Investing
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DIAMONDS: World Diamond Council pushing for strengthening of Kimberley Process
ANTWERP – Members of the World Diamond Council are pushing for the pending conclusion of the Kimberley Process’ review and reform process, and the related call regarding the strengthening of the scope of the Kimberley Process Certification Scheme or KPCS.…
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GOLD: Crystal Lake adds Rob McEwen as strategic investor
VANCOUVER – Crystal Lake Mining has completed the first tranche of a $1.5-million private placement, raising $1.4 million through issuing 4.8 million units at 30¢ apiece. Rob McEwen, chairman and chief owner of McEwen Mining, bought 1.67 million units for $500,000 through his wholly owned company, Evanachan.…
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Osisko Gold Royalties bets on Sable Resources
Sable Resources (TSXV: SAE) says agreements potentially worth up to $12.6 million with Osisko Gold Royalties (TSX: OR) will finance exploration across its projects for the next four years. Osisko is taking a 9.86% stake for $2.08 million in the junior grassroots explorer…
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GOLD: Minera Alamos takes stake in Prime Mining
TORONTO – Minera Alamos has acquired a 16% interest in Prime Mining – formerly known as ePower Metals – after buying 9.45 million Prime shares at 30¢ per share on August 30. The transaction was part of an option agreement signed in June…
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COPPER-GOLD: Northern Dynasty offering raises $11.5M for Pebble project
ALASKA – Northern Dynasty Minerals has closed its previously announced bought deal, raising $11.5 million for its 100% owned Pebble copper-gold project 300 km from Anchorage. (All figures in U.S. dollars.) The original offering was to raise $5 million, but…
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ENVIRONMENT: NRCan invests in greener mining innovation
MONTREAL – Natural Resources Canada wants to see Canada’s mining industry become leaders in green technology. To that end, the federal government is investing over $1.5 million in the Royal Institution for the Advancement of Learning at McGill University. The…
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GOLD: Pure Gold lands US$90M for Madsen construction
ONTARIO — Six months after delivering a positive feasibility study for its Madsen gold project in Red Lake, Ont., Pure Gold Mining has landed a US$90-million financing to bring it into production. The junior is targeting the end of 2020…
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FINANCIAL: Gross revenue for BC miners hits a record high of $12.3 billion
VANCOUVER – The BC mining sector posted positive results for the second consecutive year, coming after a period of lower commodity prices and reduced activity. According to PwC Canada’s BC Mine report, prices for most metals and minerals produced in the province improved in…
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Equinox Gold completes construction of Aurizona mine
When Equinox Gold (TSXV: EQX; US-OTC: EQXFF) was formed in December 2017 as a three-way merger of Trek Mining, Newcastle Gold and Anfield Gold, it launched with a development asset in Brazil, a couple of non-core assets elsewhere in South America and…
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GOLD: Modified 43-101 Report on the Sleeping Giant Resources
Rouyn-Noranda – The 43-10 report on resources for the Sleeping Giant mine was modified and re-filed today with a certificate by a new qualified person. Here is a list of the modifications made: Item 4 – Environmental obligations to which the site is…
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COPPER: Ivanhoe gets half-billion-dollar injection from CITIC
VANCOUVER – Ivanhoe Mines has received a us$454 million investment from the African subsidiary of Chinese company CITIC Metals. CITIC has agreed to purchase more than 153.7 million Ivanhoe shares at a price of C$3.98. This is the second major…
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FUNDING: BC government to restore structure at historic coal mine
VICTORIA, B.C. – The government of the western Canadian province of British Columbia announced that it will lead the restoration of a 22.5-metre concrete headframe and tipple structure at the site of the historic Morden Colliery coal mine. Located in…
