Investing
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Bunker Hill reinstates lease for historic mine
A month after defaulting on US$400,000 in lease payments for the past-producing Bunker Hill zinc-lead-silver mine property and Superfund site in the Silver Valley of Idaho, Bunker Hill Mining (CSE: BNKR) has struck a deal with the mine owner to reinstate the…
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GOLD: Canada’s Canarc buys Corral Canyon gold project
NEVADA – Canarc Resource just bought the Corral Canyon gold exploration project in northwestern Nevada through the staking of 92 mining claims. The Vancouver-based miner now owns 100% of the project with no underlying royalties. According to Canarc, the 742-hectare project…
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INVESTMENT: QMA notes spending uptick in province
QUEBEC – The Quebec Mining Association is pleased to note the upward trend in mining investment in that province during 2017-18. The provincial ministry of statistics originally estimated that the sector would spend $2.77 billion, but investment topped $3.00 billion…
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GOLD: World Gold Council launches site for data, analytics and research
LONDON, U.K. – On Nov. 8 the World Gold Council launched Goldhub, calling it a market leading source of data, insights and analytical tools aimed at helping investors understand gold’s value as a strategic asset. Goldhub offers investors range of…
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GOLD: October inflows to gold-backed ETFs up as investors hedged risk -WGC
NEW YORK – Gold-backed exchange-traded funds (ETFs) registered increased inflows to both North American and European funds during October, as tumultuous equity markets triggered flight-to-quality buying, the World Gold Council said on Tuesday. North American funds had inflows of $561…
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GOLD: Centerra unloads Boroo mine, Gatsuurt project
MONGOLIA – Toronto-based Centerra Gold is selling its assets in Mongolia. That includes the suspended Boroo gold mine and mill as well as the Gatsuurt gold development project. Both properties are to be purchased by OZD Asia pte for net…
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Metallic finds more veins at Keno and McKay Hill districts
Metallic Minerals (TSXV: MMG; US-OTC: MMNGF) is wrapping up its $2.5-million summer work program in the Yukon. The company fanned out across both its Keno silver district and McKay silver-lead-zinc district in the territory. It found several mineralized vein structures and…
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LITHIUM: Nemaska collects first $75M from Orion streaming pact
QUEBEC CITY, Que. – Nemaska Lithium says its subsidiary Nemaska Lithium Shawinigan Transformation has received the first payment of US$75 million from affiliates of Orion Mine Finance II LP. The is the first payment of the US$150-million streaming arrangement Nemaska…
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Franco-Nevada teams with oil firm Continental Resources to buy mineral rights
Franco-Nevada (TSX: FNV; NYSE: FNV) and Continental Resources (NYSE: CLR) have struck a strategic relationship to jointly buy mineral rights in the Scoop and Stack oil & gas plays in Oklahoma. Franco-Nevada says it will contribute about US$220 million for the acquisition of…
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GOLD: Moneta intercepts 47.00 m @ 2.08 g/t in a new mineralized shoot at Southwest Zone
TORONTO – Moneta Porcupine Mines Inc. is pleased to announce the results from seven additional diamond drill holes completed on the South West Deposit (“South West”) located within the Company’s Golden Highway Project, located 110 km east of Timmins. Highlights: Step-out…
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Technology Metals Snapshot: Eight juniors step up to meet the tech-metal challenge
The wider use globally of advanced technologies such as electric vehicles has led to a boom in juniors developing technology-metal assets, with an emphasis on lithium, cobalt, vanadium and rare earths. Here is a look at eight such juniors active…
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COPPER: Kintavar Exploration bets on Mitchi copper project in Quebec
Noranda was poking around southern Quebec in the 1970s when it drilled into what it believed was a skarn deposit grading around 0.5% copper, and walked away because it was too low grade. That ground, now known as the Mitchi…
