Index

Struggling Scotgold Resources, which operates Scotland’s only gold mine, is planning to appoint administrators over the coming days as financing talks announced last month failed to attract investment.

Argonaut Gold (TSX: AR) has achieved commercial production at its Magino mine in northern Ontario after construction costs almost doubled to nearly $1 billion and led to the ouster of a CEO before a mill problem postponed output.

An updated resource for American Lithium‘s (TSXV: LI, NASDAQ: AMLI) Falchani project in Peru grows the measured and indicated totals of lithium carbonate equivalent (LCE) by 476%, according to the report released on Tuesday.

Canadian gold miner Agnico Eagle (TSX: AEM; NYSE: AEM) confirmed on Friday that its operating permit for the Kittila mine in Finland remains valid despite appeals for reconsideration, and, as a result, the company now expects to reach the upper end of its annual guidance.

SolGold (LSE: SOLG) said on Wednesday it’s making headway with the potential sale of its flagship Cascabel copper-gold project in Ecuador, as it has held talks with more than 20 “highly credible” interested groups.

Brazil-focused explorer Bravo Mining (TSXV: BRVO; US-OTC: BRVMF) shares surged on Monday after the company announced an initial resource estimate for its Luanga palladium-platinum-rhodium-gold-nickel project located in Pará state.

Chilean state-owned copper miner Codelco, the world’s largest copper producer, has reached a deal with Lithium Power International (ASX: LPI) to buy the Australian producer of the battery metal for A$385 million (US$245 million).

Embattled miner Scotgold Resources, which operates Scotland’s only gold mine, said on Monday it was close to securing enough funding from a new strategic investor, which will help it avoid going into administration.

Goliath Resources (TSXV: GOT; US-OTC: GOTRF) has completed the second and final tranche of a recently upsized private placement that would see the Canadian junior miner raise a total of $8.6 million.

Torngat Metals is advancing its longstanding Strange Lake rare earths project in northeastern Quebec toward both a feasibility study and permitting. Strange Lake could produce up to 55,000 tonnes of ore per day over 30 years, and give Canada its first rare earths mine.

Workers at Peñasquito, Mexico’s largest gold mine, accepted a proposal from operator Newmont (NYSE: NEM; TSX: NGT) late on Thursday, ending a four-month-long strike that cost the miner millions of dollars a day.

Shares of Nevada King Gold (TSXV: NKG; US-OTC: NKGFF) soared on Monday after the company reported bonanza oxide gold of 11.64 grams per tonne over 108.3 metres from recent drilling at its Atlanta mine project in Nevada.