Investing
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COPPER: Kintavar Exploration bets on Mitchi copper project in Quebec
Noranda was poking around southern Quebec in the 1970s when it drilled into what it believed was a skarn deposit grading around 0.5% copper, and walked away because it was too low grade. That ground, now known as the Mitchi…
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GOLD: Barrick invests $38M in Midas Gold’s Stibnite project
IDAHO – Barrick Gold of Toronto has agreed to invest at least $38 million (all figures U.S. dollars) in Midas Gold Corp. of Vancouver. Midas’s principle asset is the advanced Stibnite gold project 64 km east of McCall. Barrick has…
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BASE METALS: Anglo pulls support from Nautilus’ Solwara 1 project
PAPUA NEW GUINEA – A day before its May 8 annual meeting, Anglo American said it is pulling out of the Solwara 1 deep ocean mining project run by Nautilus Minerals of Toronto. Nautilus has held exploration licences for polymetallic…
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NEW JOBS: Ontario using Heritage Fund to boost mining employment
ONTARIO – The Government of Ontario is hoping to create 20 new full-time jobs in the mining supply and services sector. Through the Northern Ontario Heritage Fund Corp., the government will invest in 12 mining equipment and services companies in…
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Finland takes top spot for investment attractiveness: Fraser Institute
The following is an edited release by the Fraser Institute on the publication of its 2017 Annual Survey of Mining and Exploration Companies by Ashley Stedman and Kenneth P. Green. For more information, visit www.FraserInstitute.org. This survey is an attempt to…
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NICKEL-COBALT: Cobalt 27 picks up royalty on RNC’s Dumont project
QUEBEC – Cobalt 27 Capital Corp. has agreed to acquire an existing 1.75% net smelter return royalty on the Dumont nickel-cobalt project belonging to RNC Minerals. The mine is construction ready near the town of Amos. This is the first…
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Editorial: Bitcoin starts to eat gold’s lunch
Gold investors, miners and explorers have for the most part spent the last few years scoffing at the global cryptocurrency revolution led by Bitcoin and others, with a certain smug confidence that the phenomenon is a bubble prone to a…
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GOLD: Sage Gold Delivers Second Shipment to Mill
Toronto – Sage Gold Inc. is pleased to announce that the Black Fox-Stock Mill has completed processing a second bulk shipment of mineralized material from the Clavos gold mine. Similar to the first bulk sample mill run October 13th to 16th,…
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GOLD: Dalradian submits mine planning application; closes C$78 million private placement
Toronto – Dalradian Resources Inc. is pleased to announce that it has submitted its planning application to permit the building of an underground mine and associated infrastructure at the Curraghinalt gold deposit to the Northern Ireland Department for Infrastructure. The Company…
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GOLD: Anaconda Expands the Argyle Discovery and Provides Project Update
TORONTO – Anaconda Mining Inc. is pleased to provide the remaining assay results related to an expansion diamond drilling program and a percussion drilling campaign at its Argyle discovery, located approximately 4.5 kilometres from the Company’s fully-operational Pine Cove Mill and…
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EDITORIAL: Cameco suspends 40% of production in face of oversupply
Every mining subsector has its unofficial leader. It’s that company — usually with the largest market capitalization — that has arguably the best combination of top mineral deposits, superb operations, savvy management, high-quality workers, technical excellence, welcoming jurisdictions, a stable…
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Copper-Zinc: Teck to purchase Goldcorp’s San Nicolás interest
Teck Resources today announced that its Mexican subsidiary has entered into a binding agreement with a subsidiary of Goldcorp Inc. to purchase its 21% minority interest in the San Nicolás Project located in Zacatecas, Mexico for cash consideration of US$50…
