Mining.com

By Michael Allan McCrae Debt financing doubled between 2016 and 2017, writes the PDAC in its mineral financing report released last month. While the amount of financing recovered from mid-decade lows due to a cyclical upswing in global economic activity, the composition of financing changed. “Equity financing, which accounts for on average roughly 35% of […]

By Valentina Ruiz Leotaud The Alaska Department of Natural Resources is inviting residents of Yukon-Kuskokwim Delta to submit their comments regarding Barrick Gold (TSX, NYSE:ABX) and NovaGold Resources’ (TSX, NYSE-MKT: NG) Dolin project by August 7, 2018. The public is being asked to review and provide feedback on Donlin’s reclamation and closure plans, as well

By Valentina Ruiz Leotaud The Peruvian Ministry of Energy and Mines determined that Canada’s Miramont Resources (CSE: MONT) is not eligible for an automatic approval of its drilling permit for the Cerro Hermoso project, as it is possible that the exploration activities may affect Indigenous communities. In a press release, the Vancouver-based miner explained that

By Bloomberg News (Bloomberg) —Barrick Gold Corp. is the undisclosed gold miner who was asked to sign a confidentiality agreement alongside activist investor John Paulson to discuss potentially buying Detour Gold Corp., according to people familiar with the matter. While Barrick’s level of interest in Detour is unclear, neither Paulson nor Barrick signed the confidentiality

By Bloomberg News The dollar erased most of its gains and treasuries strengthened after President Donald Trump criticized the Federal Reserve for raising interest rates. U.S. equities were mostly lower as financial shares led declines. Commodities tumbled into correction territory earlier Thursday, sliding again in the face of the resurgent dollar and lingering global trade

By Reuters Activist investor John Paulson’s hedge fund on Thursday said it would urge Detour Gold Corp to call a special shareholder meeting to replace a majority of the company’s directors, as it pushes for change at the Canadian gold miner. Paulson & Co’s statement comes a day after the parties engaged in a heated

By Michael Allan McCrae Paulson & Co. will move forward with its efforts to replace a majority of the Detour Gold’s board and explore the possible sale of company. In a letter release today, Paulson also said Detour had been “approached by a major gold mining company interested in potentially acquiring it.” Detour Gold is

By MINING.com Editor Colibri Resource corporation intersected 61 metres with an average grade of 0.75 grams per tonne gold including 1.5 meters of 17.3 grams per tonne. The Maritime-based junior is drilling its Pilar Gold Project in Sonora, Mexico. The objectives of the Phase 1 drill program at Pilar have been to confirm continuity within

By Cecilia Jamasmie A South Korean salvage team has discovered the wreck of a Russian warship that’s still carrying 200 tonnes of gold bullion and coins worth 150 trillion won ($130 billion), It is thought that the battle ship, called Dmitrii Donskoi, sank during the Russo-Japanese War in 1905, going down with 5,500 boxes of

By Reuters South African gold producers have offered annual wage increases of around 5 to 6 percent over three years to most rank and file miners and up to 4.5 percent for more skilled workers, according to a document seen by Reuters. Gold producers have been giving above-inflation wage hikes for years, adding to the