US Fed move sends gold soaring
The gold price surged on Monday after the U.S. Federal Reserve promised to pump “unlimited” amounts of money into the financial system, boosting the metal’s status as a store of…
gold
Bluestone secures US$30M, names Jack Lundin CEO
Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) has entered into a US$30 million credit facility led by the French financial services firm Natixis. “We were very pleased to receive support from…
Silver & Gold Summit
The Silver and Gold Summit facilitates discussions and debates on precious metals trends, geopolitical risk and investment opportunities within the natural resource economy. Cambridge House International Inc. and Katusa Research…
Resolute sells Ravenswood to focus on Africa
Resolute Mining (LSE: RSG) is selling its Ravenswood gold mine in Queensland — its only Australian asset — to private equity firm EMR Capital Management for US$207 million in cash….
Gran Colombia Gold to spin off Marmato project
Gran Colombia Gold (TSX: GCM) expects to complete in February the spin-off of its Marmato project, located in Colombia’s department of Caldas, into a separately listed company, executive chairman Serafino…
Consolidation will continue in the gold sector, B of A says
A new report from Bank of America Securities puts the total deal value of global gold mergers and acquisitions last year at US$20.19 billion — the highest in nine years…
Doré Copper options Joe Mann gold mine
Recently listed Doré Copper Mining (TSXV: DCMC) has signed an option agreement to acquire 100% of the Joe Mann gold mine in Quebec. The project is 50 km from the…
Equinox Gold to buy smaller rival Leagold for $770M
Equinox Gold (TSX: EQX) has become the latest Canadian gold miner to acquire a smaller rival and consolidate portfolios after announcing the acquisition of Leagold Mining (TSX: LMC) for $769.3…
Velocity Minerals eyes ‘hub and spoke’ production in Bulgaria
Aspiring precious metals developer Velocity Minerals (TSXV: VLC) recently tabled engineering study results and the latest drill assays from its 70%-owned Rozino gold deposit in southeastern Bulgaria. Rozino, the most…
Aurania finds ancient Spanish road at Lost Cities–Cutucu
For almost 20 years, Keith Barron has been hunting for two famous gold-mining centres in Ecuador that historic Spanish manuscripts and maps from the 16th and 17th centuries refer to…