Orezone lands US$105M to expand Bomboré gold mine
Orezone Gold (TSX: ORE; US-OTC: ORZCF) has secured US$105 million in funding commitments to expand its flagship Bomboré gold mine in Burkina Faso, which achieved commercial production in late 2022….
Gold
Barrick to boost Mali exploration as regulations shift
Barrick Gold (TSX: ABX; NYSE: GOLD) is actively working to expand its exploration activities in Mali to ensure the long-term sustainability of its Loulo-Gounkoto operation, CEO Mark Bristow said yesterday…
Nexa Resources in talks to sell Peru copper project
Latin America-focused Nexa Resources (NYSE: NEXA), which operates the largest underground zinc mine in Peru, Cerro Lindo, is in talks to sell its Pukaqaqa copper project in the Andean country. The miner said in a note to the…
West Red Lake Gold Mines hits high grades at Madsen
West Red Lake Gold Mines (TSXV: WRLG; US-OTC: WRLGF) reported high-grade results from drilling at its Madsen mine in Ontario’s Red Lake Gold District, as the company looks to restart the…
Indonesia mine landslide kills 10, with dozens missing
The incident affected small-scale gold miners and it was triggered by ongoing heavy rain.
Ramp Metals plunges after new gold assays in Saskatchewan
Ramp Metals (TSXV: RAMP) shares fell 25% on Monday after it reported assay results from its Rottenstone SW project in Saskatchewan that were a fraction of the mineralization in a…
Silvercorp deal for Adventus hits roadblock
Silvercorp Metals (TSX: SVM) says it’s reviewing plans to acquire Adventus Mining (TSXV: ADZN) after a local lawsuit challenged the target company’s environmental permit for its project in Ecuador. The…
Westgold’s buyout of Karora gets ISS blessing ahead of shareholder vote
Canada’s Karora Resources (TSX: KRR; US-OTC: KRRGF), the target of a A$1.2-billion (US$830 million) acquisition by Australia’s Westgold Resources (ASX: WGX), said on Monday a leading independent proxy advisory firm…
Skeena court win overturns ‘incomprehensible’ 2022 tailings ruling
The miner has successfully appealed a prior decision regarding ownership of waste rock and tailings from the British Columbia mine.
No cyanide risk to drinking water after Victoria Gold accident, Yukon government says
Drinking water is safe to consume after the heap leach pad (HLP) accident last week at Victoria Gold’s (TSXV: GCX) Eagle mine in Yukon, a health official said Thursday, but…
BHP cuts employee incentives by 20% globally – report
BHP (LSE: BHP; NYSE: BHP; ASX: BHP), the world’s largest miner is reportedly reducing by 20% short-term incentives offered for the 2023-24 fiscal year to all employees, the Australian Financial…
Orla files for arbitration against Panama and First Quantum could be next
Vancouver-based Orla Mining (TSX: OLA; NYSE: ORLA) has filed for international arbitration against Panama over the cancellation of permits for its Cerro Quema gold project. The company is seeking damages…