Site visit: Continental stays on track at Buritica
BURITICA, COLOMBIA — It has been one year since The Northern Miner last toured the Buritica gold project, and the interim has been a critical period for Continental Gold (TSX:…
Gold
Margaux releases maiden resource for Taurus deposit in BC
Margaux Resources (TSXV: MRL; US:OTC: MARFF) released a maiden resource estimate for the Taurus deposit on its Cassiar gold project in British Columbia. Taurus contains inferred resources of 21.8 million…
US markets rise, Sept. 3-6: Teck, Seabridge, Newmont Goldcorp
The Dow Jones Industrial Average rose 1.49% to 26,797.46, and the S&P 500 Index gained 1.79% to 2,978.71. Spot gold fell US$13.10 per oz. to finish at US$1,506.50 per oz….
Treasury’s Goliath project gets environmental approval
The Canadian Environmental Assessment Agency has given Treasury Metals (TSX: TML; US-OTC: TSRMF) the green light to develop its wholly owned Goliath gold project, 20 km east of Dryden in…
McEwen Mining bulks up Black Fox complex
Two years ago, McEwen Mining (TSX: MUX; NYSE: MUX) purchased the Black Fox mine complex in northeastern Ontario for US$35 million. The complex — 70 km from Timmins and 9…
Metals Commentary: Economic uncertainty drives gold prices higher
The gold industry feels optimistic for the first time in years, as the price of the precious metal steadily rises amid fears of a global economic downturn. Gold miners, in…
Ontario Snapshot: Eight companies with Ontario mines and exploration projects
Ontario is the largest mineral-producing province by value in Canada. Last year the province produced $10.1 billion in minerals, or 21.4% of Canada’s $47-billion worth of mineral production. It also…
Teranga’s Wahgnion gold mine starts ahead of schedule
Teranga Gold’s (TSX: TGZ; US-OTC: TGCDF) Wahgnion open-pit gold mine in Burkina Faso started processing ore in August, two months ahead of schedule, and is expected to produce 30,000 to 40,000 oz….
Argonaut Gold to hedge gold from El Castillo
After a challenging second quarter at its El Castillo complex in Mexico, Argonaut Gold (TSX: AR) will hedge part of the operation’s remaining life-of-mine production. The company told shareholders in…
Probe Metals hikes resource estimate at Val-d’Or East
Probe Metals (TSXV: PRB; US-OTC: PROBF) has released an updated resource estimate for its Val-d’Or East project in Quebec. The project consists of three of its wholly owned properties — Pascalis,…
Rubicon optimistic on Phoenix study
A positive preliminary economic assessment (PEA) suggests Rubicon Minerals’ (TSX: RMX; US-OTC: RBYCF) once-troubled Phoenix gold project in northwestern Ontario could rise again. Trial mining of Phoenix’s F2 gold deposit…
Minera takes stake in Prime Mining
Minera Alamos (TSXV: MAI; CVE: MAI) has acquired a 16% interest in Prime Mining (TSXV: EPWR) — formerly known as ePower Metals — after buying 9.45 million Prime shares at 30¢ per share…