CITIC buys 19.9% of Ivanhoe
CITIC Metal, subsidiary of Chinese company CITIC, will acquire a 19.9% stake in Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF), making it the company’s largest single shareholder. The companies signed the…
Africa
Roxgold hits Q1 record high for gold production at Yaramoko
Roxgold (TSX: ROXG; US-OTC: ROGFF) has hit a record high for first-quarter production at its Yaramoko underground gold mine in southwestern Burkina Faso, 200 km southwest from the capital city…
TSX inches higher while gold dips, June 11-15
Canada’s benchmark index rose 0.68% to 16,314.42 during a mixed week. The S&P/TSX Global Mining Index fell 1.9% to 75.17. The S&P/TSX Global Gold Index rose 1.3% to 191.66, while…
Eira Thomas takes the reins at Lucara
Lightning has struck more than once so far in Eira Thomas’s career of more than 25 years. The geologist famously spotted a nearly 2-carat diamond in drill core — an…
Resolute Mining to invest $21M in Orca Gold
African-focused gold miner Resolute Mining (US-OTC: RMGGF) is investing nearly $22 million in Orca Gold (TSXV: ORG: US-OTC: CANWF) in a two-tranche deal that Orca expects will close this July….
Iamgold makes headway in West Africa
It’s been a big year in West Africa for Iamgold (TSX: IMG; NYSE: AIG). The company kicked off 2018 with high-grade assay results from its Siribaya gold project in Mali…
The Norther Miner Podcast – Miner Moment #11: Gold rush in Sudan ft Orca Gold’s Richard P. Clark
In this bonus mini-podcast, Orca Gold CEO Richard P. Clark describes the artisanal gold rush that has quietly turned Sudan into Africa’s second-largest gold producer, and how his company is…
B2Gold inaugurates solar plant at Otjikoto in Namibia
At the end of May, B2Gold (TSX: BTO; NYSE-AM: BTG) officially opened a 7-megawatt solar power plant at its Otjikoto mine in Namibia. The solar plant is one of the…
TSX Venture inches lower, May 28-June 1
The S&P/TSX Venture Composite Index continued a decline that started in mid-May, falling 1.2% to end the trading week at 765.94. Shares of Goldex Resources rose 69¢ to $1.16 after…
US markets dip, May 14-18
Gold closed at US$1,291.9, down 2% over the previous trading week, as U.S. markets slipped. The Philadelphia Gold and Silver Index fell 2.14% to 82.06, and the Dow Jones Industrial…
The Northern Miner Podcast – Miner Moment #9: Artisanal cobalt mining in the DRC ft Lance Hooper
In this quick hit, we present Cobalt Blockchain president and COO Lance Hooper and his comments on artisanal cobalt mining in the Democratic Republic of the Congo (DRC) as he…
Nevsun rejects $1.5B Euro Sun, Lundin Mining proposal
Nevsun Resources (TSX: NSU; NYSE-AM: NSU) is rejecting an unsolicited proposal by Euro Sun Mining (TSX: ESM) and Lundin Mining (TSX: LUN) that it says lacks adequate value and has…