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Generation Mining feasibility defines 13-year open pit mine
A feasibility study from Generation Mining (TSX: GENM) on its 80%-held Marathon palladium-copper project in northwestern Ontario suggests a 25,200 t/d open pit operation producing a copper-PGM (platinum group metal) concentrate for sale to an off-site smelter. In its first…
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PureGold drills high-grade gold at three targets as mine ramps up
Pure Gold Mining (TSXV: PGM; LSE: PUR) has released the results of surface exploration drilling completed at the Wedge, Treasure Box and No. 1 Vein targets within its 47-sq.-km PureGold property in Red Lake, Ont. The drillholes hit intervals of…
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Golden Predator to acquire Viva Gold, build ‘premier junior gold producer’
Golden Predator Mining (TSXV: GPY) has entered into a definitive arrangement agreement to acquire Viva Gold (TSXV: VAU). This transaction would bring together Golden Predator’s past-producing Brewery Creek mine, 55 km from Dawson City in the Yukon, with Viva’s Tonopah…
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World Gold Council adds four new board members
The World Gold Council, the market development organization for the gold industry, announced on Tuesday that Aura Minerals (TSX: ORA), B2Gold (TSX: BTO), Sandstorm Gold Royalties (TSX: SSL, NYSE: SAND), and China’s Shandong Zhaojin Group have joined its board of members. Aura…
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Bluestone’s Cerro Blanco produce over 300,000 gold oz. a year at its peak
Recent results of a preliminary economic assessment for Bluestone Resources’ (TSXV: BSR) Cerro Blanco project in Guatemala show a doubling of the gold resource ounces and production profile, which effectively triples the NPV (net present value estimate) of the project,…
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Equinox adds to Hardrock stake in Ontario
Growing gold miner Equinox Gold (TSX: EQX) has upped its stake in the Hardrock gold project in Ontario by 10%, for a total ownership of 60%. The company has entered into an agreement with Orion Mine Finance to add 10%…
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Alamos reports record operating cash flows, ups dividend by 25%
Gold miner Alamos Gold (TSX, NYSE: AGI) has announced record cash flow from operations, both for the fourth quarter and full year, with its 2020 financial results release. Production of 426,800 gold oz. for the year (120,400 oz. in the…
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Sabina updates feasibility on 15-year ‘world-class’ project in Nunavut
Sabina Gold & Silver (TSX: SBB) has released an updated feasibility study on a combined open pit and underground development at the Goose property within its Back River gold project in Nunavut, 520 km northeast of Yellowknife. The engineering study…
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Capstone reports 2020 operations beat with strong Q4
Copper-focused miner Capstone Mining (TSX: CS) beat its production and costs guidance for 2020, driven by strong fourth-quarter output at both the Pinto Valley open pit mine in Arizona and at the Cozamin underground mine in Mexico. With a total…
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Dundee Precious Metals releases PFS on US$211M open pit mine at Timok
Toronto-based gold and copper producer Dundee Precious Metals (TSX: DPM) has announced the results of a prefeasibility study on its Timok gold project in Serbia, as well as the decision to go ahead with a feasibility study. The latest engineering…
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Northern Graphite to produce large flake concentrates at Bissett Creek
Northern Graphite (TSXV: NGC) announced that ongoing metallurgical testing confirmed that it is possible to produce a high percentage of valuable, large flake concentrates from its Bissett Creek deposit in Ontario. According to the Ottawa-based company, recent tests have averaged…
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Star Diamond locks horns with Rio Tinto on diamond breakage study
Star Diamond (TSX: DIAM) has provided an update on the progress of a 10 cutter-hole bulk sample program completed by joint venture partner Rio Tinto Exploration Canada on the Star kimberlite at the Star-Orion South diamond project in Saskatchewan. The…
