News
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Marathon reports long gold intercepts from Berry zone at Valentine
Marathon Gold has released assay results for 16 drillholes completed within the 1.5-km-long Berry zone at the Valentine gold project in Newfoundland. The results include 11 infill holes completed within the Berry zone and five additional holes drilled to the…
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McEwen production down 33% in 2020
McEwen Mining reported on Monday that its production for 2020 was 92,100 gold oz. and 2 million silver oz., or 115,600 gold-equivalent oz. (GEOs). This represents a decline of 33% from the 174,400 GEOs produced in 2019. Consolidated production for…
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Victoria Gold’s new credit facilities expected to lower carrying costs in 2021
Victoria Gold (TSX: VGCX) says an agreement with a syndicate of banks for a secured US$200-million debt facility will cut carrying costs by about 50% in 2021. The credit facility consists of a US$100-million term loan and a US$100-million revolving…
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SilverCrest secures US$120M facility for Las Chispas, enters into EPC contract
As it looks to a construction decision for its flagship Las Chispas silver-gold project in Sonora, Mexico, SilverCrest Metals has announced that it has entered into a US$120-million credit agreement with RK Mine Finance. The secured financing facility is intended…
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Argonaut executes fixed bid contract for Magino gold project
Argonaut Gold has executed a fixed bid engineering, procurement, construction and commissioning contract (EPC contract) with Ausenco, an engineering and construction management company. The EPC contract covers construction of the Magino processing facility and other parts of the Magino open-pit…
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Super-fast charging-enabled all-electric offroad haul truck hits the gravel
As W.P. Kinsella once wrote, “build it and they will come.” That’s pretty much the story with the truck that MEDATech is building in collaboration with Tardif, a Western Star Dealer for the Eastern Townships region of Quebec, and super-fast…
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Kenorland completes RTO, to start trading in January
Kenorland Minerals will begin trading early this month on the TSX Venture Exchange under the symbol KLD after completing a reverse-takeover transaction with Northway Resources. The prospect generator announced the RTO with Alaska-focused explorer Northway Resources last July. Post-combination, shareholders…
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Gold Lion uncovers Carlin-type oxide gold at Robber Gulch in Idaho
Gold Lion Resources has announced a Carlin-type oxidized gold discovery at its Robber Gulch property in Idaho. Trench RG-TR-20-03, completed within the Raider zone, returned 174 metres of 0.45 g/t gold, including a 138-metre section of 0.51 g/t gold. This…
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ALX to acquire Electra nickel project in Ontario
ALX Resources announced that it has executed a definitive agreement for an option to purchase a 100% interest in the Electra nickel project in the Thunder Bay South mining district of Ontario. In a press release, ALX said that the…
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Pure Gold becomes Canada’s newest gold producer
Pure Gold Mining (TSXV: PGM; LSE: PUR; US-OTC: LRTNF) poured its first gold in the final week of 2020 at its PureGold mine in Red Lake, Ont., and the company expects to reach commercial production by the end of the…
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Nighthawk drills 155 metres of 1.36 g/t gold at the Colomac Main Sill
Nighthawk Gold has released assay results for four drillholes completed at zones 2 and 2.5 of the Colomac Main Sill within its Indin Lake gold property in the Northwest Territories, 200 km north of Yellowknife. This drilling tested the Main…
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Excelsior produces first copper cathode at Gunnison in Arizona
Excelsior Mining’s Gunnison copper project in Arizona has produced its first copper cathode. The in-situ recovery (ISR) operation is expected to sell the first copper cathodes in January 2021. “I am happy to confirm that Excelsior Mining is the newest…
