Kinross Gold sells Russian assets to Highland for US$680M
Kinross Gold (TSX:G; NYSE:KGC) is selling its Russian assets to Highland Gold Mining for a total of US$680 million in cash, the Canadian miner said on Tuesday, a month after…
Gold
Hemlo Explorers stock jumps 53% as Barrick weighs Pic earn-in
The Toronto-quoted equity of Hemlo Explorers (TSXV: HMLO) jumped more than 53% on Monday after the company revealed it had entered a binding term sheet with Barrick Gold (TSX: ABX; NYSE: GOLD)…
Centerra Gold hands Kumtor mine to Kyrgyzstan, ending dispute
Centerra Gold (TSX: CG) and the Kyrgyz Republic have reached an out-of-court settlement in which the Canadian miner agrees to hand control of its expropriated Kumtor operation to the country’s government, ending an almost…
Torex Gold updates Morelos Complex plans
Torex Gold Resources (TXG.TO) has released an updated technical report for the Morelos gold complex in Mexico, including an integrated life of mine plan and economics for the El Limón…
Sabina Gold completes $126.5M bought deal; Goose project now fully financed
Sabina Gold & Silver (TSX: SBB; OTC: SGSVF) has completed a bought-deal offering with a syndicate of underwriters led by BMO Capital Markets for gross proceeds of $126.5 million. The…
Kinross in negotiations to sell Russian mines
Canada’s Kinross Gold Corp (TSX: K; NYSE: KGC) has entered exclusive negotiations with an unnamed third-party mining company after receiving several proposals to sell all its Russian assets. As part…
S&P upgrades Barrick credit rating
S&P Global Ratings has upgraded Barrick Gold’s (TSX: ABX; NYSE: GOLD) long-term corporate credit rating a notch from BBB to BBB+. With a ‘stable’ outlook, S&P in a note said…
Osisko Development closes US$32.8M final tranche of non-brokered financing
Osisko Development (TSXV: ODV) has closed the second tranche of its previously announced non-brokered private placement. More than 9.4 million subscription receipts of the company were issued under this tranche…
Pure Gold Mining needs to raise $50M to keep its Red Lake mine running
Shares of Pure Gold Mining (TSXV: PGM) fell to its lowest in a year after the company announced it will need to raise funds within the next 30 days to…
TSX Venture Exchange rises, Mar. 21-25
The S&P/TSX Venture Composite Index rose 19.65 points or 2.3% over the Mar. 21-25 trading week to end at 866. The top two gainers on the Venture Exchange by value…
Mining among sectors most affected by climate change in the US
Mining, together with construction, retail trade and services, is among the sectors most affected by cold and wet weather consequence of climate change in the United States. A recent study…
Global Gold Snapshot: Eight companies scouring the globe for gold
With gold prices approaching US$2,000 per oz., gold exploration and mine development remain important drivers for many mining companies. Here are eight global gold explorers to watch. ANACORTES MINING Vancouver-headquartered Anacortes…