TSX drops June 8-12: Barrick, Starcore, B2Gold
Concerns about a new surge of coronavirus infections sent the S&P/TSX Composite Index down 3.77%, or 597.50 points, to finish the June 8-12 trading week at 15,256.57. Spot gold rose…
Silver
Evrim Resources and Renaissance Gold join in ‘merger of equals’
Evrim Resources (TSXV: EVM) is combining forces with Renaissance Gold (TSXV: REN; US-OTC: RNSGF) in a ‘merger of equals’ and forming a new company called Orogen Royalties that will focus…
New Gold sells Blackwater to Artemis for $190M in cash
New Gold (TSX: NGD; NYSE-AM: NGD) is selling its Blackwater project in central B.C. to Artemis Gold (TSXV: ARTG) for $190 million in cash. Under the deal, New Gold will…
Callinex discovers new silver zone at Nash Creek
Drilling at Callinex Mines’ (TSXV: CNX; US-OTC: CLLXF) 118-sq.-km Nash Creek project in the Bathurst mining district of New Brunswick has encountered a new zone of silver mineralization, 9.6 km…
BofA forecasts metal price recovery post-COVID-19
Bank of America forecasts global copper consumption could contract by 18% year-over-year in 2020 should global GDP drop by an estimated 4.2% due to economic disruptions caused by the coronavirus…
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…
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…
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…
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…
Fortescue Metals ups stake in Candente Copper
Australian iron ore major Fortescue Metals Group (ASX: FMG) has invested $1.38 million (US$984,000) in Candente Copper (TSX: DNT), increasing its stake in the Canadian junior from 9.7% to 19.92%….
Rockcliff hits near-surface copper and zinc at Freebeth in Manitoba
Phase one drilling at Rockcliff Metals’ (CSE: RCLF) Freebeth property in central Manitoba has returned high-grade copper and zinc mineralization including 5.28% copper equivalent over 2 metres and 4% copper-equivalent…