US markets fall, May 11-15: Franco-Nevada, Hecla, Coeur, Newmont
As decisions about reopening businesses continued to vary from state to state in the U.S., the Dow Jones Industrial Average fell 2.73% to 23,685.42, while the S&P 500 dropped 2.31%…
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TSX rises, May 11-15: Victoria Gold, Loncor Resources, Guyana Goldfields, First Quantum
After starting the May 11-15 trading week with some gains, the S&P/TSX Composite Index closed down 2.24% to 14,638.90. Spot gold continued to rise, ending the week at US$1,742.20 per…
JV Article: Tempus Resources funds gold exploration in Canada and Ecuador with A$4M raise
Australia-based Tempus Resources (ASX: TMR) has raised A$4 million (US$2.6 million) in a private placement to fund exploration work at its Blackdome-Elizabeth project in B.C., Canada and at its Zamora…
Turquoise Hill says Oyu Tolgoi blowout could top US$1.8B
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) announced that an ongoing expansion of the giant Oyu Tolgoi copper-gold-silver mine in Mongolia is expected to cost an additional US$1.8 billion. The…
Guyana Goldfields rejects Gran Colombia merger offer, supports Silvercorp bid
Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) has rebuffed an unsolicited proposal from Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) for an all share, three-way merger that includes Gold X Mining…
Mining in Mexico to restart
Mining in Mexico, the world’s largest silver producing country, is set to fully resume next week as authorities implement a gradual nationwide return to a “new normal,” which will see…
South America Snapshot: Eight companies active in the region
South America’s prospective geology, established mining jurisdictions and well-developed infrastructure encourage companies to explore, develop and operate projects in the region. Below, we provide an overview of eight companies with…
Corvus Gold finds new zone below Mother Lode deposit
Corvus Gold (TSXV: KOR; US-OTC: CORVF) has discovered a new gold mineralized zone below the company’s Mother Lode deposit, located 165 km northwest of Las Vegas in the Walker Lane…
Teck CEO Don Lindsay focuses on copper at BofA conference
Don Lindsay joined Teck Resources (TSX: TECK.A/TECK.B; NYSE: TCK) as president in January 2005 and became CEO in April 2005. The long-time mining executive spoke at the Bank of America…
Viva Gold completes PEA for Tonopah gold project
Viva Gold (TSXV: VAU) has announced results from a preliminary economic assessment (PEA) of the company’s wholly-owned Tonopah gold project, located 30 km northeast of the town of Tonopah in…
Pressure builds on Teck Resources CEO
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TCK), Canada’s largest diversified miner, is facing pressure from investors who want the company to divest its energy and coal business and replace long-standing chief…
First Majestic calls on NAFTA to arbitrate tax dispute in Mexico
First Majestic Silver (TSX:FR; NYSE: AG) has initiated an arbitration process against Mexico under the North American Free Trade Agreement (NAFTA) over a dispute over taxes. The Canadian miner said…