Gold
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GOLD: Bonterra seeks $20M private placement, share consolidation
VANCOUVER – Bonterra Resources has engaged Sprott Capital Partners to act as lead agent for a private placement expected to gross slightly more than $20 million. Before the offering closes, Bonterra will consolidate its outstanding shares at a 10-to-1 ratio.…
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COPPER-GOLD: Turquoise Hill updates progress of underground development
MONGOLIA – As the pit exhausts it resources, mining is moving underground at the Oyu Tolgoi copper-gold mine in the South Gobi area. Owner Turquoise Hill Resources of Vancouver updates the progress. Rio Tinto, holder of a 51% interest in…
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GOLD: TMAC makes permitting gains for Madrid-Boston development
NUNAVUT – Toronto-based TMAC Resources is marking another landmark at its Hope Bay gold project 65 km east of Bathurst Inlet. Federal authorities have accepted the positive recommendation of the Nunavut Impact Review Board (NIRB) allowing the Madrid-Boston gold project…
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GOLD: Chilean court orders Barrick to close Pascua-Lama permanently
CHILE – Last week the Chilean environmental court ordered Toronto-based Barrick Gold to permanently close its Pascua-Lama gold project that lies within the country. The company was told in January 2018 to close the project and fined US$11.5 million by…
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GOLD: Centerra unloads Boroo mine, Gatsuurt project
MONGOLIA – Toronto-based Centerra Gold is selling its assets in Mongolia. That includes the suspended Boroo gold mine and mill as well as the Gatsuurt gold development project. Both properties are to be purchased by OZD Asia pte for net…
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GOLD: Barrick reports better preliminary Q3 results
TORONTO – Barrick Gold sold 1.2 million oz. of gold and 114 million lb. of copper during Q3 2018. The preliminary figures also put third quarter production at 1.15 million oz. of gold and 106 million lb. of copper. The…
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COPPER: Capstone places Minto mine on care and maintenance, still looking for buyer
YUKON – Vancouver-based Capstone Mining and Pembridge Resources have terminated their agreement for the sale of the Minto copper-gold mine 240 km northwest of Whitehorse. Capstone had agreed to sell the Minto operation to Pembridge last February, putting a price…
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GOLD: Court rules against Kinross mine in Chile
CHILE – The supreme court of Chile has maintained the closure of the water pumping wells at the Maricunga gold mine owned by Toronto’s Kinross Gold. This is the latest chapter in a long dispute between the company and the…
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GOLD: Rubicon completes Phoenix test mining
ONTARIO – Toronto-based Rubicon Minerals Corp. has completed test mining and bulk sample processing at the Phoenix gold project in the Red Lake district. More than 35,000 tonnes of material was extracted from three test stopes and pre-developed stopes in…
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GOLD: Kirkland Lake has record quarter with 180,155 oz.
ONTARIO – Toronto-based Kirkland Lake Gold produced 180,155 oz. of gold in Q3 2018 – above target and a record quarterly output. The Macassa, Holt and Taylor mines in Northern Ontario collectively produced 89,537 oz., and the Fosterville mine in…
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GOLD: Wallbridge cuts 98.90 g/t from hot Habanero zone at Fenelon
QUEBEC – Wallbridge Mining Co. of Lively, Ont., continues its successful drilling program at the Fenelon gold project 75 km northwest of Matagami. The most recent results included 98.90 g/t gold over 2.71 metres in the Habanero zone, 134.57 g/t…
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Gold stocks undervalued, says Haywood Securities
The mining team at Haywood Securities says now is a good time to invest in undervalued gold stocks. “In the first nine months of 2018 the price of gold has declined 9%, while gold equities have declined about 20% (GDX…
