World Bank tribunal rules against Canada’s Montauk in dispute with Colombia
A World Bank tribunal has ruled in favour of Colombia in a feud with Canada’s Montauk Metals (TSXV: MTK). A mining ban imposed by the Gustavo Petro administration on the…
Gold
Southern Silver study ups Mexico project NPV, mine life
An updated preliminary economic assessment (PEA) for Southern Silver Exploration’s (TSXV: SSV) Cerro Las Minitas project in Mexico shows improved economics and added 2.6 years to the mine life. The…
American Creek gains on $210M sale of Treaty Creek stake in BC
Shares in American Creek Resources (TSXV: AMK) shot up Friday on the news it entered into a non-binding letter of intent with private company Cunningham Mining to acquire all of…
Nigerian illegal mine collapse kills 20
Heavy rains caused an open-pit mine collapse in Nigeria that killed at least 20 people and trapped 14 others, according to local Channels Television, which cited police. Rescuers were hampered…
Firms track Congo gold with blockchain
Two companies are partnering to export conflict-free artisanal gold from the Democratic Republic of Congo using a blockchain-based platform. Society Artisanal, a company that works with artisanal mining cooperatives, has joined with…
SolGold inks contract for Ecuador’s biggest project
SolGold (LSE, TSX: SOLG) signed a decades-long deal with the Ecuadorian government for the country’s largest-ever mining project, the US$3.2 billion Cascabel copper-gold mine. The shares gained a penny to…
Gemfields studies 2 grams-a-tonne gold in Mozambique
Africa-focused Gemfields (LSE: GEM; JSE: GML), known by its emeralds and rubies, has produced its first resource estimate for the Nairoto gold project in Mozambique showing high grade from a…
Maritime’s Hammerdown set for re-start decision
Maritime Resources TSXV: MAE; US-OTC: MRTMF) says it has all major permits to restart the former Hammerdown gold mine in Newfoundland and Labrador. The company has completed clean up at…
B2Gold nets US$90M stake in Versamet after royalty package sale
Canadian gold major B2Gold (TSX: BTO; NYSE-AM: BTG) has agreed to sell a portfolio of 10 precious and base metals revenue shares to Sandbox Royalties, to be renamed Versamet Royalties,…
Atlantic Mining sees Touquoy mine as green energy hub
Atlantic Mining Nova Scotia, a subsidiary of St Barbara (ASX: SBM), has kicked off a program to explore the feasibility of converting the now closed Touquoy gold mine in Moose…
JV Article: G2 Goldfields set for meteoric growth in heart of regional M&A boom
G2 Goldfields (TSXV: GTWO; US-OTC: GUYGF) updated its resource for the OKO-Aremu project in Guyana in April and plans to do so again by year’s end to reflect the increase in contained…
Most energy and mining projects 20% in the red: study
Miners and energy companies are facing average budget overruns of 15% to 20%, which puts nearly US$1.5 billion of capital invested in energy transition-related projects at risk each year through…