Richmont studies Island Gold expansion, steps up exploration
VANCOUVER — Richmont Mines (TSX: RIC; NYSE: RIC) has completed a preliminary economic assessment (PEA) at its flagship Island Gold operation in Ontario in late May that models 115,000 oz….
Gold
The Northern Miner podcast – episode 61: Junior mining & exploration special ft. Mickey Fulp
There’s plenty to talk about on this week’s Northern Miner podcast as Matt swings by the International Metal Writers Conference in Vancouver to catch-up with some of our favourite newsletter…
Lundin Gold secures up to US$450M for Fruta del Norte
The stars are aligning for Lundin Gold (TSX: LUG) at its large, wholly owned Fruta del Norte (FDN) gold project in Ecuador. On May 30, the company announced a US$400-…
Trek extends mineralization at Aurizona
Shallow step-out holes drilled at Trek Mining’s (TSXV: TREK) wholly owned Aurizona gold project in Brazil have extended gold mineralization west of the past-producing Piaba open-pit mine. Drill results from…
Snapshot: Promising gold projects from NWT to Newfoundland
With gold prices on the upswing and Canada’s stable politics looking ever more appealing, Canada’s junior gold explorers are in the midst of a particularly active year. Here is a…
Barrick, Acacia embroiled in political turmoil in Tanzania
VANCOUVER — Barrick Gold (TSX: ABX; NYSE: ABX) is wrapped up in a volatile sociopolitical situation in Tanzania that could materially impact its annual gold production. The company holds a 63.9% equity stake…
New Gold eyes first production at Rainy River in September
New Gold (TSX: NGD; NYSE-MKT: NGD) is set to bring its large Rainy River gold mine online in northwestern Ontario this September, with first commercial production expected in November. “After spending…
Copper the ‘commodity of choice,’ Lukas Lundin says
Lukas Lundin, chairman of the Lundin Group of Companies, was one of the distinguished speakers at The Northern Miner’s Canadian Mining Symposium in London in early May. In a fireside…
Newmont moves forward with Ahafo expansion
Newmont Mining (NYSE: NEM) started commercial production from its Ahafo open-pit gold mines in Ghana in 2006, and is now building an underground mine on the complex called Subika. Newmont…
Colorado to raise stake in Seabridge’s KSP
VANCOUVER — Colorado Resources (TSXV: CXO) is preparing for a $4-million exploration program this year that should increase its stake in Seabridge Gold’s (TSX: SEA; NYSE: SA) KSP copper-gold property…
TSX Venture eases up, May 15-19
The S&P/TSX Venture Composite Index rose 13.26 points to a 806.9-point close, as spot gold prices gained US$27.5 to US$1,255.93 per oz., and Comex copper prices gained 6¢ to $2.58…
Wall Street dips, May 15-19
The three major U.S. stock indexes fell during the third week of May. The S&P 500 Index slipped 0.38% to 2,381.73 and the Dow Jones Industrial Average dropped 0.44% to…