Alexco receives key water permit for Keno Hill
Alexco Resource (TSX: AXU; NYSE-AM: AXU) has received a draft water licence from the Yukon Water Board for its Keno Hill silver operation, and is moving forward with plans to produce…
Silver
Rio Tinto to drill Janice Lake copper-silver project in Saskatchewan
Rio Tinto (NYSE: RIO; LSE: RIO) has started exploration at Forum Energy Metals’ (TSXV: FMC) Janice Lake sedimentary copper-silver project in northern Saskatchewan. The major is earning up to an…
Caldas Gold, Wheaton reach US$110M streaming deal
Caldas Gold (TSXV: CGC) has announced a US$110 million streaming transaction with Wheaton Precious Metals (TSX: WPM; NYSE: WPM) to expand operations at the Marmato project in Colombia. The proceeds…
Silver Dollar options First Majestic’s La Joya project
Canadian junior Silver Dollar Resources (CNSX: SIL) plans to earn 80% of First Majestic Silver’s (TSX: FR; NYSE: AG) La Joya silver-copper-gold project, 75 km southeast of the city of…
Crystal Lake targets porphyry system in BC
Last year’s maiden diamond drill program at the Burgundy Ridge area within Crystal Lake Mining’s (TSXV: CLM; US-OTC: SIOCF) 551-sq.-km Newmont Lake property in the Golden Triangle returned broad copper-gold-zinc-silver…
Skeena progresses Eskay Creek to prefeasibility
Skeena Resources (TSXV: SKE; US-OTC: SKREF) has started a preliminary feasibility study (PFS) for the Eskay Creek gold-silver project in the province’s Golden Triangle area. “The PFS is the next…
TSX drops June 8-12: Barrick, Starcore, B2Gold
Concerns about a new surge of coronavirus infections sent the S&P/TSX Composite Index down 3.77%, or 597.50 points, to finish the June 8-12 trading week at 15,256.57. Spot gold rose…
Evrim Resources and Renaissance Gold join in ‘merger of equals’
Evrim Resources (TSXV: EVM) is combining forces with Renaissance Gold (TSXV: REN; US-OTC: RNSGF) in a ‘merger of equals’ and forming a new company called Orogen Royalties that will focus…
New Gold sells Blackwater to Artemis for $190M in cash
New Gold (TSX: NGD; NYSE-AM: NGD) is selling its Blackwater project in central B.C. to Artemis Gold (TSXV: ARTG) for $190 million in cash. Under the deal, New Gold will…
Callinex discovers new silver zone at Nash Creek
Drilling at Callinex Mines’ (TSXV: CNX; US-OTC: CLLXF) 118-sq.-km Nash Creek project in the Bathurst mining district of New Brunswick has encountered a new zone of silver mineralization, 9.6 km…
BofA forecasts metal price recovery post-COVID-19
Bank of America forecasts global copper consumption could contract by 18% year-over-year in 2020 should global GDP drop by an estimated 4.2% due to economic disruptions caused by the coronavirus…
BMO raises long-term precious metal price forecasts
BMO Capital Markets has hiked its long-run gold and silver price forecasts to US$1,400 per oz. and US$18.25 per oz., increases of 16.7% and 5.8%, respectively. The bank’s long term…