Canadian Mining Journal


Gold


  • Newmont reports best quarter ever, raises dividend by 60%

    October 29, 2020 by Canadian Mining Journal

    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,

  • News

    Alamos records record cash flow in Q3, ups dividend by 33%

    October 29, 2020 by Canadian Mining Journal

    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

  • News

    1911 Gold begins 18,000 metre drill program on Rice Lake claims

    October 29, 2020 by Canadian Mining Journal

    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,

  • Adriatic Metals secures US$28M financing package

    October 29, 2020 by Northern Miner staff

    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

  • News

    Robex Resources’ Nampala mine in Mali goes solar

    October 29, 2020 by MINING.COM Staff

    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

  • News

    Probe uncovers new, near-surface gold zones at Pascalis in Quebec

    October 28, 2020 by Canadian Mining Journal

    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

  • News

    Brixton teams with Friedland company on Hog Heaven project

    October 28, 2020 by MINING.COM Staff

    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

  • Evolution Mining reports strong quarter, progress at Red Lake

    October 27, 2020 by Canadian Mining Journal

    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

  • News

    New Found Gold steps out Keats with 41.4 metres of 22.3 g/t gold

    October 27, 2020 by Canadian Mining Journal

    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

  • News

    PureGold drills ‘bonanza-grade’ in Red Lake

    October 27, 2020 by Canadian Mining Journal

    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

  • Nordgold-Shandong bidding war intensifies on ‘misleading’ statement from Cardinal

    October 27, 2020 by Cecilia Jamasmie

    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

  • News

    Barrick’s Loulo-Gounkoto on track to meet 2020 guidance

    October 27, 2020 by MINING.COM Staff

    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