News
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GOLD: Genesis drills 19.7 metres of 1.36 g/t gold at Chevrier in Quebec
QUEBEC – Genesis Metals has released assay results for four holes completed at its 290-sq.-km Chevrier gold project near Chibougamau. The drill highlights include 19.7 metres of 1.36 g/t gold starting at 74.6 metres, 7.4 metres of 1.79 g/t gold…
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GOLD: Centerra’s Oksut in Turkey reaches commercial production
TURKEY – Centerra Gold has announced that its Oksut gold mine in south-central Turkey achieved commercial production as of May 31. The heap leach operation poured first gold at the end of January and has been ramping up mining, crushing,…
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GOLD: Troilus raises $22M in upsized offering
TORONTO – Troilus Gold has announced an upsized bought deal of $22 million (up from $15 million originally) as equity raises in the mining space continue. The company entered into an agreement where Cormark Securities, Laurentian Bank Securities and Stifel…
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CONVEYORS – Eriks, Fenner Dunlop partner to deliver conveyor belt solutions in US
PITTSBURGH – Eriks North America and Fenner Dunlop have announced a partnership to provide conveyor belting products and services to industrial customers in northern California and Nevada. Scott Holquist, VP of conveying systems products with Eriks North America, said that…
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Exploration Snapshot: Eight gold companies mining in Canada
Canada’s prolific geological terrain and adherence to the rule of law position the country as a go-to destination for companies looking to establish and operate mineral projects. A fall in the value of the Canadian dollar over the past few…
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COMMODITIES: BMO raises long-term precious metal price forecasts
TORONTO – BMO Capital Markets has hiked its long-run gold and silver price forecasts to US$1,400 per oz. and US$18.25 per oz., increases of 16.7% and 5.8%, respectively. The bank’s long term price forecasts have been “static” since 2015, the analysts…
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GOLD-SILVER: Equity Metals gets permit to explore Silver Queen in BC
BRITISH COLUMBIA – Equity Metals has announced that it has received a five-year, area-based exploration permit for its 100%-owned Silver Queen gold-silver project in western Canada. In a press release, Equity said the permit allows for drilling exploration from 50 drill…
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GOLD: Osisko Mining raising $150M in bought deal
TORONTO – On the back of a gold price rally, Osisko Mining has announced a $150-million bought deal private placement, one of the largest such raises in recent years. The company has entered into an agreement with Canaccord Genuity and…
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GOLD: Gowest expands Bradshaw footprint
TIMMINS – The spring drilling program at Gowest Gold’s 109-sq.-km North Timmins gold project has intersected extensions of the Bradshaw gold deposit. Drill highlights include 2.2 metres of 12.24 g/t gold and 2.5 metres of 1.89 g/t gold; both of…
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SAFETY: Fatigue Science launches ReadiAnalytics for insights into worker fatigue
VANCOUVER – Fatigue Science, a global provider of predictive human performance data, has launched ReadiAnalytics, a first-of-its-kind analytics platform. ReadiAnalytics delivers real-time, validated, and objective insights into workforce fatigue levels and its root causes. Fatigue management has emerged as a…
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MINERAL PROCESSING: Outotec to deliver copper solvent extraction technology to the DRC
DEMOCRATIC REPUBLIC OF CONGO – Outotec has been awarded a contract by La Sino-Congolaise Des Mines (Sicomines), a joint-venture of companies from China and the DRC, for the delivery of copper solvent extraction technology to Sicomines’ project near Kolwezi. The…
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Wesdome Gold plans low-cost mine at Kiena
Wesdome Gold Mines (TSX: WDO) has released a preliminary economic assessment (PEA) for its wholly owned Kiena mine complex, 15 km northwest of Val-d’Or and 100 km east of Rouyn-Noranda in Quebec. The PEA estimates a mine life of eight years…
