Tag: Gold

Canadian mining mogul Rob McEwen is upping his stake in Goliath Resources (TSXV: GOT; US-OTC: GOTRF), a junior that’s advancing gold projects in northwestern British Columbia.

Iamgold (TSX: IMG; NYSE: IAG) is acquiring Quebec-focused gold explorer Vanstar Mining Resources (TSXV: VSR; US-OTC: VMNGF) in an all-share, friendly deal in order to consolidate its interest in the prospective Nelligan deposit.

Torex Gold Resources (TSX: TXG) has struck a rich vein at Media Luna West, pointing to mine life extension and added mill feed at the Morelos complex in Guerrero, Mexico, from 2028.

Lundin Group copper and gold explorer NGEx Minerals (TSXV: NGEX) said Friday it has restarted and increased the drill rig count at the Lunahuasi project in Argentina to four following a recent $85.7 million financing.

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.

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.

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.

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.