Troilus buys back royalty from First Quantum
Troilus Gold (TSX: TLG; US-OTC: SKREF) has entered into a definitive agreement to buy back a sliding 2.5% net smelter royalty (NSR) on 81 mineral claims and one mining lease (the…
First Quantum Minerals
Jiangxi Copper sells some shares in First Quantum
Jiangxi Copper has sold 1.2 million shares in First Quantum Minerals (TSX: FM; LSE: FQM), according to SEDI filings, BMO reported. The sale represents less than about 0.2% of First…
TSX rises, May 11-15: Victoria Gold, Loncor Resources, Guyana Goldfields, First Quantum
After starting the May 11-15 trading week with some gains, the S&P/TSX Composite Index closed down 2.24% to 14,638.90. Spot gold continued to rise, ending the week at US$1,742.20 per…
South America divided on coronavirus measures
South American countries have taken varying approaches to containing the spread of COVID-19, ranging from leaving it to states and cities to handle the virus to implementing aggressive lockdowns and…
COVID-19 kills worker at First Quantum’s Cobre Panama mine
Panama’s Ministry of Health confirmed that one person has died at the Cobre Panamá operation due to complications caused by COVID-19. On Sunday, the government agency posted a tweet saying…
Leaked EIS buoys Northern Dynasty’s Pebble
Controversial development plans for Northern Dynasty Minerals’ (TSX: NDM; NYSE-AM: NAK) wholly-owned Pebble project in southwest Alaska’s Bristol Bay region, have swung further in the company’s favour following the release…
Troilus Gold boosts resource in Quebec
Single-asset company Troilus Gold (TSX: TLG; US-OTC: CHXMF) has updated the resource estimate for its wholly owned Troilus gold project, 170 km north of Chibougamau, Quebec. Indicated resources for the…
Japan Gold drills Ohra–Takamine project
Japan closed all 76 of its gold mines during World War II, and reallocated personnel to base metal mines and factories. After the war, it only reopened 12 of the…
Lumina encouraged by results at Cangrejos in Ecuador
Lumina Gold (TSXV: LUM; US-OTC: LUMAF) has tabled a preliminary economic assessment (PEA) for its 63 sq. km Cangrejos gold project in Ecuador’s El Oro province, 30 km southeast of…
TSX unfazed by US sanctions, May 28-June 1
The U.S. federal government’s decision on May 31 to impose steel and aluminum tariffs on Canada, and Prime Minister Justin Trudeau’s response that Canada will impose a range of retaliatory…
First Quantum backs out of disputed Pebble project
A framework agreement with First Quantum Minerals (TSX: FM) to help finance the controversial Pebble copper-gold project in Alaska has fallen apart — sending shares of Northern Dynasty Minerals (TSX:…
TSX inches higher while gold dips, May 14-18
Canada’s benchmark index rose 0.47% to 16,162.31 during a week that saw little movement in Canadian markets. The S&P/TSX Global Mining Index rose 0.12% to 75.25 and the S&P/TSX Global…