Barrick and Randgold to merge in US$18B deal
Barrick Gold (TSX: ABX; NYSE: ABX) and Randgold Resources (LON: RRS; NASDAQ: GOLD) have agreed to a share-for-share merger to create the New Barrick Group in a deal valued at…
United States
New Gold sells Mesquite to Equinox
Renaud Adams hasn’t wasted any time settling into his new job at New Gold (TSX: NGD; NYSE-AM: NGD). A week after taking the helm as president and CEO of the…
Corvus tables maiden resource at Mother Lode
Corvus Gold (TSX: KOR; US-OTC: CORVF) has tabled a maiden resource estimate for its Mother Lode gold project in Nevada that incorporates all the results from its first two drill…
Northern Vertex becomes newest gold producer in US
Northern Vertex Mining Corp.’s (TSXV: NEE; US-OTC: NHVCF) open-pit heap leach Moss mine in Arizona has reached commercial production. The gold-silver mine is expected to produce an average of over…
Empire project in Idaho shows new mineralization
Step out drilling to the east and west of the current resource at the Empire mine project in Idaho has intercepted previously unknown mineralization, its owners Phoenix Global Mining (LON:…
TSX falls, Sept. 3-7
Canada’s benchmark index fell 1.06% to 16,090.27 during a shortened trading week. The S&P/TSX Global Mining Index fell 4.3% to 62.70 and the S&P/TSX Global Gold Index fell 2.9% to…
Aztec chases silver-zinc deposits at Tombstone
Aztec Minerals (TSXV: AZT; US-OTC: AZZTF) has started surface exploration at its newly optioned Tombstone silver-zinc district, 104 km southeast of Tucson, Arizona. The company is chasing multiple mineralization types,…
Allegiant extends mineralization at Eastside gold project
Allegiant Gold (TSXV: AUAU; US-OTC: AUXXF) has reported drill results for the remaining 13 holes of its 22-hole (8,000-metre) phase one resource expansion drill program at its 100%-owned, district-scale Eastside…
New Age Metals considers JV at Genesis
New Age Metals (TSXV: NAM; US-OTC: NMTLF) is seeking a joint venture partner to help develop its 100% owned Genesis palladium-platinum-nickel-copper located in the northeastern Chugach Mountains, 120 road km…
US Markets rise slightly, Aug. 20-24
U.S. markets swung upward, as gold gained 1.7% to end the trading week at US$1,205.30. The Philadelphia Gold and Silver Index rose 2.6% to 67.68 and the Dow Jones Industrial…
Trilogy Metals ‘likely takeover candidate’ says Cantor Fitzgerald
Cantor Fitzgerald has raised its target price on Trilogy Metals (TSX: TMQ; NYSE-AM: TMQ) to US$3.50/C$4.50 per share from US$3.00/C$3.75 per share following a recent site visit of the company’s…
McEwen extends El Gallo 12 years with new PEA
McEwen Mining (TSX: MUX; NYSE: MUX) has tabled a new preliminary economic assessment (PEA) that extends the life of its El Gallo gold-silver complex in Mexico by 12 years with…