Streaming company Nomad Royalty lists on TSX
Nomad Royalty, a new precious metals royalty and streaming company, will begin trading on the TSX on May 29, after completing a reverse takeover and acquiring the royalty portfolio of…
Africa
AngloGold Ashanti confirms 196 COVID-19 cases at Mponeng in South Africa
AngloGold Ashanti (NYSE: AU) has temporarily closed its Mponeng mine in South Africa after 196 workers tested positive for COVID-19. The company has conducted 651 tests since the first COVID-19…
Tanzania allows Barrick to ship gold concentrate
Barrick Gold (TSX:ABX; NYSE:GOLD) will finally be able to ship gold concentrate containers out of Tanzania, which have been sitting at Dar es Salaam Port for three years due to…
Dominion Diamond unveils plan to avoid bankruptcy
Canada’s Dominion Diamond Mines has unveiled a transaction that would allow it to exit court protection from creditors and access short-term operating funds, which would pave the way to eventually…
Danakali closer to getting Eritrea potash project off the ground
Australia’s Danakali (LSE: DNK) is in the final stages of completing the second phase of development of its world-class Colluli potash project in Eritrea, Africa. The front-end engineering design (FEED),…
Newmont restarts mines as restrictions ease
With restrictions on mining due to the coronavirus pandemic starting to ease, Newmont (TSX: NGT; NYSE: NEM) is back on track with all but one of its mines – Musselwhite…
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…
Canada may review Endeavour-Semafo merger
Canadian authorities may launch a national security review of the imminent merger between Endeavour Mining (TSX: EDV) and Semafo (TSX: SMF), which would create West Africa’s top gold producer. The…
Lucapa finds 171-carat diamond in Angola
Australia’s Lucapa Diamond (ASX: LOM) has recovered a 171 carat gem-quality stone from its prolific Lulo mine in Angola, which was restarted in early May. The miner said the white…
Alrosa’s anemic April sales underscore market distress
Russia’s Alrosa, the world’s top diamond producer by output, saw sales for rough and polished diamonds fall to US$15.6 million in April, as the coronavirus pandemic continues to hit demand….
Barrick reports strong Q1; withdraws guidance for Porgera
Barrick Gold (TSX: ABX; NYSE: GOLD) has withdrawn its 2020 guidance for its 47.5%-owned Porgera mine after placing it in temporary care and maintenance on April 27. Work was halted…
Anglo American to spin off South African coal mines
Anglo American (LSE: AAL) is speeding up its exit from thermal coal and plans to spin off its South African coal unit within the next three years. Mounting pressure from…