Kinross sells stake in Lundin Gold for $150M
Kinross Gold (TSX: K; NYSE: KGC) is selling 20.7 million shares, or its 9.2% stake, in Lundin Gold (TSX: LUG) for $150 million. Shareholders Newcrest Mining (ASX: NCM) and the…
South America
Editorial: Use of force against protesters in Chile alarms UN, Human Rights Watch
Since protests in Chile erupted over a subway fare increase in early October and morphed into broader demonstrations over income equality, inadequate public services and high household debt, at least…
Zijin Mining to acquire Continental Gold for $1.4B in cash
In the latest megadeal sweeping the gold sector, Zijin Mining Group is buying Continental Gold (TSX: CNL; US-OTC: CGOOF) for $1.4 billion in cash. The Chinese gold miner is on…
Protests in Chile drive government to propose new constitution
In a bid to end weeks of anti-government protests and riots that have left at least 26 people dead and 13,500 injured, Chile’s political parties have agreed on a process…
Aurania finds ancient Spanish road at Lost Cities–Cutucu
For almost 20 years, Keith Barron has been hunting for two famous gold-mining centres in Ecuador that historic Spanish manuscripts and maps from the 16th and 17th centuries refer to…
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…
Tinka cuts high-grade zinc at Ayawilca in Peru
Vancouver-based Tinka Resources (TSXV: TK; US-OTC: TKRFF) has intersected several zones of high-grade zinc mineralization in the final hole of this year’s drill program at its wholly owned Ayawilca zinc…
BHP boosts investment in SolGold
BHP Billiton (NYSE: BHP) is spending US$22 million to boost its stake in SolGold (TSX: SOLG; LON: SOLG) to 14.7% from 11.1%, making it one of the two largest shareholders…
Lundin Gold pours first doré bar at Fruta del Norte in Ecuador
Lundin Gold (TSX: LUG) has produced its first doré bar at the Fruta del Norte (FDN) mine in southeastern Ecuador. The first export of concentrate and dore is anticipated by mid-December…
TSX Venture falls, Nov. 11-15: Great Bear, Aurania, Callinex, Osino
The S&P/TSX Venture Composite Index fell 1.56% to 528.58. Spot gold finished at US$1,467.90 per oz., up 0.62%. Shares of Great Bear Resources jumped 70¢, or 11.9%, to $6.57. The…
US markets move higher, Nov. 11-15: Sibanye-Stillwater, Wheaton, Arch Coal
The Dow Jones Industrial Average rose 1.17% to 28,004.89, and the S&P 500 Index increased 0.89% to 3,120.46. Spot gold gained 0.62% to US$1,467.90. Sibanye-Stillwater climbed US52¢ per share, or…
Unrest worsens in Bolivia as Evo Morales steps down
More than 20 people have died in clashes between protesters and security forces in Bolivia since disputed presidential elections in October and the resignation of Evo Morales on Nov. 10….