Lumina Gold spins out Luminex Resources
Lumina Gold (TSXV: LUM; US-OTC: LUMAF) is spinning all but one of its properties out into a separate company called Luminex Resources. It retains the Cangrejos gold-copper project, located in…
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Metals commentary: Gold rebound could be in the making
The following is an edited excerpt from the World Gold Council’s latest Investment Update. To read the full report, visit www.gold.org. In August gold fell to a 20-month low amid…
Allegiant extends mineralization at Eastside gold project
Allegiant Gold (TSXV: AUAU; US-OTC: AUXXF) has reported drill results for the remaining 13 holes of its 22-hole (8,000-metre) phase one resource expansion drill program at its 100%-owned, district-scale Eastside…
Panoro to drill new zone after expanding permit at Cotabambas
Now that Peru has approved Panoro Minerals’ (TSXV: PML; US-OTC: POROF) request for an expanded environmental impact assessment at its Cotabambas copper project in southern Peru’s Apurimac region, the company…
Tahoe troubles continue with solution discharge at La Arena
Tahoe Resources (TSX: THO; NYSE: TAHO) says it has contained a discharge of pregnant solution that may have flowed into a nearby creek at its La Arena mine in Peru….
Cold weather hampers Aston Bay drill program
Aston Bay (TSXV: BAY; US-OTC: ATBHF) has concluded its 2018 drill campaign at its namesake property on Somerset Island in Nunavut, which includes the Storm copper prospect and the Seal…
Site visit: Ascot looks to write Premier mine’s third chapter
STEWART, B.C. — The existing infrastructure of Ascot Resources’ (TSXV: AOT; US-OTC: AOTVF) past-producing Premier-Dilworth gold project in northwestern B.C.’s Golden Triangle region is one of its greatest assets. “Underground mine,…
Azarga releases PEA for Unkur project in Russia
Azarga Metals (TSXV: AZR; US-OTC: EUUNF) has tabled a preliminary economic assessment (PEA) for its Unkur copper-silver project in eastern Russia. The company acquired 60% of the project in 2016 and…
Editorial: Kent, Munk shared debt regrets
At The Northern Miner, we like to think of ourselves as more than reporters of the latest news and commentaries about Canadian mining and mineral exploration. As an institution dating…
TSX Venture jumps higher, Aug. 20-24
The S&P/TSX Venture Composite Index rose 5% to end the trading week at 711.37. Shares of Lithoquest Diamonds fell 67% to 16¢ per share after the company reported disappointing results…
Newmont invests in Evrim Resources
Shares of Evrim Resources (TSXV: EVM) surged 18.5% to $1.28 on news that Newmont Mining (NYSE: NEM) is acquiring 4.85 million shares of the company at $1.50 per share for…
Endeavour Silver imposes austerity measures
Endeavour Silver (TSX: EDR; NYSE: EXK) is reducing expenditures and temporarily adjusting its exploration, development and mining activities until gold and silver prices rebound. The measures are expected to boost production…