Eldorado Gold constructs $24M tunnel at Lamaque
Eldorado Gold (TSX:ELD; NYSE:EGO) has started construction of a US$24-million tunnel at its sole Canadian operation, the Lamaque gold mine in Quebec, which will allow the company to grow production…
2020
PNG threatens Barrick over alleged gold export attempt
Papua New Guinea (PNG) has threatened Barrick Gold (TSX: ABX; NYSE: GOLD) with criminal proceedings, claiming the company’s joint venture in the country was planning to illegally export US$13 million…
BloombergNEF forecasts 18% drop in electric vehicle sales
BloombergNEF, the primary research service for Bloomberg, is forecasting an 18% drop in electric vehicle (EV) sales this year due to disruptions to battery metals supply chains from the COVID-19…
Investors pile into gold ETFs
Gold-backed ETFs added 154 tonnes for net inflows of US$8.5 billion across all regions in May, boosting global holdings to a new all-time high of 3,510 tonnes, according to new…
Copper price rally builds on China spending
Copper advanced to a 12-week high on June 4 as China’s US$700 billion stimulus program focussed on so-called “new infrastructure” and “new urbanization” kicked into gear. Copper trading in New…
Pure Gold to restart drilling in Red Lake
Pure Gold Mining (TSXV: PGM; LSE: PUR) is starting a 30,000-metre underground and surface diamond drill program at its wholly owned PureGold Red Lake mine. The program will be focused…
SolGold seeks US$20M to prevent takeover attempts
Ecuador-focused miner SolGold (TSX: SOLG; LSE: SOLG) is bolstering its defences against a takeover by fundraising to raise a minimum of £16 million (US$20 million) as top miners try to…
Bidding war heats up for Guyana Goldfields
Takeover target Guyana Goldfields (TSX: GUY) said it has received a proposal from a “foreign-based multinational miner” valuing the company at $323 million (US$240 million), which is 35% higher than…
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…
Calibre reports positive maiden resource for Panteon deposit at Limon
Calibre Mining (TSX: CXB; US-OTC: CXBMF) has reported the first resource estimate for the Panteon deposit at its Limon mine in Nicaragua. The high-grade vein is about 150 metres from…
YMP launches $61.5K scholarship fund, including new lottery scholarship
The Young Mining Professionals (YMP) has announced the 2020 launch of its YMP Scholarship Fund, with a total of $61,500 available for the 2020-21 academic year for students studying mining-related…
Perseus Mining to acquire Exore Resources
Perseus Mining (TSX: PRU; ASX: PRU) is acquiring Exore Resources (ASX: ERX) in an all-share deal worth A$58.9 million (US$41million). Exore Resources’ flagship Bagoe project is within 50 km of…