Canadian Mining Journal

  • Nomad grows royalty portfolio with US$45.8M Coral Gold acquisition

    August 24, 2020 by Canadian Mining Journal

    Nomad Royalty has entered into a definitive arrangement agreement to acquire Coral Gold in a cash and share deal valued at US$45.8 million as the company looks to grow its royalty portfolio. Through this transaction, Nomad is adding an uncapped,

  • GOLD: Eric Sprott slashes stake in Gran Colombia

    August 20, 2020 by MINING.COM Staff

    TORONTO – Eric Sprott is continuing to sell off his holdings in Toronto-based Gran Colombia Gold, the largest underground gold and silver producer in Colombia from its Segovia and Marmato operations. In an early warning report filed on Tuesday evening, it was revealed

  • News

    Americas Gold and Silver hits high-grade silver at Galena complex

    August 19, 2020 by Carl Williams

    Americas Gold and Silver (TSX: USA) has announced drill results from two holes at its Galena complex in the Silver Valley of northwest Idaho, 3 km west of Wallace in Shoshone County. The Galena Complex consists of the operating Galena mine,

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    ASSAYS: Kirkland Lake Gold installs Chrysos PhotonAssay at Fosterville

    August 17, 2020 by Canadian Mining Journal

    AUSTRALIA – Kirkland Lake Gold has signed a deal with Chrysos, to install the company’s PhotonAssay technology at its Fosterville mine in Australia. Chrysos PhotonAssay is a chemistry-free replacement for fire assays – it uses high-energy X-rays to excite atomic

  • News

    Endeavour Mining eyes dual listing after Semafo acquisition

    August 17, 2020 by Carl Williams

    Endeavour Mining (TSX: EDV), a Toronto-listed gold mining company with assets in West Africa, is assessing whether to dual list on either the London or New York exchanges as it looks to attract new investors following its recent acquisition of Semafo (TSX: SMF),

  • News

    Hudbay posts US$51.9M loss on Constancia suspension

    August 13, 2020 by Cecilia Jamasmie

    Canadian miner Hudbay Minerals (TSX: HBM, NYSE: HBM) posted a US$51.9 million loss in the second quarter, as an eight-week suspension of its Constancia copper mine in Peru weighed on results. The Toronto-based company revised down its production targets for its Peruvian operations

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    GOLD: Wesdome produces 25,142 oz. in Q2, on track to meet guidance

    August 12, 2020 by Canadian Mining Journal

    TORONTO – Wesdome Gold Mines’ Eagle River complex in Ontario churned out 25,142 oz. in the second quarter at all-in sustaining costs (AISCs) of US$879 per oz. According to the company, based on 50,264 oz. generated from the asset in

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    GOLD: Equinox generates 127,016 oz. in Q2, adjusts guidance

    August 11, 2020 by Canadian Mining Journal

    VANCOUVER – In the second quarter, producer Equinox Gold generated a total of 127,016 oz. at all-in sustaining costs of US$900 per oz. sold, from six mines in the Americas. Despite the COVID-19 pandemic, Equinox still recorded its highest quarterly

  • News

    Mexico Snapshot: Eight companies to watch

    August 11, 2020 by Magda Gardner

    Mexico is an attractive destination for Canadian miners with its mining-friendly policies, prospective mineral belts and well-developed infrastructure and legislation. Below, we provide an overview of eight companies with exploration, development and production-stage assets in the country.  Americas Gold and

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    GOLD: Karora produces 24,078 oz. in Q2, maintains guidance

    August 10, 2020 by Canadian Mining Journal

    TORONTO – In the second quarter of the year, Australia-focused gold producer Karora Resources generated 24,078 gold oz. at all-in sustaining costs of US$1,065 per oz. The company’s Beta Hunt underground mine delivered 16,818 oz. in the quarter while the

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    GOLD: Torex produces 59,508 oz. in Q2, updates 2020 guidance

    August 5, 2020 by Canadian Mining Journal

    TORONTO – Mexican-focused producer Torex Gold released its second quarter financial results and updated production guidance for the year: with 59,508 oz. generated in the quarter, the company now expects to produce 390,000 oz. to 420,000 oz. of gold this year.

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    GOLD: Victoria repays US$10M of secured credit facility

    August 5, 2020 by Canadian Mining Journal

    YUKON – Victoria Gold made a US$10-million early unscheduled repayment of interest and principal towards its US$100-million senior secured credit facility. The facility was fully drawn as of the end of March and the company made its first, US$7.1-million principal