Poor market conditions derail Triple Flag IPO
Royalty and streaming company Triple Flag Precious Metals has cancelled a planned initial public offering (IPO) due to poor market conditions. “While the company has been encouraged by investor interest…
Canada
Osisko Metals shows ‘upside potential’ at Pine Point
Osisko Metals has released drill results from the East Mill zone at its Pine Point project with eight of the nine intercepts reported from outside of the current resource boundaries….
First Cobalt advances Ontario-based refinery
First Cobalt (TSXV: FCC; US-OTC: FTSSF) has released an update on the progress of recommissioning its cobalt refinery in partnership with Glencore (LON: GLEN). The company expects to complete a…
Exploration Snapshot: Gold and silver projects of note
With the rise in the gold price over the past year, precious metals exploration has picked up steam worldwide. Below we feature eight companies across the exploration, development and production…
Newmont Goldcorp raises stake in GT Gold
Newmont Goldcorp (TSX: NGT; NYSE: NEM) is raising its stake in GT Gold (TSXV: GTT) from 9.9% to about 14.9% via an $8.3 million private placement. Currently, there are two…
Sun Metals advances Stardust
Sun Metals (TSXV: SUNM) has completed the final tranche of a $6.2-million bought-deal financing that will help it advance exploration at its wholly owned Stardust project, 250 km northwest of…
Kirkland Lake to acquire Detour Gold in $4.9B deal
Kirkland Lake Gold’s (TSX: KL; NYSE: KL) proposed $4.9-billion all-share acquisition of Detour Gold (TSX: DGC) and its open-pit mine in northeastern Ontario will add 15.4 million oz. gold, or…
Buried treasure: An overview of news from active diamond companies
An overview of the latest news from active diamond explorers, developers and miners in Canada, and Canadian-listed companies working abroad. Adia Resources This spring, Adia Resources completed an initial diamond…
Tres-Or drills Guigues kimberlite in Quebec
The Guigues kimberlite pipe in northern Quebec, 10 km from Notre- Dame-du-Nord, was discovered by De Beers in 1983. But despite its long history, it has never seen modern microdiamond…
Rio Tinto unveils new tech for bulk sample at Star
Rio Tinto (NYSE: RIO; LSE: RIO) has completed its 2019 bulk sampling program at Star Diamond’s (TSX: DIAM) Star-Orion South diamond project, 60 km east of Prince Albert, in central…
Stornoway’s creditors step in to save Renard
Stornoway Diamond (TSX: SWY) and its creditors reached a deal that will see the Renard diamond mine operate during corporate restructuring, after the company’s failure to generate positive free cash…
Diamonds Symposium explores industry challenges and solutions
The second annual Diamonds in Canada Symposium, organized by The Northern Miner, took place in Toronto in June. This year’s featured speakers included Chris Jennings, chairman of North Arrow Minerals,…