Editorial: Asia shows the way
When I landed at Toronto’s Pearson International Airport on March 20 aboard an Air Canada ‘repatriation’ flight from Mexico, none of us were checked to see if we had a…
Canada
Lundin Gold suspends Fruta del Norte; Newmont withdraws guidance
Lundin Gold (TSX: LUG) has temporarily suspended operations at its Fruta del Norte gold mine in Ecuador due to COVID-19, while Newmont (TSX: NGT; NYSE: NEM) has taken similar measures…
US markets tank, March 16-20: Sandstorm, Alamos Gold, Rio Tinto
The Dow Jones Industrial Average fell 17.30% (4,011.64 points) to 19,173.98 and the S&P 500 dropped 14.98%(4,061.1 points) to 2,304.92 during the Mar. 16-20 trading week. Spot gold fell US$31.10…
First Cobalt pushes ahead with Ontario refinery
First Cobalt (TSXV: FCC) has announced that the feasibility study on an expansion of its Ontario refinery will be complete in the coming weeks. It is also in discussions with…
Nevada Copper looks to strengthen balance sheet
As its Pumpkin Hollow underground mine ramps up to commercial production, Nevada Copper (TSX: NCU) has entered into non-binding arrangements for a balance sheet strengthening package. The company is working to reach binding…
Nouveau Monde grows Matawinie resources
Nouveau Monde Graphite (TSXV: NOU) has released updated resources for the West Zone deposit at its Matawinie graphite project, 150 km north of Montreal. Updated measured and indicated resources increased by…
BTU hits more VMS-style mineralization at Dixie Halo
Drilling at BTU Metals’ (TSXV: BTU) 197-sq.-km Dixie Halo project in Ontario’s Red Lake district returned continuous volcanogenic massive sulphide-style mineralization over 300 metres, starting at surface, with metal grades increasing…
Explorers reduce activity over coronavirus threat
With mining majors suspending expansion plans, ramping down operations and temporarily closing down head offices in response to Covid-19, development and exploration companies are also taking precautionary measures to prevent…
Dunnedin Ventures to become Kodiak Copper
Publicly traded Kodiak Copper (TSXV: KDK), a portfolio company of the Discovery Group that was formerly Dunnedin Ventures (TSXV: DVI), will focus on copper porphyry exploration in Canada and the United States. The…
Alamos to reacquire Island Gold royalty for $75M
Alamos Gold (TSX: AGI) has announced that it has entered into an agreement to acquire a 3% net smelter return (NSR) royalty on production from four claims at its Island…
Maple expands Douay targets in Quebec
An induced polarization (IP) survey completed at Maple Gold’s (TSXV: MGM) 355-sq.-km Douay gold project in Quebec has expanded the 531 Zone target area and identified a new and undrilled target…
Alliance Magnesium to invest $145M in magnesium recycling plant
Alliance Magnesium, a private Canadian company focused on producing primary magnesium from serpentine mine tailings and secondary magnesium to make value-added products, has received enough funding for its commercial demonstration…