Wesdome forecasts grade increase at Eagle River
Wesdome Gold Mines (TSX: WDO) expects to produce 72,000-80,000 ounces of gold this year at all-in sustaining costs (AISC) of US$985-$1,040 per oz. at its Eagle River mine complex in…
Canada
Nordgold boosts stake in Columbus Gold
Russian billionaire Alexey Mordashov’s mining company, Nordgold, has increased its stake in Canadian junior Columbus Gold (TSX: CGT; US-OTC: CGTTF) to 9.96% on a non-diluted basis, and 11.18% if it…
Editorial: Newmont-Goldcorp merger rocks gold industry
The new year continues to be a fascinating one in the global mining industry, with the unveiling on Jan. 14 of Newmont Mining’s blockbuster US$10-billion deal to acquire Goldcorp, and…
US markets rise, Jan. 7-11: Hecla, Pretium, Teck
Gold prices rose 0.2% to close the trading week at US$1,286.80, while the Philadelphia Gold and Silver Index fell 0.2% to close at 71.71. The Dow Jones Industrial Average rose…
Newmont to buy Goldcorp for US$10B
Newmont Mining (NYSE: NEM) will acquire all outstanding Goldcorp (TSX: G; NYSE: GG) shares in a deal that values Goldcorp at US$10 billion to create Newmont Goldcorp, the companies announced…
TSX Venture rises, Jan. 7-11; Cobalt 27, K92, Ascot-IDM
Shares of Cobalt 27 Capital rose 26¢ to $4.44. In January 2019, the company bought Westgold Resources’ royalty on the Mount Marion lithium mine in Western Australia for $240,400, plus…
GGX drills more high grade at Gold Drop in BC
GGX Gold (GGX; US-OTC; GGXXF) continues to cut near surface high-grade gold mineralization at its 56-sq.-km Gold Drop property near Greenwood in southern British Columbia. The results come from a…
White Gold discovers near-surface mineralization at Betty
White Gold (TSXV: WGO; US-OTC: WHGOF) has found near-surface gold mineralization on its Betty gold project in Yukon’s White Gold district after drilling shallow, rotary air-blast holes on the property…
Benchmark extends Phoenix zone in BC’s Golden Triangle
Benchmark Metals (TSXV: BNCH; US-OTC: CYRTF) has expanded the Phoenix zone at its Lawyers gold-silver project in B.C.’s Golden Triangle after intersecting gold and silver mineralization in step out drilling…
Five base metal projects underway in the Yukon
Mining chatter in the Yukon these days is all about the yellow metal. It’s been that way for at least 10 years, according to geologist Mike Burke, who spent more…
Juggernaut drills new gold zone at Midas in BC
Juggernaut Exploration (TSXV: JUGR; US-OTC: JUGRF) has discovered a new gold zone on its Midas gold property in northwestern B.C. after drilling 6.85 grams gold per tonne over 9 metres…
BC, Yukon & NWT Snapshot: Gold, base metals and diamonds remain top targets
While wider mining markets may have been subdued in 2018, mineral exploration in British Columbia, Yukon and the Northwest Territories continued to be a hotbed of activity, with junior and…