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ACQUISITION: Peregrine Diamonds Ltd. to be Acquired by De Beers Canada
VANCOUVER – Peregrine Diamonds Ltd. is pleased to announce that it has entered into an arrangement agreement with De Beers Canada Inc. under which De Beers will acquire all of the Company’s outstanding common shares for $0.24 per share in…
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FERROCHROME: Update on Noront Ferrochrome Production Facility
TORONTO — Noront Resources Ltd. today announced that it has reduced the choice of prospective locations for its proposed ferrochrome production facility (FPF) to two Northern Ontario cities: Timmins or Sault Ste. Marie. Both Thunder Bay and Sudbury have been…
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BLOCKCHAIN: Goldcorp deposits the first gold on Tradewind blockchain
VANCOUVER – Goldcorp Inc. and Tradewind Markets, Inc., a financial technology company revolutionizing the way gold trades, announced that Goldcorp deposited the first gold onto Tradewind’s blockchain, known as VaultChain™, as the “genesis block”. A genesis block is the first block…
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SUPPLIERS: AMC Consultants launches new brand at the PDAC 2018 Convention
Melbourne – AMC Consultants (AMC) chose this year’s PDAC Convention to launch its new brand and website. Guided by a fresh focus—mine smarter—the move signals a new chapter for this veteran of mining that sees a bright future for the…
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COMMENTARY: Fifty years of ‘free’ gold
It is difficult to say when the ‘free’ gold market came into existence, since there always has been one. Yes, the gold price has been set and fixed by governments for long periods of time throughout history, as part of…
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M&A: Alio Gold to acquire Rye Patch Gold in all-share deal
In an effort to diversify geopolitical risk and transform itself from a single-asset producer, Mexico-focused Alio Gold is buying Rye Patch Gold and its Florida Canyon mine in Nevada, one of two acquisitions announced this week of companies with projects in the mining friendly…
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COPPER: Carube looking to crack open Jamaican copper industry
Drilling at Carube Copper’s (TSXV: CUC) 100% owned copper-gold Bellas Gate property in Jamaica returned positive drill results this October. Carube owns 11 properties across Jamaica covering 536 sq. km of mineral rights, but its focus is on Bellas Gate, which…
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GOLD: Firesteel to buy, restart Laiva gold mine in Finland
Firesteel Resources intends to reactivate the past producing Laiva gold mine located in central Finland, near the Gulf of Bothnia, in early December and begin producing gold in August 2018. To fund the project, it has entered a definitive prepaid forward…
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GOLD: Argonaut Gold completes acquisition of Cerro del Gallo
Toronto – Argonaut Gold Inc. is pleased to announce it has closed the previously announced acquisition of the Cerro del Gallo through the purchase of all of the issued and outstanding shares of San Anton Resource Corporation, a subsidiary of Primero…
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GOLD: Dalradian submits mine planning application; closes C$78 million private placement
Toronto – Dalradian Resources Inc. is pleased to announce that it has submitted its planning application to permit the building of an underground mine and associated infrastructure at the Curraghinalt gold deposit to the Northern Ireland Department for Infrastructure. The Company…
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DIAMONDS: Dominion Diamond’s new chapter
One of the biggest deals to hit the diamond world recently is the sale and privatization of Dominion Diamond, Canada’s premier diamond miner and the world’s third largest producer of rough diamonds by value. The sale gives Montana-based Washington Companies a 100%…
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M&A: Alamos Gold Announces Completion of Acquisition of Richmont Mines
TORONTO – Alamos Gold Inc. is pleased to announce the completion of the previously announced plan of arrangement whereby Alamos acquired all of the issued and outstanding shares of Richmont Mines Inc.. Under the terms of the Transaction, all Richmont issued…
