Mining exploration spending to drop 29% this year
The rally in the gold price will not be enough to prevent 2020 turning into the worst year in 15 for global exploration spending. According to a new report by…
Gold
Rockcliff hits near-surface copper and zinc at Freebeth in Manitoba
Phase one drilling at Rockcliff Metals’ (CSE: RCLF) Freebeth property in central Manitoba has returned high-grade copper and zinc mineralization including 5.28% copper equivalent over 2 metres and 4% copper-equivalent…
Kirkland Lake Gold invests in Melkior Resources
Kirkland Lake Gold (TSX: KL; NYSE: KL) has struck a strategic partnership with Melkior Resources (TSXV: MKR), which is advancing its flagship Carscallen gold project in the Timmins gold camp…
Caldas Gold to acquire Juby gold project in Ontario
Colombia-focused Caldas Gold (TSXV: CGC) is casting its eyes on Canada with plans to acquire the Juby gold project, 11 km southeast of the Timmins gold camp in Ontario in…
Barrick, Japan Gold kick off exploration program
Barrick Gold (TSX: ABX; NYSE: GOLD) and Japan Gold (TSXV: JG) have begun their joint exploration program in the Asian country under an alliance formed in February, which seeks to…
Kore Mining releases ‘exciting’ results at FG gold project
Kore Mining (TSXV: KORE; US-OTC: KOREF) has released assay results from the top of hole 20-368 completed at its wholly owned 130-sq.-km FG gold property, 100 km east of Williams…
McEwen Mining posts $99M loss on Gold Bar write-down
McEwen Mining (TSX: MUX; NYSE: MUX) posted a net loss of US$99.2 million, or US25¢ per share, for the quarter ended March 31, primarily due to a US$83.8 million impairment…
Newmont restarts mines as restrictions ease
With restrictions on mining due to the coronavirus pandemic starting to ease, Newmont (TSX: NGT; NYSE: NEM) is back on track with all but one of its mines – Musselwhite…
TSX Venture rises, May 11-15: Abitibi Royalties, Rupert Resources, Pure Gold, Melkior Resources
The S&P/TSX Venture Composite Index rose 3.32% to 508.99 and gold continued to make gains, rising US$39.30 per oz., or 2.26%, to close at US$1,742.20 per ounce. Abitibi Royalties saw…
US markets fall, May 11-15: Franco-Nevada, Hecla, Coeur, Newmont
As decisions about reopening businesses continued to vary from state to state in the U.S., the Dow Jones Industrial Average fell 2.73% to 23,685.42, while the S&P 500 dropped 2.31%…
JV Article: Tempus Resources funds gold exploration in Canada and Ecuador with A$4M raise
Australia-based Tempus Resources (ASX: TMR) has raised A$4 million (US$2.6 million) in a private placement to fund exploration work at its Blackdome-Elizabeth project in B.C., Canada and at its Zamora…
Turquoise Hill says Oyu Tolgoi blowout could top US$1.8B
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) announced that an ongoing expansion of the giant Oyu Tolgoi copper-gold-silver mine in Mongolia is expected to cost an additional US$1.8 billion. The…