Gold
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GOLD: Treasury drills high grades at Goliath Main zone
ONTARIO – Treasury Metals has reported the results of three holes completed within the Main zone of the deposit at its 50-sq.-km Goliath gold project. The drill highlights include 19.5 metres of 6.3 g/t gold, 9 metres of 4.8 g/t…
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AUTOMATION: RCT automates fleet in Burkina Faso
AUSTRALIA – RCT, a leader in providing autonomous solutions, has executed a project with African Underground Mining Services (AUMS) at the Siou underground gold mine in Burkina Faso. Earlier this year, RCT commissioned its ControlMaster guidance automation technology on two…
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Orla Mining advances Camino Rojo project in Mexico
Over the last month, Orla Mining (TSX: OLA) has completed two deals that help pave the way for developing its Camino Rojo gold project in Mexico’s Zacatecas state, 50 km southeast of Newmont’s (NYSE: NEM) Penasquito mine. On March 26, the company unveiled…
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Premier offers US$205M for Centerra’s stake in Greenstone Gold Mines
Premier Gold Mines is offering to purchase the remaining 50% interest it doesn’t already own in the Greenstone Gold Mines Partnership (GGM) from Centerra Gold for US$205 million. GGM’s principal asset is the Hardrock gold project (formerly known as the Trans-Canada property), in…
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GOLD: Bluestone develops Guatemala project
GUATEMALA – Bluestone Resources announced that, despite the COVID-19 pandemic, work on its flagship Cerro Blanco gold project is ongoing. In a press release, Bluestone said since the project is in the engineering phase and the focus is on project readiness…
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GOLD: Luminex grows Condor with first Camp resource
VANCOUVER – Luminex Resources has unveiled a maiden resource at its Camp deposit, part of its Condor project in southeast Ecuador, of 11.9 million inferred tonnes grading 2.95 g/t gold equivalent for 1.1 million gold-equivalent oz. Camp contains the highest…
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GOLD: Springpole PFS expected in early 2021, says First Mining
ONTARIO – First Mining Gold has released an update on the progress of a prefeasibility study (PFS) and permitting at its 419-sq.-km Springpole gold project in northwestern Ontario. The company now expects results of the PFS to be released early…
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GOLD: Lynx infill work delivers high grades for Osisko
QUEBEC – Infill drilling at Osisko Mining’s Windfall gold project within Quebec’s Abitibi greenstone belt continues to return multiple high-grade intervals. The company’s latest release includes a total of 90 intercepts. Drill highlights from the Lynx deposit include 5.6 metres…
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GOLD: TMAC releases Hope Bay PFS with new 4,000 t/d plant scenario
NUNAVUT – TMAC Resources has released key results from a prefeasibility study completed for its wholly owned Hope Bay property, which includes an operating mine. Last year, Hope Bay produced 139,510 oz. of gold; with release of its fourth quarter…
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M&A: Argonaut and Alio announce gold-focused merger
TORONTO – Producers Argonaut Gold and Alio Gold have entered into an agreement for an all-share merger with Argonaut acquiring Alio to create a diversified intermediate company with output of over 235,000 gold-equivalent oz. annually. With a share exchange ratio…
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M&A: Seabridge to pick up 3 Aces gold project in Yukon
Seabridge Gold is acquiring the 3 Aces gold project in southeast Yukon from Golden Predator Mining for 300,000 Seabridge shares and an immediate cash payment of $263,000 as reimbursement for project expenses. Golden Predator will receive further payments of $1…
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Barrick updates 10-year plan
Barrick Gold (TSE: ABX; NYSE: GOLD) has unveiled a 10-year gold production plan in which it aims to maintain production levels of approximately 5 million oz. gold per year between 2020 and 2029. The plan is based on its current operating…
