Mayfair lines up $310M for Ontario gold project
Mayfair Gold (TSXV: MFG; NYSE-A: MINE) has reached a preliminary financing agreement with Australia’s Macquarie Bank for up to $310 million (US$218 million) to help develop its Fenn-Gib gold project…
Stock Markets/Investing
Gold Fields halts Windfall work as Quebec permit lapses
COLORADO SPRINGS, Colo. – South Africa’s Gold Fields (NYSE, JSE: GFI) has paused underground development at Windfall in Quebec after an exploration-work permit expired, leaving its proposed $1.9 billion (C$2.7…
Arizona Gold finds high-grade zones at main project
New drilling by Arizona Gold & Silver (TSXV: AZS; US-OTC: AZASF) at its Philadelphia project in Arizona has encountered high-grade zones that extend gold mineralization below the Red Hills target….
Panama panel backs path to Cobre Panama restart
Panama should negotiate a restart of First Quantum Minerals’ (TSX: FM) Cobre Panama mine to fund its eventual orderly closure without burdening the state, a ministerial committee has recommended to…
Hercules extends Idaho copper discovery
Hercules Metals (TSXV: BIG; US-OTC: BADEF) has extended its Southern Flats copper discovery in Idaho, enlarging a target that may connect with the Leviathan system to the north. Hole HER-26-01…
Hancock disputes report of rare-earths paper loss
Australia’s Hancock Prospecting is disputing a report by the Australian Financial Review that falling shares of MP Materials (NYSE: MP) and Lynas Rare Earths (ASX: LYC) have cut the value…
Mining Forum: Miners have cash but lack the crews
COLORADO SPRINGS, Colo. – Major miners have the money to expand but face shortages of skilled workers and contractors that threaten to delay new production and drive up construction costs,…
Golden Cariboo outlines nearly 1M oz inferred in BC
Golden Cariboo Resources (CSE: GCC; US-OTC: GCCFF) has outlined an initial resource of 175,000 indicated oz. gold and 995,000 inferred oz. at its past-producing Quesnelle property in central British Columbia,…
Video: Mining’s next generation faces the test
Mining’s younger leaders are setting out to build companies that can survive the next downturn as veteran executives prepare to hand over control. Last week at the Precious Metals Summit…
Mining Forum: US needs Canada to break China’s minerals grip
COLORADO SPRINGS, Colo. – Washington’s hostility towards Canada threatens its effort to reduce dependence on Chinese minerals, former U.S. sanctions official Edward Fishman said Monday. The United States has the…
Northern Star rejects undervalued A$38.7B Gold Fields bid
Northern Star Resources (ASX: NST) has rejected an unsolicited A$38.7-billion ($27.2-billion) takeover proposal from Gold Fields (JSE, NYSE: GFI), saying the bid materially undervalues the embattled Australian gold producer and…
B2Gold strikes new Goose gold zone
B2Gold (TSX: BTO; NYSE-A: BTG) has discovered a new high-grade gold zone at its Goose mine in Nunavut as the operation recovers from an April crusher fire and remains on…