Chaarat to buy Kapan mine as part of ex-USSR consolidation strategy
Chaarat Gold Holdings (LON: CGH) struck a deal at the end of October to acquire the Kapan gold mine in Armenia from Polymetal International (LON: POLY) for US$55 million. The…
Glencore
Regulus spin-out Aldebaran Resources starts trading
Regulus Resources (TSXV: REG) spin-out Aldebaran Resources (TSXV: ALDE) debuted on the Toronto Venture Exchange at 90¢ before tumbling to 59¢ in mid-afternoon trading. Aldebaran shares the same core management…
Horizonte completes feasibility on Araguaia nickel project in Brazil
Araguaia, one of the largest undeveloped ferro-nickel projects in the world, could produce about 52,000 tonnes of ferronickel a year over a mine life of 28 years, Horizonte Minerals (TSX:…
Glencore expands and extends share buy-back program
Glencore (LON: GLEN) is increasing its share buy-back program by up to an additional US$1 billion. The commodities giant has already purchased 230.2 million of its own shares valued at…
TSX inches higher while gold dips, June 11-15
Canada’s benchmark index rose 0.68% to 16,314.42 during a mixed week. The S&P/TSX Global Mining Index fell 1.9% to 75.17. The S&P/TSX Global Gold Index rose 1.3% to 191.66, while…
South32 offers US$1.3B for Arizona Mining
After taking an initial 15% stake in junior zinc developer Arizona Mining (TSX: AZ) in April 2017 for US$81 million and boosting it to 17% over the next year for…
Connemara completes maiden zinc resource in Ireland
The Republic of Ireland is one of the largest zinc producers in Europe and its base metal deposits have drawn some of the biggest names in the mining business —…
First Cobalt to acquire US Cobalt and its Iron Creek project in Idaho
The proposed acquisition of a junior explorer with a cobalt project in Idaho will give Canada-focused First Cobalt (TSXV: FCC; US-OTC: FTSSF) a footprint in the U.S. and burnish its…
New DRC mining code upsets miners
A new mining code in the Democratic Republic of the Congo that would raise royalties on metal production and eliminate a stability clause enshrined in the previous 2002 charter that…
China’s Zhaojin becomes cornerstone investor in Sabina
One of China’s largest gold companies has invested $66 million for a 9.9% stake in Canada’s Sabina Gold & Silver (TSX: SBB), a junior that is advancing its wholly owned…
Osisko Metals consolidates Bathurst camp
In the last year, newly minted Osisko Metals (TSXV: OM; US-OTC: BWMXF) has picked up over 500 sq. km in New Brunswick’s Bathurst mining camp, the third-largest volcanogenic massive sulphide…
Falco Resources completes feasibility study on Horne 5
A new feasibility study of the Horne 5 gold project in Rouyn-Noranda, Que., estimates it could cost C$1 billion to build, Falco Resources (TSXV: FPC; US-OTC: FPRGF) says. Preproduction construction costs for…