Canadian Mining Journal


  • SSR Mining and Alacer Gold to merge in zero-premium, all-share deal

    May 12, 2020 by Trish Saywell

    Executives at SSR Mining (TSX: SSRM; NASDAQ: SSRM) and Alacer Gold (TSX: ARR; ASX: AQG) started talking about a possible merger of the two companies in November 2019, and completed all of the site visits required and much of the due diligence to make

  • GOLD: Gran Colombia proposes merger with Gold X, Guyana Goldfields

    May 11, 2020 by Canadian Mining Journal

    TORONTO – Producer Gran Colombia Gold has announced that it has signed a definitive agreement for a business combination with Gold X Mining. The company has also submitted a proposal to acquire Guyana Goldfields in an all-share deal, which, on

  • Shandong Gold to buy TMAC Resources for US$149M

    May 11, 2020 by Trish Saywell

    In the latest Chinese acquisition of a Canadian gold miner, Shandong Gold is buying TMAC Resources (TSX: TMAC) and its Hope Bay gold project in Nunavut for US$149 million. The news follows Zijin Mining’s acquisition of Continental Gold in March for C$1.3

  • News

    GOLD: First Mexican acquires Golden Giant project

    May 11, 2020 by MINING.COM Staff

    QUEBEC – First Mexican Gold (FMG) announced that it has received approval from the TSX Venture Exchange and has completed the acquisition of a 100% interest in the Golden Giant project. In a press release, the Canadian miner said the acquisition was

  • News

    GOLD: Equinox tables PEA for underground development at Aurizona

    May 7, 2020 by Canadian Mining Journal

    BRAZIL – Equinox Gold has released the results of a preliminary economic assessment (PEA) on an underground development within its Aurizona mine site in northeastern Brazil. The early-stage study suggests a feed contribution of 2,800 t/d from the Piaba underground

  • News

    GOLD: Wesdome produces 25,122 oz. in Q1, maintains guidance

    May 6, 2020 by Canadian Mining Journal

    TORONTO – In the first quarter of this year, Wesdome Gold Mines’ Eagle River complex in Ontario produced a total of 25,122 oz. of gold at all-in sustaining costs of US$1,058 per oz. These numbers include 24,457 oz. from the

  • GOLD: Falling peso affects Torex’s Q1

    May 6, 2020 by Canadian Mining Journal

    TORONTO – A “wild swing” in the Mexican peso weighed on Torex Gold‘s first quarter, despite solid production of 108,537 oz. gold at the company’s El Limon Guajes mining complex in Guerrero state. In a release, Torex president and CEO

  • News

    GOLD-COPPER: GoldMining publishes maiden resource for Yarumalito in Colombia

    May 6, 2020 by Canadian Mining Journal

    ANTIOQUIA – GoldMining has released a pit-constrained maiden resource estimate for the Yarumalito project, 75 km southwest of Medellin, with total inferred resources of 66.3 million tonnes grading 0.7 g/t gold-equivalent for a total of 1.5 million gold-equivalent oz. Notably,

  • News

    Perseus pushes ahead in West Africa, despite virus threat

    May 6, 2020 by Trish Saywell

    Perseus Mining (TSX: PRU; ASX: PRU) is building its second open-pit mine in Côte d’Ivoire and its third in West Africa, and expects to pour first gold in December despite the COVID-19 pandemic. Once built, Yaoure will produce 215,000 oz. gold

  • News

    GOLD: Iamgold produces 170,000 oz. in Q1, tweaks guidance due to COVID-19

    May 5, 2020 by Canadian Mining Journal

    TORONTO – Miner Iamgold released its first quarter results, reporting production of 170,000 oz. at all-in sustaining costs of US$1,230 per oz. In the release, the company noted that while it did achieve its production targets for the quarter, output

  • News

    GOLD: Cartier grows Chimo Mine property resources

    May 5, 2020 by Canadian Mining Journal

    QUEBEC – Cartier Resources has released resource estimates for the North and South corridors within its wholly owned Chimo Mine property, 45 km east of Val-d’Or. Indicated resources for the North Corridor are at 505,300 tonnes at 5.35 g/t gold,

  • News

    Africa Snapshot: Eight companies active on the continent

    May 5, 2020 by Magda Gardner

    Africa offers pre-production and operating companies large areas of underexplored prospective terrain and, in many countries, established mining legislation. West Africa, in particular, has attracted many explorers, developers and producers looking to deliver competitive returns for shareholders. Notably, a number