Gold
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GOLD: RNC Minerals closes $12M bought deal financing
TORONTO – RNC Minerals has closed a $12-million bought deal financing by issuing approximately 24.5 million common shares at a price of $0.49 each. The offering was underwritten by a syndicate co-led by Haywood Security and Cantor Fitzgerald Canada. The…
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GOLD: Newmont Goldcorp is new name in gold mining
DENVER – The merger of Newmont Mining and Goldcorp has closed, adding a new name among the ranks of large gold producers – Newmont Goldcorp Corporation. The combined enterprise features a global portfolio of producing mines – Canada, the United…
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GOLD: Barrick shares preliminary Q1 production results
TORONTO – Barrick Gold issued preliminary production results for Q1 2019, saying that it enjoyed solid performance across its portfolio. First quarter sales were 1.37 million oz. of gold and 103 million lb. of copper. Output was only up slightly…
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Editorial: Central banks are major gold buyers in 2019
With the gold market’s supply and demand numbers coming in for the first two to three months of 2019, one of the features of this year that’s coming into focus is the strong buying of gold by central banks around…
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GOLD: Canarc tables study of New Polaris
BRITISH COLUMBIA – Canarc Resources has wrapped up a preliminary economic assessment of its New Polaris gold project in northwestern British Columbia that indicates the project could produce 80,000 oz. of gold per year over an 8.7 year mine life. study…
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GOLD: GoldMining receives water licence, land use permits for Yellowknife project
NORTHWEST TERRITORIES – The Mackenzie Valley Land and Water Board has given Vancouver-based GoldMining Inc. the water licence and land use permits for its Yellowknife gold project north of the town of the same name. The permits refer specifically for…
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COPPER-GOLD: Power Ore completes revised Opemiska geological model
QUEBEC – Toronto-based Power Ore has completed the digitization and geological model for the Opemiska copper complex near the town of Chapais. Based on all available drilling data, it has confirmed the distribution of disseminated material around the known veins.…
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COPPER-GOLD: Copper Fox updates work at Schaft Creek JV
BRITISH COLUMBIA – The joint venture – Copper Fox 25% and Teck Resources 75% – continues to move forward with work at the Schaft Creek advanced exploration project. Located 375 km northwest of Smithers, the property is a potential producer…
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GOLD: S&P predicts record gold output in 2019
NEW YORK CITY – S&P Global Market Intelligence is bullish on gold. Its latest report says there will be further growth of 2.3 million oz. in 2019. In 2018 for the 10th consecutive year, gold output grew to 107.3 million…
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GOLD-SILVER: New Gold given environmental nod for Blackwater project
BRITISH COLUMBIA – The federal government has given the environmental okay to the Blackwater gold-silver project 150 km south of Vanderhoof, saying it doesn’t anticipate significant adverse effects. The project is 100% owned by New Gold of Toronto. The project…
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COPPER-GOLD: Lundin to pay $1B for Yamana’s Chapada mine in Brazil
TORONTO – Yamana Gold has agreed to sell its Chapada copper-gold mine to Lundin Mining in a deal said to be worth over $1.0 billion (all figures are U.S. dollars). The mine is located in Brazil’s Goias state and owned…
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GOLD: Troilus makes $12M share offering
TORONTO – Troilus Gold Corp. has announced a bought deal public offering of common shares that will raise approximately $12 million. The shares are priced at $0.85 each. The shares will be purchased by a syndicate of underwriters co-led by…
