TSX Venture eases down, May 29-June 2
The S&P/TSX Venture Composite Index lost 7.61 points over the report period to an 800.98-point close, as spot gold prices gained US$12.41 to US$1,278.17 per oz., and Comex copper prices…
South America
Lundin Gold secures up to US$450M for Fruta del Norte
The stars are aligning for Lundin Gold (TSX: LUG) at its large, wholly owned Fruta del Norte (FDN) gold project in Ecuador. On May 30, the company announced a US$400-…
Trek extends mineralization at Aurizona
Shallow step-out holes drilled at Trek Mining’s (TSXV: TREK) wholly owned Aurizona gold project in Brazil have extended gold mineralization west of the past-producing Piaba open-pit mine. Drill results from…
The Northern Miner podcast – episode 59: The mega M&A show ft. Joe Mazumdar
Matt sits down with mining analyst Joe Mazumdar from Exploration Insights to discuss the recent surge in investment activity, namely major and intermediate miners participating in joint ventures, equity placements,…
Newmont takes 19.9% stake in Continental Gold
In what will be Newmont Mining’s (NYSE: NEM) first investment in Colombia, the gold and copper producer is plunking down US$109 million for a 19.9% stake in Continental Gold (TSX:…
TSX Venture down with commodities, May 1-5
The S&P/TSX Venture Composite Index shed 25.05 points to a 781.72-point close over the trading week, as spot gold prices plunged US$40.27 to US$1,228.01 per oz., and Comex copper prices…
Golden Arrow teams up with Silver Standard in Argentina
Golden Arrow Resources (TSXV: GRG; US-OTC: GARWF) has jumped from an explorer to a silver producer in Argentina in a fairytale-esque way. It will receive a 25% stake in Silver…
Lithium producers ramp up
Lithium is heating up, with the price globally on the rise following higher demand. The U.S. Geological Survey (USGS) estimates lithium production last year increased 12% due to a spike…
Camino CEO on possible IOCG discovery at Los Chapitos
VANCOUVER — Camino Minerals (TSXV: COR; US-OTC: CAMZF) is off to a strong start at its newly acquired, 67 sq. km Los Chapitos copper property in southern Peru. Camino is the…
Columbus Gold, Nordgold complete feasibility study
A bankable feasibility study on the Montagne d’Or deposit in French Guiana envisions an open-pit mining operation that would produce 2.57 million oz. gold over 12 years. Nordgold (LON: NORD),…
Sandstorm bids for Mariana
Streaming and royalty firm Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND) is buying Mariana Resources (TSX: MRY; LON: MARL) at an 84% premium to get its hands on the high-grade Hot…
Barrick sinks on Q1 earnings miss
Barrick Gold (TSX: ABX; NYSE: ABX) shares fell nearly 11% after it missed analysts’ expectations for first-quarter earnings and trimmed its 2017 production guidance, largely due to selling half of its…