Cascadia Minerals soars on fund manager financing
Cascadia Minerals’ (TSXV: CAM) shares soared on Monday after the junior miner announced a $3.2 million private placement led by Michael Gentile, who plans to raise his stake to 9.99%…
Gold
Heavy storms wash out Australian gold production
Gold output in Australia fell 9% in the first quarter after tropical storms flooded mines and halted some operations, consultancy Surbiton Associates says in a new report. Gold production dropped from…
TNM Drill Down: Red 5 hits triple-digit gold at Darlot
Our TNM Drill Down features highlights of the best gold assays of the May 24-31 period. Drill holes are ranked by gold grade x width as identified by data company Mining…
Strong returns at G2’s new Northwest target in Guyana
G2 Goldfields (TSX: GTWO; US-OTC: GUYGF) reported on Monday a new discovery at its Northwest (NW) OKO target in Guyana with intersections as strong as 8.5 grams gold per tonne…
New technocrat Mexican leader unlikely pro-mining even as she replaces ‘whim and bombast’
Claudia Sheinbaum, a climate scientist, won Mexico’s election to become the country’s first female leader and is expected to continue the anti-mining policies of outgoing President Andres Manuel López Obrador. …
MacDonald Mines pulls assays linked to former CEO Yarie, echoing Red Pine
Another Canadian gold junior who had Quentin Yarie as a former CEO is withdrawing its assays on a project because of inconsistencies. MacDonald Mines Exploration (TSX-V: BMK; US-OTC: MCDMF) said…
New Gold reports cores among best yet at New Afton as it hikes ownership
New Gold’s (TSX: NGD; NYSE: NGD) exploration drilling at the New Afton copper-gold mine in British Columbia has produced among the best intersections yet as the company looks to extend…
Founders finds near-surface gold at Antino in Suriname
Drilling at Founders Metals’ (TSXV: FDR; US-OTC: FDMIF) Antino project in southeast Suriname has returned strong near-surface gold mineralization as high as 8 metres grading 6.64 grams gold per tonne…
Silver Lake shareholders approve merger with Red 5
The A$2.2-billion ($1.5bn) deal creates Australia’s fifth largest gold producer.
Billions in African gold smuggled to UAE: report
As much as US$35 billion worth of gold produced by artisanal and small-scale mining in Africa, the world’s top bullion producing continent, goes undeclared and then smuggled out, a report…
Cabral Gold shares rise on top-three results ever at Cuiú Cuiú project in Brazil
Drilling at Cabral Gold’s (TSXV: CBR; US-OTC: CGBZF) Machichie target has returned some of the highest-grade assays at the Cuiú Cuiú project in northern Brazil, news that saw shares jump…
Southern Cross Gold more than doubles Sunday Creek drill program
Australia’s Southern Cross Gold (ASX: SXG) has reported 38 intersections with grades higher than 100 grams per tonne gold-equivalent over a metre’s width at its Sunday Creek project in Victoria,…