MegumaGold to merge with Osprey Gold
Canadian juniors MegumaGold (CSE: NSAU; US-OTC: NSAUF) and Osprey Gold Development (TSXV: OS; US-OTC: OSSPF), with projects in Nova Scotia’s largest historic bullion district, are…
Gold
US Fed move sends gold soaring
The gold price surged on Monday after the U.S. Federal Reserve promised to pump “unlimited” amounts of money into the financial system, boosting the metal’s…
Unigold reports high-grade assays from Candelones in Dominican Republic
Unigold (TSX: UGD) has reported intercepts of 10.18 grams gold per tonne over 19 metres and 12.94 grams gold over 11 metres at its Candelones…
Lundin Gold suspends Fruta del Norte; Newmont withdraws guidance
Lundin Gold (TSX: LUG) has temporarily suspended operations at its Fruta del Norte gold mine in Ecuador due to COVID-19, while Newmont (TSX: NGT; NYSE:…
Endeavour Mining to buy Semafo
Endeavour Mining (TSX: EDV) gave markets a welcome break from COVID-19-related news by announcing the acquisition of Semafo (TSX: SMF) in a $1 billion (US$691…
Global Gold Snapshot: Eight firms chasing mineral riches far and wide
Given the market volatility from the spread of COVID-19, the outlook for precious metals remains uncertain. Nevertheless, gold exploration and mine development remain important drivers…
US markets tank, March 16-20: Sandstorm, Alamos Gold, Rio Tinto
The Dow Jones Industrial Average fell 17.30% (4,011.64 points) to 19,173.98 and the S&P 500 dropped 14.98%(4,061.1 points) to 2,304.92 during the Mar. 16-20 trading…
TSX falls 14%, March 16-20: Kirkland Lake, Teck, Altius Minerals
The S&P/TSX Composite Index plunged 13.59% (1,864.5 points) to finish the March 16-20 trading week at 11,851.80. The S&P/TSX Global Mining Index fell 3.42% to…
TSX Venture plummets, March 16-20: Skeena, Azimut, Rock Tech
The S&P/TSX Venture Composite Index plummeted 8.84% (34.58 points) to finish the week at 356.54. Spot gold finished the week at US$1,498.80 per oz., down…
Tanzanian Gold doubles resource for Buckreef project
Tanzanian Gold (TSX: TNX; NYSE:TRX) has updated the resource estimate for its Buckreef gold project, about 110 km southwest of the city of Mwanza in…
BTU hits more VMS-style mineralization at Dixie Halo
Drilling at BTU Metals’ (TSXV: BTU) 197-sq.-km Dixie Halo project in Ontario’s Red Lake district returned continuous volcanogenic massive sulphide-style mineralization over 300 metres, starting at…
Explorers reduce activity over coronavirus threat
With mining majors suspending expansion plans, ramping down operations and temporarily closing down head offices in response to Covid-19, development and exploration companies are also…