New Found Gold hits shallow high-grade in Keats step-out
New Found Gold (TSXV: NFG) has released partial assay results for four holes completed at the Keats zone and for six initial holes completed at the Little-Powerline zone within its…
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Mongolia threatens to revoke Rio Tinto’s plan for Oyu Tolgoi
The Government of Mongolia may cancel and replace the development and financial plan for the country’s vast Oyu Tolgoi copper-gold mine, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) said today….
Canada Nickel mulls using Glencore’s processing facility in Ontario
Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) has inked a deal with Glencore (LSE: GLEN) to explore the potential use of the miner and commodities trader’s Kidd concentrator and metallurgical…
TSX Venture rises, Jan. 4-8
The S&P/TSX Venture Composite Index climbed 2.44% to finish the trading week at 896.71. Spot gold fell US$48 per oz., or 2.53%, to US$1,850 per ounce. Nouveau Monde Graphite jumped 77¢…
TSX up, Jan. 4-8
The S&P/TSX Composite Index rose 3.37% to 18,042.07 during the Jan. 4-8 trading week. The S&P/TSX Global Mining Index climbed 7.22% to 109.70, and the S&P/TSX Global Base Metals Index…
US markets mixed, Jan. 4-8
The Dow Jones Industrial Average rose 1.61% to finish the week at 31,097.97 and the S&P 500 declined by 1.83% to 3,824.68. Spot gold dropped US$48 per oz., or 2.53%,…
Planning for a post-pandemic economic recovery in the Northwest Territories
As 2021 begins, the Covid-19 pandemic has left no part of Canada untouched, with cases reported in every province and territory, though at press time only the Northwest Territories (NWT)…
Major reforms proposed in Yukon mineral development strategy report
Developing new mining legislation, creating a water use tax and completing the Yukon’s six outstanding land use plans in the next five years are among the substantial list of recommendations…
Torex beats 2020 gold production forecasts
Intermediate miner Torex Gold (TSX: TXG) has released its 2020 operating highlights – last year, the company produced 430,480 gold oz., 130,640 of which were generated in the fourth quarter….
Exploration snapshot: Eight companies active in BC, NWT and the Yukon
With a strong outlook for the mining sector and few recent discoveries, companies are turning to low-risk under-explored frontiers in their search for new deposits and future mines. Below, we…
Copper Mountain reports record Q4 production
After beating its production guidance for 2020 and reporting a record fourth quarter, Copper Mountain Mining (TSX: CMMC) is guiding a further 22% increase in production this year. The B.C.-based…
Harte Gold exceeds guidance, expects substantial production growth in 2021
Last year, Ontario-focused miner Harte Gold (TSX: HRT; US-OTC: HRTFF) produced 25,649 gold oz., exceeding its prior guidance of 20,000 to 24,000 ounces. The emerging producer churned out a record…