Update: Bear Creek Mining acquires Mercedes mine from Equinox
The company says the Mercedes acquisition will provide a source of funding for future construction of its Corani silver mine.
Fast News
New Chubut law could pave way for Pan American’s Navidad project after a decade
Argentina’s Chubut province approved a legislative bill this week that could potentially modify a 19-year-old law against open pit mining and allow Pan American Silver (TSX: PAAS; NASDAQ: PAAS) to advance its…
Victoria Gold lowers production guidance due to supply chain troubles
Victoria Gold (TSX: VGCX) expects 2021 gold production to be 10% lower than its previous guidance of 180,000 oz. due to supply chain issues. It produced 114,726 oz. gold in the first nine months of the…
Jervois up despite inflation pressuring Idaho Cobalt Operations capex higher
Shares in Australian battery metals company Jervois Global (ASX: JRV; TSXV JRV) were trending more than 5% higher on December 16 despite an overnight announcement that the expected capital expenditure…
Lundin Gold estimates three-year production at 400,000 oz. annually
Lundin Gold (TSX: LUG), 100% owner of the Fruta del Norte mine in Ecuador, estimates that over the next three years the mine will average 400,000 oz. of gold annually….
Rockcliff reports high-grade drill results from Copperman project in Manitoba
Rockcliff Metals (CSE: RCLF; US-OTC: RKCLF) has released high-grade copper and zinc assays from the first phase of its drill program at the Copperman property in Manitoba, about 120 km from the junior explorer’s Bucko mill in the Snow…
SolGold reports first resource estimate for Cacharposa deposit in Ecuador
SolGold (TSX: SOLG; LSE: SOLG) has released an initial resource estimate for its Cacharposa porphyry copper-gold deposit, part of the company’s Porvenir project in southern Ecuador, about 100 km south…
Stronger metal prices lift NPV of Copper Mountain’s Eva project in Australia to US$622M
Copper Mountain Mining (TSX: CMMC; ASX: C6C) has updated the economics for its Eva copper project, finding healthier economics thanks to higher metals prices, but also a higher capital commitment….
Petra Diamonds to sell half its stake in Williamson mine
Tanzanian technical services contractor Caspian is paying $15 million for a 31.5% stake in the mine.
Orla pours first gold at Camino Rojo in Mexico
Orla Mining (TSX: OLA; NYSE: ORLA) has accomplished the first gold pour at its Camino Rojo gold-silver project in Mexico’s Zacatecas state. The first pour occurred on schedule on December…
New Gold sells Blackwater gold stream to Wheaton for US$300 million
New Gold (TSX: NGD) is selling its gold stream on the Blackwater project in British Columbia to Wheaton Precious Metals (NYSE: WPM; TSX: WPM; LSE: WPM) for US$300 million. The gold…
Altus in the red on Newcrest royalty buy
The London-quoted equity in Altus Strategies (AIM: ALS; TSXV: ALTS; US-OTC: ALTUF) traded more than 14% in the red on Tuesday following the overnight announcement that it and a privately-held…