Flin Flon mining to stop in 2021, Hudbay memo says
Despite its best efforts, the “most likely scenario” is that in 2021, mining operations will cease in Flin Flon, Man., an internal memo to employees at Hudbay Minerals (TSX: HBM;…
Gold
Test mining validates Rubicon’s resource for Phoenix
Testing at Rubicon Minerals‘(TSX: RMX; US-OTC: RBYCF) Phoenix gold project has yielded positive reconciliation results that validate the 2018 mineral resource estimate, as well as the new geological model and…
Osisko grows Lynx deposit at Windfall in Abitibi
Infill drilling from March through October at Osisko Mining’s (TSX: OSK) Lynx deposit at its Windfall project, in the Abitibi greenstone belt in the James Bay region of Quebec, has…
SSR Mining takes strategic stake in SilverCrest Metals
SSR Mining (TSX: SSRM; NASDAQ: SSRM) is investing $31 million for a 9.9% stake in SilverCrest Metals (TSXV: SIL; NYSE-AM: SILV) and its Las Chispas project in Sonora, Mexico. SilverCrest…
Superior Gold drills Hermes South in Australia
Superior Gold (TSXV: SGI; US-OTC: SUPGF) recently announced results from a phase two reverse circulation drill program at its Hermes South gold project in Western Australia. The company is trying…
Interview: Rob McEwen responds to criticism of US$90M at-the-market offering
On Nov. 8, McEwen Mining (TSX: MUX; NYSE: MUX) entered an equity distribution agreement with UBS Securities, BMO Capital Markets, Cantor Fitzgerald & Co., H.C. Wainwright & Co., Roth Capital…
Eldorado resource on Bolcana estimates 6.5M ounces of gold
A maiden resource estimate on Eldorado Gold’s (TSX: ELD; NYSE: EGO) Bolcana copper-gold project in Romania, about six kilometres from the company’s Certej project, has delivered 6.5 million inferred ounces…
Newmont’s Subika underground starts commercial production in Ghana
Newmont Mining’s (NYSE: NEM) Ahafo mine in Ghana started producing gold from an open pit in 2006 and now the underground portion of the mine has launched commercial production on…
BTU acquires more land near Red Lake
BTU Metals (TSXV: BTU) has expanded its Dixie Halo gold project in Red Lake, Ont., by acquiring Burgudy Exploration and its 41.6 sq. km of prospective land in the area….
Mirasol explores in Argentina, Chile
Mirasol Resources (TSXV: MRZ; US-OTC: MRZLF) is about to do something it doesn’t do often: drill one of its own projects. The Argentina- and Chile-focused precious metals project generator is…
Maverix Metals raises guidance for 2018
Precious metals streaming and royalty company Maverix Metals (TSXV: MMX) forecasts it will exceed its previously announced guidance for the year of 18,000 to 19,000 gold-equivalent ounces. In the third…
Update: Marathon Gold hits more high-grade intercepts in Newfoundland
Infill drilling in the southwestern part of the Marathon deposit in Newfoundland continues to return high-grade gold intercepts, Marathon Gold (TSX: MOZ) reports. The company recently completed its 41,000-metre step-out…