Canadian Mining Journal


Gold


  • COMMENT: Acacia takeover by merged Barrick an option

    November 7, 2018 by Marilyn Scales

    UNITED KINGDOM – The buyout of Acacia Mining’s minority shareholders by the new, larger Barrick Gold is one option, said Mark Bristow, CEO of Randgold Resources. Toronto-based Barrick, which owns about 64% of Acacia, and Randgold are merging in a

  • News

    GOLD: Barkerville extends Cow Mountain high grade down dip to 400 metres

    November 7, 2018 by Canadian Mining Journal

    BRITISH COLUMBIA – Toronto-based Barkerville Gold Mines has released the drilling results from the ongoing Cow Mountain program at its flagship Cariboo gold project near the town of Wells. The company says the results demonstrate the continuity of high grade

  • News

    GOLD: SSR Mining outlines work at Seabee mine

    November 7, 2018 by Canadian Mining Journal

    SASKATCHEWAN – Vancouver’s SSR Mining says exploration work at its Seabee gold mine 125 km northeast of La Ronge has outlined new gold resources and increased the company’s confidence that mineralization is continuous along the Santoy Gap hanging wall. Here

  • News

    Guyana Goldfields cuts production guidance at Aurora

    November 7, 2018 by Canadian Mining Journal

    Shares of Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) plunged 46% to $1.62 on news that the company has cut its 2018 production guidance and launched a review of the underlying resource model at its Aurora gold mine. The company has hired engineering

  • News

    GOLD: October inflows to gold-backed ETFs up as investors hedged risk -WGC

    November 7, 2018 by Canadian Mining Journal

    NEW YORK – Gold-backed exchange-traded funds (ETFs) registered increased inflows to both North American and European funds during October, as tumultuous equity markets triggered flight-to-quality buying, the World Gold Council said on Tuesday. North American funds had inflows of $561

  • Caledonia buys back 15% interest in Blanket gold mine

    November 7, 2018 by Canadian Mining Journal

    ZIMBABWE – Caledonia Mining has agreed to buy back Fremiro Investments’ 15% shareholding in the Blanket gold mine in Zimbabwe in a deal valued at US$16.6 million. After completing the transaction, Caledonia will own 64% of Blanket. Under the terms of the

  • News

    Marathon updates PEA with 44% increase in recovered gold

    November 6, 2018 by Canadian Mining Journal

    NEWFOUNDLAND – An updated preliminary economic assessment of Marathon Gold’s Valentine Lake project in Newfoundland, which was based on 20,000 metres of additional drilling since February, among other work, demonstrates stronger economics than an earlier PEA completed in May. The new

  • News

    GOLD: Barrick, Newmont said to be in talks to merge Nevada operations

    November 6, 2018 by Canadian Mining Journal

    NEVADA – Canada’s Barrick Gold, which last month announced it was buying Randgold Resources in a $6.1-billion deal, is said to have resumed talks with rival Newmont Mining aimed at merging their gold operations in Nevada. “They have been trying to negotiate

  • News

    GOLD: Better economics for Iamgold’s Cote project

    November 5, 2018 by Canadian Mining Journal

    ONTARIO – Iamgold of Toronto has completed the feasibility study for its Cote gold project 20 km southwest of Gogama (halfway between Timmins and Sudbury), and the company reports “significantly improved” project economics when compared to the pre-feasibility study of

  • News

    GOLD: Alamos reports best ever intersection at Island Gold mine

    November 5, 2018 by Canadian Mining Journal

    ONTARIO – Toronto’s Alamos Gold says its best ever surface directional drilling intersection at the Island Gold mine 83 km northeast of the town of Wawa. The results have allowed the company to extend high grade gold mineralization 60 metres

  • News

    GOLD: Court sides with Gold Fields as South Deep strike continues

    November 5, 2018 by Canadian Mining Journal

    SOUTH AFRICA – The strike by National Union of Mineworkers (NUM) members that began on Nov. 2 continues at the South Deep gold mine. About 150 to 200 union members blockaded the entrances to the mine. The job action began

  • GOLD: Troilus Gold intersects gold and copper below current resource at past-producer in Quebec

    October 31, 2018 by The Northern Miner

    From 1996 until 2010, Zone 87 at the Troilus mine in Quebec was responsible for the majority of the 2 million ounces of gold and 70,000 tonnes of copper that was produced at the open-pit mining operation. The Z87 pit