Investing
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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…
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URANIUM: Niger to pay $14.5M for 10% of GoviEx’s Madaouela uranium project
NIGER – Niger’s Ministry of Mines issued a letter supporting the negotiations between Canada’s GoviEx Uranium and the country’s federal government regarding the Madaouela uranium project. Although final documents on their commercial understandings still need to be signed, the Vancouver-based…
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GOLD: Americas Silver gets US$42.5M boost from Sandstorm
NEVADA – Sandstorm Gold Royalties is making an investment of US$42.5 million in Americas Silver Corp., owner of the Relief Canyon gold mine 160 km northeast of Reno. The investment includes a US$25 million gold stream and royalty on the…
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GOLD: Royal Canadian Mint releases three new bullion coins
OTTAWA – The Royal Canadian Mint announced this week the launching of three new bullion coins targeted at precious metal investors. In a press release, the institution said that the pieces include double-incuse Gold and Silver Maple Leaf bullion coins…
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ZINC-LEAD-COPPER: Kinross takes 9.7% stake in Wolfden
TORONTO and THUNDER BAY, Ont. – Kinross Gold has acquired 12.5 million shares at $0.20 a share of Wolfden Resources for a $2.5 million investment for a 9.7% stake in the junior exploration company. The two companies will form of a committee to…
