Pure Gold Mining needs to raise $50M to keep its Red Lake mine running
Shares of Pure Gold Mining (TSXV: PGM) fell to its lowest in a year after the company announced it will need to raise funds within the next 30 days to…
2022
Osisko Metals to buy former Gaspé copper mine in Quebec from Glencore
Osisko Metals (TSXV: OM; OTC: OMZNF) has signed an option to purchase the former Gaspé copper mine from Glencore Canada. The mine, located near Murdochville, Quebec, was developed and operated…
TSX Venture Exchange rises, Mar. 21-25
The S&P/TSX Venture Composite Index rose 19.65 points or 2.3% over the Mar. 21-25 trading week to end at 866. The top two gainers on the Venture Exchange by value…
TSX falls during Mar. 21-25 trading week
Over the Mar. 21-25 trading period, the S&P/TSX Composite Index fell 3.19 points or 0.014% to 22,005.94. The S&P/TSX Global Mining Index increased 2.06 points or 1.61% to 127.39 and…
U.S. markets move higher during the Mar. 21-25 trading week
The Dow Jones Industrial Average rose 308.25 points or 0.88% to 34,861.24 and the S&P 500 rose 81.88 points or 1.80% over the week to 4,543.06. Shares of Gatos Silver…
Mick Davis’s Vision Blue joins backers for Cornish Metals tin mine
Cornish Metals (LON, TSX-V: CUSN) is getting closer to reopening the South Crofty tin-copper mine in Cornwall, southwest England, as a group of investors including mining veteran Mick Davis are…
Las Bambas workers launch protest action
Following a tense meeting with human resources personnel, the union that represents MMG’s Las Bambas workers announced the launching of a protest action as they demand a review of the…
Mining among sectors most affected by climate change in the US
Mining, together with construction, retail trade and services, is among the sectors most affected by cold and wet weather consequence of climate change in the United States. A recent study…
Global Gold Snapshot: Eight companies scouring the globe for gold
With gold prices approaching US$2,000 per oz., gold exploration and mine development remain important drivers for many mining companies. Here are eight global gold explorers to watch. ANACORTES MINING Vancouver-headquartered Anacortes…
Spanish transport strike halts Orvana’s Orovalle operation
An ongoing transportation strike in Spain has accentuated supply chain disruptions that have forced Canadian miner Orvana Minerals (TSX: ORV) to suspend operations at the critical Orovalle copper-gold operation in…
Skeena involved in ‘ground-breaking’ permit process at Eskay Creek
Between 1988 and 2008, the Eskay Creek mine in northwest B.C. produced about 3.3 million oz. gold and 160 million oz. silver, boasting the world’s highest average grades of 45…
ValOre Metals doubles PGM resource at Pedra Branca in Brazil
ValOre Metals (TSXV: VO) has doubled the mineral resource estimate for its 100%-owned Pedra Branca platinum group metals project in northeast Brazil with several zones within the property still open for…