TSX Venture slightly up, May 24-28
The S&P/TSX Venture Composite Index rose 0.95% to finish the trading week at 966.28. Spot gold increased by US$22.80 per oz., or 1.21%, to US$1,903.50 per ounce. Labrador Gold rose 2¢ to $1.12…
Mexico
Ganfeng Lithium chases Bacanora in US$265m deal
Shares in lithium explorer and developer Bacanora Minerals (LSE: BCN) jumped as much as 38% on May 6 after China’s Ganfeng Lithium, one of the world’s top lithium producers, offered the company…
US markets mixed, March 29-April 1
The Dow Jones Industrial Average rose 0.24% to finish the week at 33,153.21 and the S&P 500 fell 0.77% to 3,913.10. Spot gold dropped US$3 per oz., or 0.17%, to US$1,730.30…
Pandemic initially decimated financings for gold projects, but market has rebounded, Mining Intelligence says
A review of capital raisings for gold projects around the world between February 1, 2020 and February 28, 2021 conducted by The Northern Miner’s sister company Mining Intelligence, has found…
Precious Metals Snapshot: Eight companies to watch
Well-known as a store of value, precious metals are a particularly appealing investment during times of uncertainty. This appeal, combined with recent upward price moves, makes companies in this space…
Pierre Lassonde buys more shares in Prime Mining
Mining entrepreneur and investor Pierre Lassonde, Chairman and CEO of Firelight Investments, has purchased 2 million common shares of Mexico-focused Prime Mining (TSXV: PRYM), bringing his stake in the junior…
Global gold output to rise 5.5% in 2021, Global Data reports says
After declining in 2019, global gold production was adversely affected by the Covid-19 pandemic during 2020, while the suspension of expansion works and contractions from mines nearing closure also exacerbated…
Golden Minerals pours first gold at Rodeo in Mexico
Golden Minerals (TSX: AUMN; NYSE-AM: AUMN) has poured first gold (150 gold-equivalent ounces) from its Rodeo open pit mine in Mexico’s Durango state. Mining at Rodeo kicked off in mid-January…
Gatos Silver puts Mexican mine into production and then lists on TSX/NYSE
It’s unusual for a privately held company to put a mine into production before it becomes a publicly listed company. “It’s incredibly rare – by and large it’s virtually impossible…
Lucky Friday ramp-up buoys Hecla’s 2020 silver production
Buoyed by the ramp-up of its Lucky Friday mine in Idaho, following a nearly three-year strike by unionized workers at the operation, Hecla Mining (NYSE: HL) produced 13.5 million oz….
Orla tables updated feasibility for Camino Rojo with increased reserves, longer mine life
Orla Mining (TSX: OLA; NYSE: ORLA) has released an updated feasibility study for its Camino Rojo heap leach oxide gold project in Mexico. The latest study features a 54% increase…
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…