OceanaGold tables resource at WKP prospect in New Zealand
OceanaGold (TSX: OGC; US-OTC: OCANF) has tabled a maiden resource at its WKP gold prospect, 10 km north of its Waihi gold mine in New Zealand. WKP’s East Graben vein…
Australia, NZ & South Pacific
OceanaGold reports $124M profit for 2018
OceanaGold (TSX: OGC; ASX: OGC) reported annual revenue in 2018 of US$773 million and net profit before unrealized gains or losses on undesignated hedges of US$124 million. Earnings before interest, tax,…
TSX rises, Feb 4-8: RNC, Wallbridge and First Quantum
Canada’s benchmark index rose 1% to end the trading week at 15,663.33. The S&P/TSX Global Mining Index rose 0.65% to 71.90, and the S&P/TSX Global Gold Index rose 1.3% to…
OceanaGold forecasts similar production, slightly higher costs
OceanaGold (TSX: OGC; ASX: OGC) says its mines in the Philippines, New Zealand and the U.S. will produce a total of between 500,000 and 550,000 oz. of gold and 14,000 to…
Australia’s Bellevue Gold gets top marks from Macquarie
Macquarie Research has chosen Bellevue Gold (ASX: BGL) as its top explorer pick in Australia for 2019. The junior, which trades at A49.5¢ per share and has a US$143-million market…
Editorial: Newmont-Goldcorp merger rocks gold industry
The new year continues to be a fascinating one in the global mining industry, with the unveiling on Jan. 14 of Newmont Mining’s blockbuster US$10-billion deal to acquire Goldcorp, and…
Newmont to buy Goldcorp for US$10B
Newmont Mining (NYSE: NEM) will acquire all outstanding Goldcorp (TSX: G; NYSE: GG) shares in a deal that values Goldcorp at US$10 billion to create Newmont Goldcorp, the companies announced…
TSX Venture rises, Jan. 7-11; Cobalt 27, K92, Ascot-IDM
Shares of Cobalt 27 Capital rose 26¢ to $4.44. In January 2019, the company bought Westgold Resources’ royalty on the Mount Marion lithium mine in Western Australia for $240,400, plus…
TSX Venture soars, Dec. 24-28
The S&P/TSX Venture Composite Index rose 4.12% to close the trading week at 552.09, and has continued to rise over the start of 2019. Shares of Novo Resources rose 48¢…
Fruta del Norte, Cobre Panama lead wave of new 2019 mines
As a new year approaches, The Northern Miner runs down 15 of the most interesting new mines scheduled to begin production in 2019. Fruta del Norte (gold) Lundin Gold The Fruta…
US markets trend downward, Dec. 10-14
The gold price fell 0.7% to close the trading week at US$1,238.10. The Philadelphia Gold and Silver Index fell 0.5% to 67.59 and the Dow Jones Industrial Average fell 1.18%…
Kirkland Lake finds visible gold at Fosterville in Australia
Kirkland Lake Gold (TSX: KL; NYSE; KL) has drilled high grade and visible gold mineralization on the down plunge extensions of the Swan zone at its Fosterville gold mine in…