News
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GOLD: Pandemic drives prices to record levels in Q2
LONDON – As gold hit a new all-time high of US$1,941.90 per oz. on Monday, Refinitiv released its second-quarter review of the gold sector, providing insight into where the demand is coming from – and where it’s actually falling. The review shows…
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GOLD-COPPER: Nomad to acquire royalty on Troilus gold project
QUEBEC – Newly formed royalty and streaming co. Nomad Royalty has entered into a royalty purchase agreement with a private vendor to acquire a 1% net smelter return (NSR) royalty on a portion of Troilus Gold’s Troilus Gold project for…
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GOLD: Maritime hits high infill grades at Hammerdown
NEWFOUNDLAND AND LABRADOR – Infill drilling at Maritime Resources’ Hammerdown gold project has intersected high gold and silver grades within the footprint of the Hammerdown open pit outlined in this year’s preliminary economic assessment (PEA). Drill highlights include 2.5 metres…
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SURVEYING: Emesent partners with Deswik on mine data capture
AUSTRALIA – Emesent, a global technology company, and Deswik, a software developer, have signed a memorandum of understanding to integrate their respective solutions to provide a more comprehensive mine data capture and analysis offering. The two companies would work together…
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GOLD: Red Lake Gold acquires Clarence Stream North in NB, plans Alma spinout
NEW BRUNSWICK – Alma Gold, Red Lake Gold’s wholly owned subsidiary, has acquired the Clarence Stream North gold project, directly north of Galway Metals’ Clarence Stream property, ahead of its proposed spinout to the company’s existing shareholders. According to Red…
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GOLD: Golden Star sells Bogoso-Prestea to Future Global Resources
GHANA – Golden Star Resources has announced it will sell its 90% stake in the Bogoso-Prestea gold mine in southwestern Ghana to Future Global Resources for US$55 million and contingent payments of up to another US$40 million. The mine is about 40…
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Top 10 US-based mining companies
Mining in the United States has been ongoing for centuries and has played a role in the country’s development over the years. The Northern Miner presents its annual Top 10 listing of the largest U.S.-based mining companies, which are ranked by market capitalization,…
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EXPLORATION: Geoscience BC, BC Geological Survey join forces on resource research
BRITISH COLUMBIA – Non-profit organization Geoscience BC and the British Columbia Geological Survey signed a three-year agreement to coordinate and collaborate on geoscience research related to mineral resources in the province. In a press release, the organizations said that the memorandum…
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GOLD: KORE advances drilling at FG; closes first financing tranche
BRITISH COLUMBIA – KORE Mining has released assay results for six holes completed at its FG Gold project in the Cariboo region, which extend the Lower Zone discovery and further define the Upper Zone. Drill highlights include 52.5 metres of…
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MINING PEOPLE: Benz Mining, Equinox Gold, Far Resources, Fiore, Marimaca Copper, Meridian, Orosur
Management moves announced this week: Graeme Currie is now an advisor to Adamera Minerals. Andrey Shamis has been appointed interim CEO of Angus Ventures, succeeding Patrick Langlois in this role. Shamis joined the company’s board in 2017. Miloje Vicentijevic has resigned from…
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SILVER: Metallic starts drilling at Keno Silver in the Yukon
YUKON – Metallic Minerals has started up two drills at its wholly owned, 166-sq.-km Keno Silver project in the Yukon’s Keno Hill silver district. In the first phase of the program, a reverse circulation rig will test multi-kilometre anomalies discovered…
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NETWORKS: Nokia launches private 5G for enterprise customers
FINLAND – Nokia has announced that its 5G standalone (SA) industrial-grade private wireless networking solutions are now available for enterprise customers. According to Nokia, with this introduction of 5G SA, the company provides its customers with the most comprehensive portfolio…
