Kinross Gold to acquire Great Bear Resources for $1.8B
Gold miner Kinross Gold (TSX: K; NYSE: KGC) is acquiring junior explorer Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) for $1.8 billion (US$1.4 billion) in order to get its hands…
Canada
ICMM members paid US$23.7B in taxes in 2020
The 28-members of the International Council on Mining and Metals (ICMM) reported total tax payments of US$23.7 billion in 2020, an effective tax rate of 39.7%, and an increase of…
Otso Gold CEO detained in Finland on suspicion of fraud
A former CEO of Otso Gold (TSXV: OTSO), Brian Wesson, has been detained in Finland and remains in pre-trial custody under criminal suspicion of aggravated embezzlement and payment fraud, the…
Scotiabank’s Marc Desormeaux on 2022 outlook
Marc Desormeaux leads Scotiabank Economics’ regional economic forecasting and commodity market coverage and is the creator of Scotiabank’s Provincial Outlook, the department’s quarterly forecast publication on Canada’s provincial economies. Prior…
Goldshore Resources reports near-surface gold mineralization at Moss Lake project
Assays from two drill holes at Goldshore Resources’ (TSXV: GSHR; US-OTC: GSHRF) flagship Moss Lake gold project in northwestern Ontario returned several wide intercepts of near-surface gold mineralization. Drill hole…
Skeena drills 10 grams gold-equivalent per tonne from Eskay Creek waste
Skeena Resources (TSX: SKE; NYSE: SKE) continued to find good grades as it completed the second phase of drilling at the Albino waste facility at the Eskay Creek gold-silver project…
Harte Gold seeks creditor protection as Silver Lake closes in
Troubled Canadian miner Harte Gold (TSX: HRT) has been granted creditor protection after putting its Sugar Zone gold mine into production without a feasibility study two years ago and later failing…
Mining companies assess damage as B.C. recovers from floods
As officials assess the damage caused by heavy rain, flooding and mudslides in Canada’s British Columbia last month, mining companies have started gauging how severe climatic conditions this year have…
Yamana Gold goes ahead with expansion at Brazil mine
Yamana Gold (TSX: YRI; NYSE; LSE: AUY) is going ahead with a planned phase two expansion of its Jacobina mine in Brazil after authorities granted it a permit to increase…
Sigma Lithium kicks off construction of largest hard rock project in the Americas
Sigma Lithium (TSXV: SGML; NASDAQ: SGML) has begun building the production plant foundation and infrastructure for its Grota do Cirilo lithium project in Brazil, the largest hard rock lithium deposit in…
Satori cuts 5.8 metres of 47+ grams gold in new zone at Tartan Lake
Satori Resources (TSXV: BUD) drilled the second highest grade in Tartan Lake history as it wrapped up phase one drilling at its 100%-owned property 12 km northeast of Flin Flon…
SSR Mining commits to extending Seabee mine life with acquisition of Taiga Gold
By acquiring Taiga, SSR would add five new properties, for a total of 34,569 hectares, to its Saskatchewan project portfolio.