Gold
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Newmont reports best quarter ever, raises dividend by 60%
Driven by higher gold prices, Newmont reported record earnings and cash flow in the third quarter that allowed it to raise its dividend by 60% to US40¢ per share. The company, which previously raised the dividend by 79% in January,…
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Alamos records record cash flow in Q3, ups dividend by 33%
In the third quarter, gold producer Alamos Gold generated record cash flow of US$76 million, led by strong operating performance across its three operations in Ontario and Mexico. During the reporting period, Alamos generated 117,100 gold oz., and sold 116,035…
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1911 Gold begins 18,000 metre drill program on Rice Lake claims
Toronto-based junior 1911 Gold is set to begin a fully funded 18,000-metre drill program testing kilometre-scale structural targets on its 543.4-sq.-km Rice Lake claims in Manitoba. The majority of the drilling will take place at the Tinney and Bidou projects,…
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Adriatic Metals secures US$28M financing package
Adriatic Metals has signed agreements to raise US$28 million from two new investors – Queen’s Road Capital Investment and the European Bank for Reconstruction and Development – following the recent release of a prefeasibility study on its flagship Vares silver…
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Robex Resources’ Nampala mine in Mali goes solar
Canada’s Robex Resources has decided that, for the next 15 years, most of the energy used at its Nampala mine in Mali will come from solar power. To fulfill this goal, the miner has engaged Vivo Energy, a firm that…
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Probe uncovers new, near-surface gold zones at Pascalis in Quebec
The most recent exploration results from Probe Metals’ 2020 drill program at its Val-d’Or East property hit near-surface gold mineralization around existing resources and discovered new gold zones around the Pascalis trend. The company has released assay results for 36…
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Brixton teams with Friedland company on Hog Heaven project
Brixton Metals has entered a joint venture agreement on its wholly owned Hog Heaven project with High Power Exploration (HPX), a privately owned mining company led by billionaire and Ivanhoe Mines founder Robert Friedland. The Hog Heaven project is an advanced-stage…
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Evolution Mining reports strong quarter, progress at Red Lake
Evolution Mining produced 170,021 oz. of gold at its six mines in Australia and Canada at all-in sustaining costs (AISCs) of US$857 (A$1,198) per oz. in the third quarter – putting the gold miner ahead of its 2020 guidance. Previously…
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New Found Gold steps out Keats with 41.4 metres of 22.3 g/t gold
Drilling around last year’s discovery hole at the Keats zone within New Found Gold’s wholly owned Queensway gold project has returned long intervals of high-grade gold. The explorer has released results of four holes, drilled as part of a 10-metre…
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PureGold drills ‘bonanza-grade’ in Red Lake
As developer Pure Gold Mining prepares its PureGold mine for a first gold pour by year-end, the company has reported high-grade intercepts from its 30,000-metre infill and stepout program. These latest results include both surface and underground drilling. Surface exploration…
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Nordgold-Shandong bidding war intensifies on ‘misleading’ statement from Cardinal
A long-running battle between Nordgold (LSE: NORD) and China’s Shandong Gold Mining over Cardinal Resources (ASX: CDV) has taken a legal turn after the Russian miner made a fresh application to Australia’s Takeovers Panel that accuses the takeover target of…
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Barrick’s Loulo-Gounkoto on track to meet 2020 guidance
Barrick Gold announced that its 80%-owned Loulo-Gounkoto complex remains on track to meet the upper end of its 2020 guidance, set at 540,000 oz. of gold, despite having faced multiple challenges including the COVID-19 pandemic and a military coup in…
