Endeavour's flagship Hound?(C) mine in Burkina Faso. (Image courtesy of Endeavour Mining) Endeavour Mining (TSX:EDV) shareholders on Thursday voted overwhelmingly in favour of the previously announced acquisition of fellow Canadian gold miner Semafo (TSX: SMF) in a deal worth C$1 billion.Pursuant to the agreement, Endeavour will indirectly acquire all Semafo common shares on the basis of 0.1422...Read More
Gualcamayo mine, Argentina. Image courtesy of Image courtesy of Image courtesy of The Northern Miner. Yamana Gold (TSX: YRI; NYSE: AUY) has completed its previously arranged sale of a portfolio of royalty interests to Nomad Royalty Company for total consideration of $65 million.The sale agreement also includes the contingent payment to be received upon declaration of commercial production at the...Read More
El Cubo project. (Image courtesy of Endeavour Silver.) Canada's Endeavour Silver (TSX: EDR) (NYSE: EXK) has resumed operations at its three underground silver-gold mines in Mexico, following approvals from the country's health authorities.The Vancouver-based silver producer noted its mines and plants were ramping up to achieve normal operations. It also said exploration crews would restart ma...Read More
The Jean Marie project is located 180 kilometres north of the city of Prince George, pictured here. (Image by Eurydemus, Wikimedia Commons). Pacific Empire Minerals (TSXV: PEMC) announced it has entered into an option agreement to acquire a 100% interest in the Jean Marie project in central British Columbia, Canada.To become the sole owner of Jean Marie, Pacific Empire has to make a total cash pa...Read More
"London is the right location," Bell said in a note on Wednesday, pointing to the lack of large scale, listed precious metals businesses "and the city's familiarity with more "challenging" jurisdictions".However, Bell told readers: "Don't assume "Randgold 2.0"."Randgold Resources traded at a +30% premium to immediate peers prior to its merger with Barrick so some may extrapolate this to AngloGold....Read More
Minas Gerais Public Prosecutor (MPMG) said in a translated statement the injunction represented the highest amount ever recognised in a lawsuit of this nature in Brazil.The judge's decision had been made without the miner's prior knowledge, Vale (BZ: VALE3) said in a statement yesterday.It understood the lawsuit alleged Vale had, through its employees' actions, hindered the inspection activities o...Read More
Share this articleGreat Atlantic Resources Corp. [TSXV:GR] is pleased to announce it has begun the 2020 exploration program at its Golden Promise Gold Property, located in the central Newfoundland gold belt. Exploration will be conducted this year in numerous regions of the property focusing on areas of gold bearing quartz veins and quartz vein float and areas of gold soil geochemical anomalies. E...Read More
We learned from Interview with Kargl-Simard, President, CEO and Director of Adventus Mining Corporation (TSX-V: ADZN; OTCQX: ADVZF), that they are an exploration and development company, focused on building a copper-gold business in Ecuador. Adventus Mining is run by an all-Ecuadorian team, has one of Ecuador's largest and most respected private organizations - Nobis Group of Ecuador - as one of i...Read More
Those who got in early on the cannabis boom, buying shares of some of these cannabis companies while many were still just penny stocks, made a lot of money.I'm talking about companies such as: Canopy Growth Corporation (NYSE: CGC) (TSX: WEED), Aphria, Inc. (NYSE: APHA (TSX: APHA), Aurora Cannabis (NYSE: ACB) (TSX: ACB), Curaleaf (CSE: CURA) (OTCBB: CURLF), and Cronos Group (NASDAQ: CRON) (TSX: CRO...Read More
Two weeks ago, I lost another friend to addiction.This is the second one this year.The first was a friend of mine who was a heroin addict and overdosed, after being clean for more than a year.The second, and most recent, was Nick, who I've known for about 20 years. We're still waiting on the toxicology report to find out what happened, but I'm certain prescription opioids were involved, as I know...Read More
Wesdome Gold Mines (TSX: WDO) has released a preliminary economic assessment (PEA) for its wholly owned Kiena mine complex, 15 km northwest of Val-d'Or and 100 km east of Rouyn-Noranda in Quebec.The PEA estimates a mine life of eight years producing an average of 85,931 oz. gold annually at cash operating costs of US$374 per oz. and all-in sustaining costs (AISCs) of US$512 per ounce.The early-sta...Read More
Nomad Royalty, a new precious metals royalty and streaming company, will begin trading on the TSX on May 29, after completing a reverse takeover and acquiring the royalty portfolio of Yamana Gold (TSX: YRI; NYSE: AUY) and streaming assets from Orion Resource Partners.In addition to the two vend-in transactions, Nomad also completed a private placement financing of $13.3 million.Previously listed o...Read More
O3 Mining (TSXV: OIII) has entered an agreement with a syndicate of underwriters to raise $35 million (upsized from $30 million) for exploration at its projects in Quebec and for working capital and corporate expenses.The bought deal private placement offering co-led by Cormark Securities, Sprott Capital Partners and Canaccord Genuity, includes 4.7 million flow-through units, priced at $4.30 each,...Read More
Marathon Gold (TSX: MOZ; US-OTC: MGDPF) has completed a bought deal financing raising $34.5 million that will be spent on permitting, development and exploration at its wholly owned Valentine gold project in Newfoundland.The company issued 23 million units at a price of $1.50 each, with each unit consisting of one share plus a half warrant exercisable at $1.90 per share for a one-year period. The...Read More
Prices for lithium, one of the key ingredients for the batteries that power electric vehicles (EVs) and high tech devices, are expected to climb in two years, when shortages in the market caused by curtailed production and halted expansions start to emerge.Car sales, EVs included, have plummeted this year as a result of the coronavirus pandemic that has hit global markets.In Western Europe, where...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) has developed a way to extract high-purity scandium oxide from waste at its titanium dioxide production facilities in Quebec.The company has been using the new process, developed by researchers at the company's Rio Tinto Fer et Titane (RTFT) Research & Development Centre, to produce scandium oxide that meets market specifications since the second half of 2019 as par...Read More
Mining and recycling operations were curtailed nearly everywhere late in the March-quarter owing to widespread lockdown restrictions, resulting in a 3% year-on-year slide to the lowest production since 2015. It was also the largest year-on-year fall since the first quarter of 2017, however, the decline was "relatively modest" given the scale of the pandemic.Gold production in China, South Africa a...Read More
"And the best thing, the very best thing of all, is there's time now - all the time I need and all the time I want. Time, time, time. There's time enough at last...." Those were the words of Henry Bemis, the main character in the iconic Twilight Zone episode, "Time Enough at Last".I'm sure most of you are at least somewhat aware of it...In the story, Henry simply wanted the time to read. He had a...Read More
Since acquiring North Mara, Barrick (GOLD) is focused on improving the mine's water management with special importance on its tailings storage facility.Read full newsRead More
The program, which gives investors alternative exposure to Bitcoin via mining hardware, is available to accredited investors around the world.Read full newsRead More