TSX slips as gold stumbles, July 23-27
Canada’s benchmark index fell 0.25% to 16,393.95. The S&P/TSX Global Mining Index rose 0.98% to 72.68, while the S&P/TSX Global Gold Index fell 3.58% to 182.08. The gold price fell…
Gold
Orford buys Condor Precious Metals, bags $1.3 million
Toronto-based gold junior Orford Mining (TSX-V: ORM) has completed its acquisition of privately held Condor Precious Metals Inc., which holds $1.25 million in cash and marketable securities plus two royalties…
Tanzania Royalty updates PFS after government-forced review
Tanzanian Royalty Exploration (TSX: TNX; NYSE: TRX) has tabled an updated pre-feasibility study (PFS) for its Buckreef gold project in Tanzania with a reserve estimate. It replaces last year’s PFS,…
Yamana set to exceed 2018 gold production guidance
Yamana Gold (TSX: YRI; NYSE: AUY) expects to exceed its previous 2018 production guidance of 900,000 oz. gold after achieving higher than expected production at its Chapada, Canadian Malartic, Jacobina…
Condor Gold eyes resolution to slow permitting in Nicaragua
After a nearly two-year delay, Condor Gold (TSX: COG; US-OTC: CNDGF; LON: CNR) is confident the Nicaraguan government will soon issue the company an environmental permit to build and operate…
Lundin’s NGEx sees big potential in Josemaria
NGEx Resources (TSX: NGQ) is moving ahead with a prefeasibility study on its Josemaria copper-gold porphyry deposit in Argentina’s San Juan province, and believes it can wrap it up by…
OceanaGold tables strong financials despite production dip
Melbourne-based gold miner OceanaGold (TSX: OGC; ASX: OGC) has recorded a particularly robust first half of the year, with profits rising up 45%, revenue up 21%, and debt cut in…
Barrick loses US$94M in Q2
Barrick Gold (TSX: ABX; NYSE: ABX) reported a net loss of US$94 million (8¢ per share) in the second quarter on revenues of US$1.71 billion. In the same quarter a…
McEwen Mining releases Black Fox drill results
Since acquiring the Black Fox complex in northern Ontario last October, McEwen Mining (TSX: MUX; NYSE: MUX) has set aside $15 million for exploration in 2018 to test for extensions…
Klondex spinoff Havilah Mining begins trading
With Hecla Mining‘s (NYSE: HL) takeover of Klondex Mines now completed, the resulting Klondex spinoff company Havilah Mining (TSXV: HMC) has started trading as of July 25, with its primary listing…
Ecuador eases rules on early-stage exploration drilling
Ecuador’s Minister of Energy and Non-Renewable Natural Resources says holders of mining concessions can now drill on early-phase exploration projects in the country. Previously, drilling was only permitted during the…
Western Atlas Resources founder and CEO boosts stake in company
President and CEO Fabio Capponi of Western Atlas Resources (TSXV: WA) has increased his stake in the company to 23.37%, or 13.67 million common shares. The junior exploration company with…