AngloGold firms up Corvus Gold acquisition
AngloGold had submitted an offer in July to buy the remaining 80.5% of Corvus for $370 million.
United States
Robust metals price outlook softens in 2022 – reports
The global metals and mining industry outlook has changed from ‘positive’ to ‘stable’ with a new Moody’s Investors Service report finding that despite most metals prices exceeding historical marks, that…
‘Here we go again,’ reacts Northern Dynasty’s Thiessen on EPA permitting decision
“Here we go again,” said Northern Dynasty Minerals (TSX: NDM; NYSE: NAK) president and CEO Ron Thiessen in reaction to the news last week that the Biden administration will reconsider…
Gold Royalty, Abitibi Royalties and Golden Valley to combine forces
Gold Royalty (NYSE-AM: GROY) is acquiring Abitibi Royalties (TSXV: RZZ; US-OTC: ATBYF) and Golden Valley Mines and Royalties (TSXV: GZZ; US-OTC: GLVMF) in a deal that will create a larger…
Equinox Gold grows Mesquite resource in California
Equinox Gold (TSX: EQX; NYSE: EQX) has released new reserve and resource numbers for its Mesquite mine in California and for the Fazenda Brasileiro and Riacho Dos Machados mines in…
BHP inks exploration deal with Gates and Bezos-backed Kobold Metals
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has struck a deal to use artificial intelligence tools developed by KoBold Metals, a start-up backed by a coalition of billionaires including Bill…
i-80 Gold to create Nevada complex through asset exchange with Nevada Gold
U.S.-focused gold miner i-80 Gold (TSX: IAU; US-OTC: IAUCF) has inked a deal with Nevada Gold Mines that will help it create a major mining complex in the precious metals-rich state…
TSX posts small gain, Aug. 30-Sept. 3
The S&P/TSX Composite Index rose 176.80 points or 0.86% to finish the August 30 to September 3 trading week at 20,821.40. The S&P/TSX Global Mining Index fell 0.92 points or…
US markets mixed, Aug. 30-Sept. 3
The Dow Jones Industrial Average dropped 86.71 points or 0.25% to finish the August 30 to September 3 trading week at 35,369.09 and the S&P 500 climbed 26.06 points or…
Major Drilling results confirm rebound in exploration – as well as rising costs for miners
Rebounding exploration activity has propelled Major Drilling’s (TSX: MDI) revenues and earnings to a nine-year high. In the company’s first quarter of fiscal 2022, ended July 31, the Moncton-based drilling company reported revenues of $151 million – up 69% from the same…
Barrick, NovaGold closer to Donlin mine decision
Joint-venture partners Barrick Gold (TSX: ABX; NYSE: GOLD) and NovaGold Resources (TSX: NG) have published the first results of their 24,000-meter drill program for their Donlin gold project in southwestern…
Coalition urges U.S. Congress to incentivize permanent rare earth magnet making
A group of rare earth industry players have sent a letter to the U.S. Congress urging lawmakers to pass bipartisan legislation to incentivize the domestic manufacturing of permanent rare earth…