Rio Tinto shifts responsibility for coal power plant at Oyu Tolgoi
Rio Tinto (NYSE: RIO; LSE: RIO) has reached an agreement with Mongolia regarding the construction of a power plant to supply the giant Oyu Tolgoi copper and gold mine, located…
Gold
Rupert Resources extends gold mineralization at Pahtavaara in Finland
Rupert Resources (TSXV: RUP) has reported two new drill results from its recently discovered Ikkari target at its wholly owned Pahtavaara gold project, located in northern Finland’s Central Lapland Greenstone…
Editorial: This and That
Let’s face it, at times like these, editorial writers are spoiled for choice. How does one choose among the most pertinent topics of the day? The surge in new coronavirus…
TSX Venture rises, June 22-26
The S&P/TSX Venture Composite Index rose 5.56% to finish the trading week at 598.74. Spot gold jumped US$27.70 per oz., or 1.59%, to US$1,771.50 per ounce. Great Bear Resources topped…
US markets fall, June 22-26
A surge in coronavirus cases in parts of the United States undermined market sentiment. The Dow Jones Industrial Average fell 3.31% to 25,015.55 and the S&P 500 dropped 2.86% to…
Canada clears Endeavour Mining-Semafo merger
Canadian regulators have given Endeavour Mining (TSX: EDV) the go-ahead for the acquisition of smaller rival Semafo (TSX: SMF), which would create West Africa’s top gold producer. The Minister of…
TSX drops, June 22-26
The S&P/TSX Composite Index fell 1.84% to 15,189.00 during the June 22-26 trading week. The S&P/TSX Global Mining Index rose 4.24% to 88.72, and the S&P/TSX Global Base Metals Index…
GoldMining creates royalty subsidiary
GoldMining (TSX: GOLD; US-OTC: GLDLF) has created a wholly owned royalty company – Gold Royalty – with a portfolio of 14 newly created royalties on GoldMining’s gold assets in the…
Tanzanian Gold begins production at Buckreef
Tanzanian Gold (TSX: TNX; NYSE: TRX) has produced commercial-grade gold for the first time from the oxide processing plant at its Buckreef gold project, south of Lake Victoria and 110…
Harmony Gold raises US$200M to buy AngloGold assets
Harmony Gold (NYSE: HMY) said on Thursday it had raised $200 million from a planned shares placement to partly fund its acquisition of rival AngloGold Ashanti’s (NYSE: AU) assets in…
Riverside options Los Cuarentas gold-silver project to Hochschild
Riverside Resources (TSXV: RRI; US-OTC: RVSDF) has optioned its Los Cuarentas project, in Sonora, Mexico, to Hochschild Mining (LSE: HOC) in a deal that will see the major spend US$8…
Pure Gold targets year-end production at Red Lake
Pure Gold Mining’s (TSXV: PGM; LSE: PUR) Red Lake mine is expected to pour first gold in the fourth quarter of this year as development progresses ahead of schedule. The…