Gold
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Record gold output, but Hudbay posts loss in Q1
Hudbay Minerals (TSX: HBM; NYSE: HBM) released its first quarter results today with record gold production of 35,500 oz. during that time. Consolidated copper production was 24,553 tonnes at a ‘sustaining cash cost’ of US$2.16 per lb. Despite strong metal…
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Coeur takes 17.8% stake in Victoria Gold
Coeur Mining (NYSE: CDE) is acquiring a 17.8% stake in Victoria Gold (TSX: VGCX), which owns and operates the Eagle gold mine in the Yukon, from Orion Mine Finance. The acquisition of 11 million Victoria shares at $13.20 per share…
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Spanish Mountain PFS looks to 2.1M oz gold in reserves
Spanish Mountain Gold (TSX: SPA) has released a prefeasibility study and updated resource estimate for its eponymous project east of Williams Lake in central British Columbia. Reserve numbers are also included for the higher grade portion of the orebody near…
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Skeena to raise $50M for Eskay Creek gold project
Skeena Resources (TSX: SKE) of Vancouver has announced a $50-million bought deal public offering with which to advance work at its Eskay Creek gold project. The company will issue 16.1 million shares at a price of $3.10 each, and the…
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Partnership with MSALABS to bring Chrysos gold assay tech to Canada
Chrysos Corporation, pioneer of the revolutionary PhotonAssay technology, and MSALABS, a global provider of geochemical laboratory services for the exploration and mining sectors, have announced a global partnership to deliver Chrysos’ ground-breaking assay solution to the international mining industry. The…
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GoGold closes $28M offering for Mexican projects
Halifax-based GoGold Silver and Gold (TSX: GGD) has closed a bought deal financing worth $28.8 million to support work at its Los Ricos North and South projects in Jalisco state, Mexico. The original offering was for 10 million common shares…
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Monarch awards Beaufor resource estimate contract to BBA
Monarch Mining (TSX: GBAR) has awarded the contract for a new resource estimate at the Beaufor gold mine to BBA. The mine, located 20 km north of Val d’Or, Que., produced over 1.1 million oz. of gold and Monarch says…
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Kirkland Lake reports strong Q1 for 2021
Although gold volumes were down slightly, Kirkland Lake Gold (TSX: KL; NYSE: KL) reported strong first quarter results for 2021. Production of 302,847 oz. exceeded the top end of previously announced guidance for the quarter at 290,000 oz. Higher than…
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Awards: Cementation, Redpath, SafeSight, Iamgold
With the conclusion of the Canadian Institute of Mining, Metallurgy & Petroleum’s annual general meeting earlier this week, awards have been handed out. They were sponsored not only by the CIM but also by Hatch, Mining Association of Canada (MAC)…
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JV Article: Metamorphosis at Northern Vertex’s Moss gold mine in Arizona
When Northern Vertex (TSXV: NEE, US-OTC: NHVCF) released its Q1 2021 production of 9,912 gold equivalent ounces at its wholly owned Moss gold mine in Mohave County, Arizona last week, it marked the beginning of the metamorphosis of a mine…
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Detour Lake yields new wide, high grade intersections
Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) has reported new wide, high grade intersections in drilling at its wholly owned Detour Lake gold mine 300 km north of Timmins, Ont. The results came from holes drilled as part…
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B2Gold beats guidance with strong Q1 production
The first quarter of 2021 has been a strong one for B2Gold Corp. (TSX: BTO; NYSE: BTG; NSX: B2G) with gold production 9% over guidance at 220,644 oz. The company operates three gold mines – Fekola in Mali, Masbate in…
