The tough times will pass for boom-and-bust mining sector
I have been working with a great group of young professionals lately that have generated some interesting conversations. Some of them voiced fears and dismay at what the world is…
Gold
Golden Arrow walks away from Argentina silver-gold project
Golden Arrow Resources (TSX-V: GRG) has terminated its option to acquire a 75% stake in the Libanesa silver-gold project in Argentina’s Santa Cruz province. The company said it would focus instead…
Kenorland Minerals options Alaska copper project to Antofagasta
Junior Kenorland Minerals (TSXV: KLD) has inked an earn-in agreement with Antofagasta (LSE: ANTO) that gives the Chilean miner an option to acquire a 70% interest in the Tanacross copper-gold…
Barrick, Pakistan set funding structure for Reko Diq copper-gold project
Barrick Gold (TSX: ABX; NYSE: GOLD) and the Pakistan government have agreed on the structure governing the funding and profit-sharing of the US$7 billion Reko Diq copper-gold deposit. The agreement in…
Tudor Gold drills 4.5 metres of 20.61 g/t gold at Treaty Creek in BC
Tudor Gold (TSXV: TUD) has delivered new, high-grade gold results from its 2022 exploration program at its flagship property, Treaty Creek, located in the heart of British Columbia’s Golden Triangle….
US markets flat over July 11-15 trading week
Over the July 11-15 trading week, the Dow Jones Industrial Average gained 113.23 points, or 0.36%, to 31,451.38, and the S&P 500 fell 8.27 points or 0.21% to 3,891.11. Shares…
TSX sees more pain during July 11-15 trading week
July 11-15 was another painful week for metals markets and equities. The S&P/TSX Composite Index slid 628.41 points, or 3.3% to 18,394.45; the S&P/TSX Global Mining Index lost 5.44 points…
Franco-Nevada invests US$352M in Tocantinzinho gold project in Brazil
Gold streaming company Franco-Nevada (TSX: FNV; NYSE: FNV) has committed US$352.5 million to a finance package totalling US$481 million for the Tocantinzinho project located in Pará state, Brazil, currently held…
Barrick close to final deal with Pakistan on US$7B copper project
Barrick Gold (TSX: ABX; NYSE: GOLD) said on Monday it’s close to a final framework agreement with the Pakistan government to develop the giant Reko Diq copper-gold deposit, close to the…
Gold Fields unlikely to further sweeten Yamana deal: CEO
South African miner Gold Fields (NYSE: GFI; JSE: GFI) trusts that Yamana Gold’s (TSX: YRI; NYSE: AUY) shareholders will back its planned US$6.7-billion takeover of the Canadian gold miner. The…
Wesdome shares fall after miner misses analysts’ Q2 forecasts
Shares of Wesdome Gold Mines (TSX: WDO) fell to their lowest in a year after the company reported a “weak” performance in its second quarter and said that it would…
Cost of expansion at Rio Tinto’s Oyu Tolgoi rises again
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) flagged on Friday a cost increase of $300 million for the ongoing expansion of its massive Oyu Tolgoi copper-gold mine in Mongolia….