Kore Mining releases ‘exciting’ results at FG gold project
Kore Mining (TSXV: KORE; US-OTC: KOREF) has released assay results from the top of hole 20-368 completed at its wholly owned 130-sq.-km FG gold property, 100 km east of Williams…
Canada
McEwen Mining posts $99M loss on Gold Bar write-down
McEwen Mining (TSX: MUX; NYSE: MUX) posted a net loss of US$99.2 million, or US25¢ per share, for the quarter ended March 31, primarily due to a US$83.8 million impairment…
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 Venture rises, May 11-15: Abitibi Royalties, Rupert Resources, Pure Gold, Melkior Resources
The S&P/TSX Venture Composite Index rose 3.32% to 508.99 and gold continued to make gains, rising US$39.30 per oz., or 2.26%, to close at US$1,742.20 per ounce. Abitibi Royalties saw…
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%…
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…
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…
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…
Iamgold drills high-grade gold at Rouyn in Quebec
Iamgold (TSX IMG; NYSE: IAG) reported high-grade assay results from a drilling program on the Rouyn gold project in Quebec, 4 km south of Rouyn-Noranda and 45 km southwest of…
Great Bear raises $33M in bought deal
Great Bear Resources (TSXV: GBR) is raising $33 million in an upsized (from $20 million previously) bought deal private placement. The syndicate of underwriters is led by Canaccord Genuity, with…
NexGen Energy lines up US$30M financing from Queen’s Road Capital
NexGen Energy (TSX: NXE; NYSE: NXE) has signed a US$30 million financing agreement with Queen’s Road Capital Investment (TSXV: QRC) and plans to use the funds to advance work at…