Eldorado crushes first ore at Skouries, eyes Q3 output
Eldorado Gold (TSX: ELD; NYSE: EGO) has processed first ore through the crushing circuit at its Skouries copper-gold project in northern Greece as the company remains on track for first…
Gold
Getchell Gold sees $905M value for Fondaway Canyon
Getchell Gold (CSE: GTCH; US-OTC: GGLDF) says a revised preliminary economic assessment (PEA) for its proposed Fondaway Canyon open-pit gold mine in Nevada has boosted the project’s value by 67%…
Lundin keeps forecast despite Chile winter storm shutting Caserones
Lundin Mining (TSX: LUN) said a severe winter storm in northern Chile has temporarily shut its Caserones copper-molybdenum mine and disrupted operations at the Candelaria complex, but the company expects…
Barrick bets on BC with 9.9% Kingfisher stake
Barrick Mining (TSX: ABX; NYSE: B) is acquiring an almost 10% stake in Canadian explorer Kingfisher Metals (TSX-V: KFR) through a $20.9-million private placement, backing the junior’s exploration efforts in…
Seabridge Gold lands $100M loan despite KSM snags
Seabridge Gold (TSX: SEA; NYSE: SA) has secured a $100-million (C$137-million) credit line from an unnamed investor to advance its KSM project in British Columbia despite mounting legal uncertainty surrounding…
Lassonde’s Cadillac targets $363M IPO
Cadillac Mines, chaired by Canadian Mining Hall of Famer Pierre Lassonde, aims to raise up to $363 million (US$258 million) in an initial public offering (IPO) that counts Agnico Eagle…
Orezone restarts Quebec mine after wildfire pause
Orezone Gold (TSX: ORE) resumed operations at its Casa Berardi gold mine in Quebec on Friday evening after a three-day voluntary suspension prompted by nearby wildfire activity, while maintaining its…
London Gold offers $25M for Bolivia-focused Bocana
Privately held London Gold LLC is moving towards a $25 million (C$35 million) cash and stock deal for Americas-focused explorer Bocana Resources (TSXV: BOCA), which holds the Escala project in…
Rule Symposium Video: Central banks double gold-buying
Central banks are recasting gold as a monetary asset as sanctions, inflation and credit risk push reserve managers away from paper currencies, World Gold Council Senior Market Strategist Joseph Cavatoni…
Awalé gold-copper assays at Odienné point to bigger lode in West Africa
New assay results from Awalé Resources’ (TSXV: ARIC) Newmont- (TSX: NGT; NYSE: NEM) backed gold-copper Odienné project in Côte d’Ivoire show the high-grade core of the BBM target extends under the…
Gold demand in China at decade low in June, WGC says
China’s physical gold demand remained near decade lows in June despite falling gold prices, suggesting cheaper valuations have yet to revive the world’s largest gold market. June withdrawals from the…
Thunder Gold assays suggest Tower Mountain expansion in Ontario
New drilling by Thunder Gold (TSXV: TGOL; US-OTC: TGOLF) at its Tower Mountain project in Ontario has confirmed the deposit’s main trend continues at depth and remains open for further…