BMO raises long-term precious metal price forecasts
BMO Capital Markets has hiked its long-run gold and silver price forecasts to US$1,400 per oz. and US$18.25 per oz., increases of 16.7% and 5.8%, respectively. The bank’s long term…
Gold
Hudbay increases exposure to gold in Canada
After beginning the year by formally appointing Peter Kukielski as its CEO, and this month settling a long-drawn-out boardroom battle with its second-largest investor, Canadian copper producer Hudbay Minerals (TSX,…
Streaming company Nomad Royalty lists on TSX
Nomad Royalty, a new precious metals royalty and streaming company, will begin trading on the TSX on May 29, after completing a reverse takeover and acquiring the royalty portfolio of…
Wesdome Gold plans low-cost mine at Kiena
Wesdome Gold Mines (TSX: WDO) has released a preliminary economic assessment (PEA) for its wholly owned Kiena mine complex, 15 km northwest of Val-d’Or and 100 km east of Rouyn-Noranda…
O3 Mining to raise $35M for Quebec exploration
O3 Mining (TSXV: OIII) has entered an agreement with a syndicate of underwriters to raise $35 million (upsized from $30 million) for exploration at its projects in Quebec and for…
Marathon Gold a ‘takeover target’ says National Bank Financial
Marathon Gold (TSX: MOZ; US-OTC: MGDPF) has completed a bought deal financing raising $34.5 million that will be spent on permitting, development and exploration at its wholly owned Valentine gold…
Maple Gold Mines extends gold mineralization at Douay
Drilling within the Porphyry zone at Maple Gold Mines’ (TSXV: MGM; US-OTC: MGMLF) 355-sq.-km Douay project in northern Quebec has intersected mineralization outside of the existing resource model. The company…
Lundin Gold to raise $50M in bought deal financing
BMO Capital Markets will buy 4.15 million common shares of Lundin Gold (TSX: LUG) at $12.05 per share in a bought deal financing that will raise $50 million for the…
Silver One expands Candelaria in Nevada
Drilling at Silver One Resources’ (TSXV: SVE; US-OTC: SLVRF) Candelaria project in Nevada has expanded higher-grade mineralization between the past-producing Mount Diablo and Northern Belle pits at depth and confirmed…
Gran Colombia terminates bid for Guyana Goldfields
Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) has walked away from its proposed acquisition of Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) and terminated its plan of arrangement for a three-way…
AngloGold Ashanti confirms 196 COVID-19 cases at Mponeng in South Africa
AngloGold Ashanti (NYSE: AU) has temporarily closed its Mponeng mine in South Africa after 196 workers tested positive for COVID-19. The company has conducted 651 tests since the first COVID-19…
Northern Dynasty announces new plan at controversial Pebble project
Northern Dynasty Minerals (TSX: NDM) has welcomed a change of plan for its Pebble project in Alaska’s Bristol Bay region, which would now include an all land-based transportation route to…