Zijin Mining to acquire Continental Gold for $1.4B in cash
In the latest megadeal sweeping the gold sector, Zijin Mining Group is buying Continental Gold (TSX: CNL; US-OTC: CGOOF) for $1.4 billion in cash. The Chinese gold miner is on…
Gold
TSX rises, Nov. 25-29: Endeavour Mining, Torex, Kirkland Lake
The S&P/TSX Composite Index rose 0.5% to close at 17,040.20. The S&P/TSX Global Mining Index gained 0.46% to 77, and the S&P/TSX Global Base Metals Index rose 0.34% to 102.58….
TSX Venture moves up, Nov. 25-29: New Pacific, K92, Aurania
The S&P/TSX Venture Composite Index gained 0.34% to 531.81. Spot gold finished at US$1,464 per oz., up 0.2%. Shares of New Pacific Metals jumped 36¢, or 8.37%, to $4.66. The company…
US markets edge higher, Nov. 25-Nov. 29: Nutrien, Yamana, Vale
The Dow Jones Industrial Average rose 0.63% to 28,051.41 and the S&P 500 Index gained 0.99% to 3,140.90. Spot gold closed the trading week at US$1,464, up 0.2%. Nutrien shares…
SilverCrest discovers another high-grade zone at Las Chispas
SilverCrest Metals (TSX: SIL; NYSE-AM: SILV) has found a high-grade zone outside the resource area at its Las Chispas project in Sonora, Mexico, 220 km northeast of Hermosillo. The discovery hole…
Awalé finds high-grade gold at Odienné in Côte d’Ivoire
Vancouver-based Awalé Resources (TSXV: ARIC) has intercepted near-surface, high-grade gold at its Empire prospect, part of its 90%-owned Odienné project in northwestern Côte d’Ivoire, close to the country’s borders with…
Protests in Chile drive government to propose new constitution
In a bid to end weeks of anti-government protests and riots that have left at least 26 people dead and 13,500 injured, Chile’s political parties have agreed on a process…
Unigold finds gold mineralization at Neita in Dominican Republic
Two drill holes at Unigold’s (TSX-V:UGD) wholly owned Neita concession have intersected gold-rich massive sulphide mineralization at the project’s Candelones Extension zone. The 226-sq.-km Neita concession, 100 km southwest of Santiago…
Aurania finds ancient Spanish road at Lost Cities–Cutucu
For almost 20 years, Keith Barron has been hunting for two famous gold-mining centres in Ecuador that historic Spanish manuscripts and maps from the 16th and 17th centuries refer to…
Exploration Snapshot: Gold and silver projects of note
With the rise in the gold price over the past year, precious metals exploration has picked up steam worldwide. Below we feature eight companies across the exploration, development and production…
Newmont Goldcorp raises stake in GT Gold
Newmont Goldcorp (TSX: NGT; NYSE: NEM) is raising its stake in GT Gold (TSXV: GTT) from 9.9% to about 14.9% via an $8.3 million private placement. Currently, there are two…
Sun Metals advances Stardust
Sun Metals (TSXV: SUNM) has completed the final tranche of a $6.2-million bought-deal financing that will help it advance exploration at its wholly owned Stardust project, 250 km northwest of…