News
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GOLD: Las Conchitas returns more gold for Mako
NICARAGUA – Mako Mining has released the results of six holes drilled to test the Bayacun zone at the Las Conchitas area within the San Albino project, which intercepted high-grade gold and silver mineralization at shallow depths. Highlights include 1.6…
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Commentary: What previous pandemics tell us about gold
In early January 2020, gold prices were steadily escalating on the heels of strong investor confidence fueled by some of the largest mining M&A transactions in recent history, including Newmont’s merger with Goldcorp (US$10 billion), and Kirkland Lake Gold’s acquisition…
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GOLD: Aston halts drilling in Virginia
VIRGINIA – Aston Bay has announced that, as a precautionary measure in the face of the COVID-19 pandemic, it has decided to pause drilling operations at its Buckingham gold property in central Virginia in the U.S. In a press release, the Toronto-based…
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COVID-19: Ontario and Quebec differ on ‘essential service’ definitions
Yesterday, Ontario Premier Doug Ford and Quebec Premier Francois Legault both ordered the closure of non-essential businesses, effective as of midnight on Tuesday, Mar. 24. Quebec’s shutdown will last three weeks ending April 13, while Ontario’s shutdown is for two…
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URANIUM: Cameco, Orano Canada suspending Sask. operations due to COVID-19
SASKATCHEWAN – Uranium companies Cameco and Orano Canada are suspending mining and processing activities at their operations in the northern part of the province due to the COVID-19 threat. The two companies jointly agreed to suspend production activities: Cameco operates…
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GOLD: N.S. explorers MegumaGold and Osprey combine
NOVA SCOTIA – MegumaGold and Osprey Gold have entered into an agreement for a business combination with MegumaGold acquiring Osprey in an all-share deal worth an estimated $3.7 million, based on yesterday’s closing prices. MegumaGold holds a total of 1,071…
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ENERGY: Camfil introduces calculation tools to reduce gas turbine CO₂ emissions
ONTARIO – Camfil Power Systems, a leader in environmentally conscious filtration, has designed new calculation tools for gas turbine operators in the power generation and oil and gas industries. The calculators estimate the potential carbon savings that can be achieved by…
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COVID-19: South African mines to suspend operations for 21 days
On Monday evening, South Africa’s president Cyril Ramaphosa announced a 21-day nationwide lockdown as of midnight on Mar. 26 to slow the spread of the COVID-19 virus. As a result, companies operating mines in the country, such as Anglo American,…
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Global Gold Snapshot: Eight companies to watch
Given the market volatility from the spread of COVID-19, the outlook for gold remains uncertain. Nevertheless, gold exploration and mine development remain important drivers of mining activity. Here are eight companies with exposure to gold and precious metals. Bear Creek…
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GRAPHITE: Northern Graphite secures financing for Bissett Creek
ONTARIO – Northern Graphite (GRR) has announced that it will sell a 1% gross revenue royalty on its Bissett Creek project to Electric Royalties (ERL) for $500,000 in cash and 2 million common shares of ERL. Under the terms of the…
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COVID-19: Ontario, Quebec premiers order non-essential businesses to close
Ontario premier Doug Ford and Quebec premier Francois Legault have ordered non-essential businesses in the two provinces to close starting Wednesday, Mar. 25 due to the growth of COVID-19 cases in Canada. Ontario’s list of essential stores and services will…
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GOLD: Nighthawk expands Colomac Main sill at depth
NORTHWEST TERRITORIES – With release of ten outstanding holes from the 2019 exploration program at its Indin Lake property, Nighthawk Gold has expanded the under-explored central portion of the Colomac Main sill at depth. The holes targeted zones 2.5 and…
