Endeavour Mining adds to gold resource at Hounde
Endeavour Mining (TSX: EDV) has increased its gold resource by 554,000 oz. at its Hounde mine in Burkina Faso, located approximately 250 km southwest of the capital Ouagadougou. The updated mineral…
Africa
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…
Cardinal Resources receives key approvals amid takeover battle
Cardinal Resources’ (TSX: CDV; ASX: CDV) Namdini mining licence has officially received sovereign parliamentary ratification in Ghana, the company says. “This ratification and the recent issuing of the Environmental Protection…
Sourcing cobalt remains a challenge for electric vehicle manufacturers
German luxury vehicle maker BMW signed a US$2.3 billion long-term deal earlier this month with Swedish battery maker Northvolt, the latest of such deals, as European carmakers try to compete…
Barrick reduces power supply to communities near Porgera mine
Barrick Gold (TSX: ABX; NYSE: GOLD) announced that it will reduce power supply to townships near the Porgera gold mine to save costs. The company said in a statement from…
Norgold, Shandong battle over Cardinal Resources
Russian miner Nordgold (LSE: NORD) is offering to buy all shares in Ghana-focused Cardinal Resources (ASX: CDV) it does not already own, valuing the Australian-listed company’s equity at A$347 million…
B2Gold reports record quarterly revenue
B2Gold (TSX: BTO; NYSE: BTG) reported consolidated gold revenue for the second quarter of the year at a record high of US$442 million, a 65% increase from the same period…
Editorial: Conflict and chaos in the Sahel
When I was interviewing Jon North, the founder and CEO of 79North (CNSX: TWLV), about his exploration projects in Suriname, a small country at the top of South America, he…
GoviEx to appeal cancelled uranium license in Zambia
GoviEx Uranium (TSX-V: GXU) says it will appeal Zambia’s decision to terminate its Chirundu mining license. The company acquired the permit in 2017 from African Energy Resources, and it includes…
Canada’s top 10 royalty and streaming companies
The Northern Miner presents the top-10, Canadian-headquartered royalty and streaming companies by market capitalization, as of late-June 2020. 1. Franco-Nevada Market capitalization: US$26.40 billion Franco-Nevada (TSX: FNV; NYSE: FNV) continues…
US markets fall, June 22-26
A surge in coronavirus cases in parts of the United States undermined market sentiment. The Dow Jones Industrial Average fell 3.31% to 25,015.55 and the S&P 500 dropped 2.86% to…
Canada clears Endeavour Mining-Semafo merger
Canadian regulators have given Endeavour Mining (TSX: EDV) the go-ahead for the acquisition of smaller rival Semafo (TSX: SMF), which would create West Africa’s top gold producer. The Minister of…