Glass half-full economy powers gold higher
“Stable but underwhelming growth” is what the International Monetary Fund has projected in its World Economic Outlook, released in late October. With wars in Ukraine and on two Israeli borders…
Gold
Excellon plans return to silver mining next year with Mallay mine deal in Peru
Excellon Resources (TSX: EXN; NYSE: EXN) has announced a deal to buy the past-producing Mallay silver mine in Peru, bringing the company back into silver production by mid-2025. The transaction…
Arizona Metals finds new copper-gold zone at Kay site
Arizona Metals (TSX: AMC; US-OTC: AZMCF) has discovered a new lens of mineralization in its Kay deposit on the namesake copper-gold project, outside the known deposit’s edge, the company reported…
New Found Gold makes new, high grade discovery at Queensway
New Found Gold (TSXV: NFG; NYSE-A: NFGC) has made a new discovery between the Golden Joint and Dome targets at depth in what it calls the Golden Dome at its…
Military Metals buys Cold War-era antimony projects to light up West’s night vision goggles
Military Metals (CSE: MILI; US-OTC: MILIF) is buying two antimony projects in Slovakia dating from the Soviet era to boost Western supplies for defence applications such as night vision and infrared…
FireFly glows on Newfoundland copper project resource
FireFly Metals (ASX: FFM) expanded its Green Bay copper-gold project’s contained metal by 42% in an update this week, putting it on course to restart the Ming mine in 2028 at…
Hochschild Mining adds Cerrado project to Brazil portfolio
Precious metals producer Hochschild Mining (LSE: HOC) is expanding its presence in Brazil by exercising an option to buy Cerrado Gold‘s (TSXV: CERT) Monte Do Carmo project for up to US$60 million. The…
Asante Gold announces US$525M financing to support Ghana growth plans
Asante Gold (CSE: ASE) says it expects to raise US$525 million in two stages to fund its growth plans in Ghana, where it operates the Bibiani and Chirano gold mines…
Compass Gold signs mill deal to tap Tarabala deposit in Mali within months
Shares in Compass Gold (TSXV: CVB) doubled on Tuesday after Malian business group SMAT agreed to toll-treat ore from its Tarabala deposit within five months, as the company awaits its…
AngloGold to close US$2.5B Centamin buy in November
Centamin (LSE: CEY) shareholders have voted in favour of AngloGold Ashanti’s (NYSE: AU; ASX: AGG; JSE: ANG) proposed US$2.5-billion takeover of the Egypt-focused gold miner. Centamin noted that the necessary…
Heliostar expands high-grade gold at Ana Paula, uncovering a new zone
Drill results from Heliostar Metals’ (TSXV: HSTR; US-OTC: HSTXF) Ana Paula gold project in Guerrero, Mexico, suggest potential for a resource increase and a new, near-surface find. The Vancouver-based junior…
US recycles over billion dollars in gold from electronics
The United States led all nations in terms of gold recycled from discarded electronics, according a new study by London-based metals trader The Gold Bullion Company. Using waste data from…