions without fresh share sales, Chairman and CEO David Garofalo says. Ten assets now generate…
Boroo signs $140M deal for Yukon Eagle gold mine
Private entity Boroo has agreed to acquire Victoria Gold for up to $140 million (about US$100 million), advancing plans to potentially rehabilitate and restart its Eagle gold mine more than…
Ottawa finally matches $1B Ring of Fire funds
Ottawa has pledged up to $1 billion (US$712 million) to help build roads into Ontario’s Ring of Fire, backing a long-delayed route to undeveloped critical mineral deposits. The three-year commitment,…
Liberty Gold stretches Black Pine’s reach in Idaho
Liberty Gold (TSX: LGD; US-OTC: LGDTF) has drilled gold beyond the resource boundary at its Black Pine project in Idaho, outlining an extension that could increase the site’s resources. Drill…
Spain: Pan Global eyes copper riches in ancient belt
Pan Global Resources (TSXV: PGZ; US-OTC: PGZFF), led by former Rio Tinto (ASX, LSE, NYSE: RIO) exploration director Tim Moody, sees neighbouring plants as a potential route to copper production…
Mining Forum video: Majors are waking up to discoveries, fund manager says
Commodity Discovery Fund founder Willem Middelkoop is targeting new discoveries and mines nearing production to capture gains from a commodities rally he says could last for decades. The Netherlands-based fund,…
Serabi cuts gold outlook as Coringa permits stall growth
Serabi Gold (TSX: SBI; AIM: SRB) cut its annual production outlook about 17% after permit delays blocked a planned increase in gold output from its Coringa mine in Brazil. The…