F3 expands PLN uranium project in land swap with CanAlaska
F3 Uranium (TSXV: FUU) is expanding its PNL (Patterson Lake North) project thanks to a land swap with CanAlaska Uranium (TSXV: CVV), F3 said in a news release on Monday. CanAlaska will trade its PW (Patterson West) property for F3’s Hobo Lake property. Both land packages are located in the Athabasca Basin of Saskatchewan. The […]
Steppe to create Mongolia’s largest gold producer with Boroo merger
Mongolia-focused Steppe Gold (TSX: STGO) is set to triple its annual production and elevate its status as the country’s largest and leading gold producer with the acquisition of Boroo Gold LLC. In a press release Monday, Steppe said it has signed a binding term sheet to acquire Boroo in an all-share transaction. The share exchange […]
Wesdome acquires 10.6% stake in Ontario-focused Angus Gold
Wesdome Gold Mines (TSX: WDO) is buying 10.6% equity stake in Angus Gold (TSXV: GUS), whose flagship project is right next to its Eagle River mine, through the participation of a flow-through unit offering announced by Angus Friday. The units are being priced at C$0.80, each comprising one Angus common stock and one-half of a […]
Barrick Gold denies meeting First Quantum in Panama
Barrick Gold (TSX: ABX) (NYSE: GOLD) has refuted a report from a Canadian newspaper saying that one of the gold miner’s executives had met with First Quantum (TSX: FM) representatives in Panama last week, to discuss a potential takeover of the troubled copper miner. The Globe and Mail reported on Thursday that Juana Barceló, president […]
Gladiator Metals (TSXV:GLAD) Provides Extensive Drilling and Exploration Update for Whitehorse Copper Project
Figure 1: Plan map of the Whitehorse Copper Project showing geology and location of the newly defined Little Chief mineralized trend (please refer to Company’s news releases dated February 13, 2023, April 3, 2023, July 31st 2023,November 2nd 2023, November 16th and December 11th 2023 for details). Source: Gladiator Metals Gladiator Metals (TSXV:GLAD) has provided […]
Mining People: Golden Cariboo, Great Eagle Gold, SafeSight, Soma Gold, Tincorp, Western Copper
Management changes announced this week: J. Frank Callaghan is the new president, CEO, and a director of Golden Cariboo Resources. Great Eagle Gold has shaken up its management team by naming Andrew Fletcher president and a director and Martin Bajic CFO. Carlos Andres Hernandes Nunez and Nizar Bharmal have resigned those roles, respectively. International Copper […]
Imperial’s Mount Polley produced 30 million lb. copper in 2023, despite damaged mill
Imperial Metals (TSX: III) reports that 2023 metal production from its Mount Polley copper mine near Williams Lake, BC, produced 30.1 million lb. of copper and 41,834 oz. of gold. Copper production was at the low end of guidance, but gold output exceeded the high end of its target. The fourth quarter saw the damaged […]
Bluestone soars on open-pit OK for Guatemalan gold
Shares in Bluestone Resources (TSXV: BSR) doubled after Guatemala approved a plan to change the contentious Cerro Blanco gold project to an open-pit operation from underground as the company considers selling it. Bluestone stock traded at C$0.47 at midday Wednesday in Toronto, valuing the company at C$69.1 million. It has been within a 52-week window of […]
Fortuna produces record AuEq ounces in 2023, but faces silver decline, higher costs
Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) is coming off a record year of gold production across its five operating mines, driven mainly by the Séguéla mine in Côte d’Ivoire which came online towards the end of the second quarter. Total gold production in 2023 was 326,638 oz., a 26% increase on 2022. This includes […]
Carlyle Commodities (CSE:CCC) Completes Drill Program at Newton Gold Project and Expands Newton Resource
Source: Carlyle Commodities Carlyle Commodities (CSE:CCC) has completed a new diamond drill program at the Newton Gold Project located in British Columbia, Canada. The drill program totalled 840.3 metres across 7 drill holes and tested multiple high-priority targets with the goal of expanding the current mineral resource estimate. Morgan Good, President and Chief Executive Officer, […]