Beaty, Sprott back Scorpio Gold in Nevada
Nevada-focused Scorpio Gold (TSXV: SGN; US-OTC: SRCRF) says it has received an $8-million (US$5.8-million) investment from Canadian mining entrepreneurs Ross Beaty and Eric Sprott to…
Gold
SolGold shifts to Swiss HQ, fast-tracks Cascabel
Ecuador-focused SolGold (LSE: SOLG) has moved its tax domicile to Switzerland as it pushes its flagship Cascabel copper-gold project into development. The shift, effective August…
B.C. OKs Mt Polley copper-gold pit expansion
British Columbia has approved Imperial Metals’ (TSX: III) plan to deepen and extend the Springer pit at the Mount Polley copper-gold mine, adding about eight…
Burkina Faso’s nationalization rattles West Africa’s gold sector
Burkina Faso is accelerating its drive to nationalize natural resources, requesting this week to buy another 35% of West African Resources’ (ASX: WAF) Kiaka gold…
Luca Mining expands Tahuehueto mine with Fresnillo land deal
Canada’s Luca Mining (TSX-V: LUCA) has bought the Humaya 3 mining concession in Durango, Mexico, from Minera Mexicana La Ciénega, a unit of Fresnillo (LON:…
Alaska fast tracks permits with new fed deal
Alaska aims to move priority mining and oil-and-gas proposals faster through permitting after signing a new agreement with federal regulators. The FAST-41 cooperation with Alaska,…
Newmont plans sweeping job cuts: Bloomberg
Newmont (TSX: NGT; NYSE: NEM) is preparing a major cost-reduction plan that could lead to thousands of job losses, Bloomberg reported on Wednesday, citing people…
Equinox Gold kicks off ore processing at Valentine
Equinox Gold (TSX, NYSE-A: EQX) has begun processing ore at its Valentine gold mine in Newfoundland and Labrador, with first gold expected next month. “I…
Hochschild plunges after slashing Mara Rosa forecast
Hochschild Mining (LSE: HOC.L) shares plunged on Wednesday after the company slashed its full-year production forecast from the Mara Rosa mine by more than half,…
First Nations buy BC port serving Newmont mines
Two First Nations groups have partnered with a trucking company to buy a bulk terminal port near British Columbia’s border with Alaska serving Newmont’s (TSX:…
US adds copper, potash, silicon to critical minerals list
The U.S. government has added copper, potash and silicon to its draft list of critical minerals in the most significant overhaul since it was first…
$1M gold up for grabs as Canada Treasure Hunt begins
There’s more than $1 million in physical gold hidden somewhere in Canada, but rather than your grandfather’s pick axe and head lamp, only knowledge and…