Torex expands with $36M Reyna Silver buy
Torex Gold Resources (TSX: TXG) has expanded its North American exploration portfolio with the acquisition of Reyna Silver (TSXV: RSLV) in an all-cash deal valued at $36 million. The acquisition…
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Iamgold shares rise as Côté mine reaches nameplate
Iamgold’s (TSX: IMG; NYSE: IAG) Côté mine has officially achieved its nameplate capacity nearly 15 months after pouring its first gold, the company said Monday. Shares rose to a near…
Trafigura backs Euro Sun’s Rovina Valley with $200M financing deal
Euro Sun Mining (TSXV: ESM; US-OTC: ESMNF) has lined up a $200-million loan package, with backing from global commodities trader Trafigura, to help finance its Rovina Valley gold-copper project in…
Greenland grants 30-year permit to moly mine
Greenland Resources (Cboe CA: MOLY; FSE: M0LY) has secured a 30-year permit for its Malmbjerg molybdenum project, a major development backed by the European Union. The open-pit mine is expected…
Maritime expands Hammerdown gold as output nears
Canadian explorer Maritime Resources (TSX-V: MAE) said drilling at its Hammerdown project in Newfoundland and Labrador identified a new near-surface gold zone with “substantial” grades. The stock jumped. Hole HDGC-25-272…
Glencore urges Aus support to save Mount Isa smelter
Glencore (LSE: GLEN) has declared its Mount Isa copper smelter unviable and is awaiting a response from Australia’s federal and Queensland’s governments regarding requests for financial assistance to keep the…
Video: First Cariboo gold ‘between third base and home plate’, Osisko’s Roosen says
Osisko Development’s (TSXV, NYSE: ODV) $650 million (C$893 million) Cariboo gold project in British Columbia will soon begin pre-construction activities, co-founder and CEO Sean Roosen says. A May update on…
Rio Tinto settles hedge fund claims on Oyu Tolgoi
Rio Tinto (ASX, LSE: RIO) has agreed to pay nearly $139 million to settle a long-running class action lawsuit accusing the company of concealing development delays at its $7-billion giant…
Delays hit Gemfields ruby plant in Mozambique
Gemfields (LSE: GEM; JSE: GML) said on Friday that the commissioning of a second processing plant at its Montepuez ruby mine in Mozambique has been postponed to September due to…
Korite acquisition in Alberta creates largest mine-to-market ammolite producer
When Buffalo Rock Mining acquired Calgary-headquartered Korite, North America’s largest producer of ammolite, it flew right under the mining industry’s radar, even as the company’s creations were featured in the…
Lundin targets top-10 copper miner status
Canada’s Lundin Mining (TSX: LUN) has unveiled a strategic growth plan designed to catapult the company into the world’s top 10 copper producers. The Vancouver-based miner aims to reach annual…
NexGold assays revive historic Nova Scotia region
Explorer NexGold Mining (TSXV: NEXG; OTCQ-X: NXGCF) says new drill results are likely to boost a resource update this year for a project in a Nova Scotia gold region dating…