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….
Gold
Barrick sees 5.4% bump in quarterly gold output; copper production up 18.8%
Barrick Gold (NYSE: GOLD; TSX: ABX) has reported its preliminary second quarter operating results, showing total gold production of 1 million oz. and copper production of 120 million lb. During…
Wallbridge spins out nickel assets to focus on gold
Wallbridge Mining (TSX: WM; US-OTC: WLBMF) is selling its nickel assets to Archer Exploration (CSE: RCHR) in an all-share deal worth $53.6 million. The company said it wants to focus…
Ecuador court endorses environmental permits for Dundee’s Loma Larga
Dundee Precious Metals (TSX: DPM) has scored a win in Ecuador as a local court upheld the validity of the company’s environmental permits for exploration at its Loma Larga gold underground…
Pure Gold mulls company sale as part of strategic review
Cash-strapped Pure Gold Mining (TSXV: PGM; LSE: PUR) has kicked off a strategic review process that could involve a potential sale or merger of the company, a sale of all…
Meridian Mining hopes to boost resource at Cabaçal with new gold vein
Meridian Mining (TSXV: MNO; US-OTC: MRRDF) has reported the discovery of a new high-grade gold vein at the northwest extension of its Cabaçal copper-gold project at Mato Grosso in west-central…
Video: Mining veteran explains why fossil fuels are needed on path to green economy
Building a net-zero economy is critical, but using fossil fuels still will be necessary for decades to come, said Pierre Lassonde, co-founder of Franco-Nevada on June 8 in Toronto at…
Royal Gold acquires Great Bear Royalties for $200M
Leading precious metals streaming company Royal Gold (NASDAQ: RGLD) has signed a definitive agreement to acquire all of the issued and outstanding shares of Great Bear Royalties (TSXV: GBRR) for…
Gold Fields offers higher dividends to win Yamana deal backing
South African miner Gold Fields (NYSE: GFI; JSE: GFI) promised an improved dividend policy and a Toronto Stock Exchange listing in a bid to win shareholders who have expressed reservations…
Eldorado Gold closer to restarting construction at Skouries in Greece
Eldorado Gold (TSX: ELD; NYSE: EGO) is pushing ahead with pre-construction work at its Skouries gold-copper project in northern Greece, which was halted from 2017 to last year due to…
CAVU Energy Metals hits 2.80% copper-equivalent at Hopper project
Results from the first four diamond drill holes at its Hopper porphyry/skarn copper-gold project in southwestern Yukon are encouraging, says junior explorer CAVU Energy Metals (CSE: CAVU; US-OTC: CAVVF). The…
Labrador Gold’s shares gain on best grades cut at Kingsway to date
The Toronto-quoted equity of Labrador Gold (TSXV: LAB; US-OTCQX: NKOSF) closed 4% higher on Thursday after reporting the highest-grade intercepts to date from the flagship Kingsway project in Newfoundland. The…