Forbes & Manhattan backs African Gold Group
As part of a private placement in March, Forbes & Manhattan Resources Inc., along with several other investors, including company insiders, took a 17% stake in a junior exploration company…
Africa
Orezone CEO talks strategic exploration shift at Bomboré
VANCOUVER — West Africa-focused Orezone Gold (TSX: ORE; US-OTC: ORZCF) had been developing its multimillion-ounce Bomboré gold project in Burkina Faso until discrepancies in resource estimations brought activity to a halt…
Roxgold eyes Yaramoko expansion
VANCOUVER — African miner Roxgold (TSX: ROXG) has plans to boost production at its Yaramoko gold mine in Burkina Faso by adding resources from its Bagassi South project, 1.8…
Metalla picks up royalties, stream from Coeur Mining
Metalla Royalty & Streaming (CSE: MTA; US-OTC: EXCFF) is buying three royalties and one stream — two of which are on producing mines — from Coeur Mining (NYSE: CDE) in…
Q&A: BMO’s Ed Sterck talks demonetization and diamond equities
In late 2016 and early 2017 the diamond market felt the effects of India’s demonetization, which saw 500-rupee and 1,000-rupee bills suddenly removed from the market last November. The move…
Exploring for more: Diamonds in Canada’s annual junior roundup
Alto Ventures (TSXV: ATV) In February, Alto Ventures began a reverse-circulation drilling program to test several kimberlite targets at the GEFA project, in east-central Saskatchewan. The targets were identified in…
Site visit: Sam Coetzer breathes new life into Golden Star
PRESTEA, GHANA — Sam Coetzer was senior vice-president of Kinross Gold’s (TSX: K; NYSE: KGC) South American operations when he got a call in 2011 from Christopher Thompson, chairman of the board…
[Update] Barrick, Acacia embroiled in political turmoil in Tanzania
VANCOUVER — Barrick Gold‘s (TSX: ABX; NYSE: ABX) senior management is getting directly involved in an evolving sociopolitical situation in Tanzania that could materially impact its annual gold production. The company holds a 63.9%…
Barrick, Acacia embroiled in political turmoil in Tanzania
VANCOUVER — Barrick Gold (TSX: ABX; NYSE: ABX) is wrapped up in a volatile sociopolitical situation in Tanzania that could materially impact its annual gold production. The company holds a 63.9% equity stake…
Newmont moves forward with Ahafo expansion
Newmont Mining (NYSE: NEM) started commercial production from its Ahafo open-pit gold mines in Ghana in 2006, and is now building an underground mine on the complex called Subika. Newmont…
Ivanhoe boosts Kakula resource, receives final payment from Zijin
Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) 75% increase in indicated resources at its high-grade Kakula discovery in the Democratic Republic of the Congo has prompted the company’s executive chairman, Robert…
Wall Street dips, May 15-19
The three major U.S. stock indexes fell during the third week of May. The S&P 500 Index slipped 0.38% to 2,381.73 and the Dow Jones Industrial Average dropped 0.44% to…