Lundin Gold's Fruta del Norte gold project in the Cordillera del Condor near Loja, Ecuador. Credit: Lundin Gold. BMO Capital Markets will buy 4.15 million common shares of Lundin Gold (TSX: LUG) at C$12.05 per share in a bought deal financing that will raise C$50 million for the Vancouver-based gold miner. The deal includes an overallotment option for up to 15% of the offering.Newcrest Mining...Read More
A historic headframe at Maple Gold Mines' Douay gold property in northern Quebec. Credit: Maple Gold Mines. Drilling within the Porphyry zone at Maple Gold's 355-sq.-km Douay project in Quebec has intersected mineralization within current conceptual pit shells outside of the existing resource model.The company has released assay results for two holes; drill highlights include 17 metres of 1.91 g...Read More
A drill site at Ascot Resources' Premier project. Credit: Ascot Resources. Ascot Resources has announced a C$25 million bought deal, led by Desjardins Capital Markets and Stifel GMP.The underwriters have agreed to purchase 29.4 million shares of the company at C$0.85 per share for gross proceeds of C$25 million. They have an over-allotment option, exercisable within 30 days of closing, to purcha...Read More
Palladium One Mining's Lantinen Koillismaa (LK) project in northern Finland. Credit: Palladium One Mining. Palladium One has traced a new drill target within its wholly owned Lantinen Koillismaa (LK) project in Finland, 190 km northeast of Oulu.The latest target is within the Haukiaho East induced polarization (IP) survey grid, which covers 1.6 km within the 17-km-long prospective Haukiaho tren...Read More
A study of the often overlooked E&C sector by Citi, an investment bank, found that leading Australian mining service providers such as Monadelphous and NRW Holdings have been oversold on the stockRead More
Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click hereSteenkamp told a virtual panel of industry leaders yesterday the fact 196 people had tested positive for COVID-19 at AngloGold's Mponeng gold mine would not affect t...Read More
Whenever the electric vehicle boom comes to mind, there's always one powerful quote that comes to mind.I'll bet you know the one I mean.Decades ago, Rashid bin Saeed Al Maktoum delivered these prophetic words to us:My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel.He was the first Prim...Read More
Drilling within the Porphyry zone at Maple Gold Mines' (TSXV: MGM; US-OTC: MGMLF) 355-sq.-km Douay project in northern Quebec has intersected mineralization outside of the existing resource model.The company has released assay results for two holes. Drill highlights include 17 metres of 1.91 grams gold per tonne starting at 189 metres downhole from hole 20-283 as well as a number of gold zones wit...Read More
BMO Capital Markets will buy 4.15 million common shares of Lundin Gold (TSX: LUG) at $12.05 per share in a bought deal financing that will raise $50 million for the Vancouver-based gold miner. The deal includes an overallotment option for up to 15% of the offering.Newcrest Mining (ASX: NCM), which owns 32% of the company, and Orion Mine Finance, which has an 11% stake, have exercised their rights...Read More
A judge in the Brazilian state of Minas Gerais has partially granted an injunction sought by prosecutors by ordering Vale (NYSE: VALE) to set aside 7.9 billion reais (US$1.5 billion) to pay potential fines related to the tailings dam collapse that killed 270 people last year.The figure adds to the 1 billion reais (US$260 million at the time) in frozen funds a federal court ordered Vale to pay affe...Read More
Palladium One (TSXV: PDM; US-OTC: NKORF) has traced a new drill target within its wholly owned Lantinen Koillismaa (LK) project in Finland, 190 km northeast of Oulu.The latest target is within the Haukiaho East induced polarization (IP) survey grid, which covers 1.6 km within the 17-km long prospective Haukiaho trend. According to the company, the anomaly covers the entirety of the geophysical gri...Read More
A global copper surplus currently in the making is expected to get worse in the next 18 months as market disruptions have created greater uncertainty in the factors affecting supply and demand for the metal, a market's insider report shows.According to the International Wrought Copper Council (IWCC), which represents copper and copper alloy producers, supply is expected to surpass demand by 285,00...Read More
Talon Metals (TSX: TLO; US-OTC: TLOFF ) has raised $4 million in a non-brokered private placement of more than 40 million common shares at a price of 10 ? a share.The funds will be used to advance its Tamarack nickel-copper-cobalt project in north-central Minnesota, about 89 km west of Duluth and 210 km north of Minneapolis.Resource Capital Funds participated in the offering, purchasing 21.13 mill...Read More
Drilling at Silver One Resources' (TSXV: SVE; US-OTC: SLVRF) Candelaria project in Nevada has expanded higher-grade mineralization between the past-producing Mount Diablo and Northern Belle pits at depth and confirmed near-surface lower-grade mineralization around the two pits.The company has recently drilled nine holes at the project. Highlights include 8 metres of 237 grams silver per tonne; 19...Read More
A preliminary economic assessment (PEA) of the Samapleu nickel-copper project in Cote d'Ivoire estimates production of 14,100 tonnes copper concentrate per year over a 20-year mine life from three open pits, Sama Resources (TSXV: SME; US-OTC: SAMMF) says.The early-stage study envisions a plant that would process 2.4 million tonnes per year of run-of-mine mineralized material to produce 39,000 tonn...Read More
My friends are now asking me about gold stocks. "I saw a video of you talking about Franco Nevada (NYSE: FNV) from February," the text read this week. "Do you still feel that way?"All Franco has done is double from its March lows. And I believe it - and gold prices - are going higher for many reasons that existed before the virus. Reasons that have now been both compounded and exacerbated. I've...Read More
Gold Springs Resource Corp's Geologists, Randy Moore and Henry Black, discusses the new Juniper Target at the Gold Springs ...Read More
Zambia is moving to amend gold-mining rules so that they treat the metal as strategic.Read full newsRead More
Singapore's National Environment Agency (NEA) has signed a US$1.5bn contract for the delivery of the Tuas Nexus Integrated Waste Management Facility (IWMF), which includes a 400 tonnes per day (tpd) anaerobic digester.Read full newsRead More