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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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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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Giga Metals targets battery market with PEA for Turnagain nickel project in BC
Giga Metals has tabled an updated preliminary economic assessment (PEA) on its Turnagain nickel-cobalt project in B.C., 65 km east of Dease Lake. The early-stage study suggests a two-stage, 37-year open pit operation, producing a high-grade nickel concentrate sold to…
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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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Battle North feasibility outlines high-margin gold mine at Bateman
A feasibility study on Battle North Gold’s Bateman project in Ontario’s Red Lake district has defined a 7-year, 1,315 t/d underground operation. This development features a 21-month construction and ramp-up period, which includes 14 months of gold production offsetting some…
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Copper snapshot: Eight companies with promising assets
With rising prices, a favourable supply-demand outlook and few new mines in development, investors are paying close attention to copper. Here are eight companies developing the next generation of projects. Arizona Metals Arizona Metals (TSXV: AMC) wholly owns the Kay…
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Minera Alamos working to fast-track Cerro de Oro project in Mexico
After acquiring the Cerro de Oro property in Mexico almost three months ago, Minera Alamos announced this week that it is fast-tracking development activities at the project. In a press release, the Canadian miner said it has already completed an…
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Argonaut’s Magino gold project gets the go-ahead
The board of directors of Argonaut Gold has approved construction of the company’s wholly owned Magino gold project in Ontario, 40 km northeast of Wawa. With a two-year construction period anticipated for Magino starting in January 2021, Argonaut expects a…
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The Northern Miner Podcast – episode 208: Prime Minister Trudeau, Premier Ford and Chief Boissoneau on the value of mining
This week’s episode features highlights from the ground-breaking ceremony for Iamgold’s Côté gold project in Ontario. Speakers at the event included Prime Minister Justin Trudeau, Premier Doug Ford and Mattagami First Nation Chief Chad Boissoneau, all of whom emphasized the…
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First Majestic Silver on track to meet guidance
In the third quarter, silver miner First Majestic Silver churned out 5.2 million silver-equivalent oz., made up of 3.2 million oz. of silver and 25,771 oz. of gold, from its three underground mines in Mexico. The figures represent a 72%…
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Black Iron advances offtake and construction agreements for Ukraine project
Ukraine-focused iron developer Black Iron has provided an update on the progress of a formal offtake process and construction and investment agreements for its Shymanivske iron ore project. Black Iron is reviewing proposals from the first round of submissions from…
