New Gold (TSX: NGD; NYSE-AM: NGD) has closed a strategic partnership with the Ontario Teachers’ Pension Plan (OTPP) to acquire a 46% free cash flow interest in the company’s New Afton mine for an upfront cash payment of US$300 million. The…
The p…
New Gold closes US$300M partnership with Ontario Teacher’s Pension Plan Read More »
DynaCERT (TSX: DYA), a Toronto-based company, has developed a technology called HydraGEN that could significantly reduce emissions by improving the performance and fuel efficiency of diesel engines used in mining machinery and equipment. The HydraGEN t…
DynaCERT says new technology can lower diesel emissions Read More »
NUNAVUT – TMAC Resources has released key results from a prefeasibility study completed for its wholly owned Hope Bay property, which includes an operating mine. Last year, Hope Bay produced 139,510 oz.; with release of its fourth quarter operating res…
GOLD: TMAC releases Hope Bay PFS with new 4,000 t/d plant scenario Read More »
TORONTO – Producers Argonaut Gold and Alio Gold have entered into an agreement for an all-share merger with Argonaut acquiring Alio to create a diversified intermediate company with output of over 235,000 gold-equivalent oz. annually. With a share exch…
M&A: Argonaut and Alio announce gold-focused merger Read More »
Barrick Gold (TSE: ABX; NYSE: GOLD) has unveiled a 10-year gold production plan in which it aims to maintain production levels of approximately 5 million oz. gold per year between 2020 and 2029. The plan is based on its current operating…
The pos…
Barrick updates 10-year plan Read More »
SASKATCHEWAN – Uranium companies Cameco and Orano Canada are suspending mining and processing activities at their operations in the northern part of the province due to the COVID-19 threat. The two companies jointly agreed to suspend production activit…
URANIUM: Cameco, Orano Canada suspending Sask. operations due to COVID-19 Read More »
On Monday evening, South Africa’s president Cyril Ramaphosa announced a 21-day nationwide lockdown as of midnight on Mar. 26 to slow the spread of the COVID-19 virus. As a result, companies operating mines in the country, such as Anglo American,……
COVID-19: South African mines to suspend operations for 21 days Read More »
Given the market volatility from the spread of COVID-19, the outlook for gold remains uncertain. Nevertheless, gold exploration and mine development remain important drivers of mining activity. Here are eight companies with exposure to gold and preciou…
Global Gold Snapshot: Eight companies to watch Read More »
TORONTO – Kirkland Lake Gold has announced that it is temporarily reducing its workforce at the Detour Lake mine site to 300 people due to the COVID-19 threat; the camp typically hosts 1,100 workers. As part of its COVID-19 response…
The post GOL…
GOLD: Kirkland Lake reduces Detour Lake activities due to COVID-19 Read More »
VANCOUVER – B2Gold issued a statement saying that even though it hasn’t shut down operations due to the COVID-19 pandemic, it has put measures in place and introduced additional precautionary steps to manage and respond to the risks associated wi…
GOLD: B2Gold implements precautionary measures at mine sites Read More »
