Noront snubs Wyloo debt offer
Noront Resources (TSXV: NOT) has rejected a loan offer from major shareholder and Australian mining magnate Andrew Forrest’s Wyloo Metals late last week, citing an “immediate need for funding.” Instead,…
Canada
JV Article: Modern exploration techniques could unlock potential of Slave Lake Zinc’s O’Connor Lake
Slave Lake Zinc’s (CSE: SLZ) 100%-owned O’Connor Lake project in the Northwest Territories, about 185 km southeast of Yellowknife and 150 km east of Hay River, has the potential to be…
Nighthawk Gold extends Grizzly Bear at Indin Lake
Drilling at Nighthawk Gold‘s (TSXV: NHK) 930-sq.-km Indin Lake gold project, 200 km north of Yellowknife, has extended mineralization at the Grizzly Bear deposit ahead of a resource update expected…
Taseko expects ‘money-maker’ Florence Copper’s draft permit this month
One of the top contenders to bring new copper pounds to market in the medium term is Taseko Mines (TSX: TKO; NYSE-AM: TGB; LSE: TKO), operator of the 75%-owned Gibraltar…
Near-term catalysts in the works for Newcore Gold as Enchi’s district-scale potential beckons
Recent drill results from Newcore Gold’s (TSXV: NCAU; OTCQX: NCAUF) Enchi project in Ghana underlines the company’s district-scale exploration opportunity in Africa’s top gold producing nation, president and CEO Luke…
Monarch plans 2022 restart for Beaufor gold mine
Monarch Mining (TSXV: GBAR; US-OTC: GBARF) plans to reopen its Beaufor mine and Beacon mill, 20 km east of Val-d’Or, Quebec, by next June. Currently on care and maintenance, Beaufor…
Foran weighs drill program expansion for McIlvenna Bay on results, $100M investment
Foran Mining (TSXV: FOM) is considering expanding the 30,000 metre drill program under way at its McIlvenna Bay project in Saskatchewan after receiving encouraging results and a deal with Fairfax…
Australia’s Wyloo proposes ‘Future Metals hub’ for Ontario
After announcing its intention last week to make a $133 million offer to acquire Noront Resources (TSXV: NOT), Australia’s Wyloo Metals still hasn’t made a formal bid for the Ring…
Dundee announces acquisition of INV Metals
Dundee Precious Metals (TSX: DPM) will add its first project in the Americas to its portfolio by acquiring all the shares it doesn’t already own in junior miner INV Metals…
TSX Venture slightly up, May 24-28
The S&P/TSX Venture Composite Index rose 0.95% to finish the trading week at 966.28. Spot gold increased by US$22.80 per oz., or 1.21%, to US$1,903.50 per ounce. Labrador Gold rose 2¢ to $1.12…
US markets rise, May 24-28
The Dow Jones Industrial Average rose 0.94%% to finish the week at 34,529.45 and the S&P 500 advanced 1.16% to 4,204.11. Spot gold gained US$22.80 per oz., or 1.21%, to US$1,903.50…
TSX up, May 24-28
The S&P/TSX Composite Index rose 1.66% to 19,852.18 during the holiday-shortened May 24-28 trading week. The S&P/TSX Global Mining Index grew 1.58% to 114.11, and the S&P/TSX Global Base Metals…