Capital Market

Mining News Pro - Hecla Mining’s Lucky Friday mine has been showcased by the Idaho Department of Environmental Quality as an example of environmental leadership for its efforts creating water treatment facilities that reduce the concentration of lead and zinc in the water released by over 95% and a water recycling program that reduces the average freshwater use by 95% in the concentrator plant.

Mining News Pro - After freezing out Rio Tinto Group for more than a decade for owning a highly polluting copper mine, one of the world’s biggest sovereign wealth funds has brought the company back into the fold.

Mining News Pro - Vancouver-based Falcon Gold announced Monday that CEO and director Karim Rayani has increased its holdings in the company through multiple investments.

Mining News Pro - Sirios Resources (TSXV: SOI) has completed a non-brokered private placement for aggregate gross proceeds of C$1.48 million, the Québec-based gold miner announced Monday. The company issued 7.4 million units at C$0.20 per unit, a premium to the current share price of C$0.18.

Mining News Pro - While the Canadian province of Nova Scotia has been attracting local and international companies lured by its untouched gold riches and the easy access to most assets, located nearby existing highways, some groups warn of potential impacts to watersheds and communities.

Mining News Pro - At least 15 gold miners were killed on Saturday when a dam collapsed, flooding an artisanal mining encampment in a remote part of Siberia, officials said.

Mining News Pro - Barrick Gold Corp (TSX:ABX) (NYSE:GOLD) said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2-billion transaction approved by a British court last month.

Mining News Pro - First Quantum Minerals shares were up 17% on Thursday after Pangaea Investment Management, a firm backed by Chinese state-owned Jiangxi Copper upped its stake in the Canadian miner.

Mining News Pro - Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) has completed the sale of its El Limon and La Libertad gold mines, the Pavon gold project and other mineral concessions in Nicaragua to explorer and developer Calibre Mining.

Mining News Pro - Australia’s Fortescue Metals Group (ASX:FMG) and Guinea’s Société Miniere de Boke (SMB) are the two companies shortlisted to win mining rights to the northern blocks of the giant Simandou iron ore deposit, given up by Israeli tycoon Beny Steinmetz earlier this year.

Mining News Pro - Canada’s $8 billion precious metals-focused fund manager is bargain-hunting for stakes of mining firms that have seen valuations tumble.

Mining News Pro - First Mining Gold announced on Wednesday the positive results of an updated preliminary economic assessment (PEA) for its Springpole gold project. The project is located about 110 km northeast of the town of Red Lake in northwestern Ontario, covering 32,448 hectares.

Mining News Pro - Altamira Gold announced an increase in the resource estimate for its advanced Cajueiro project, located in the northern part of the Mato Grosso state in western Brazil.

Mining News Pro - Newmont Goldcorp said on Tuesday its $175 million Ahafo mill expansion project in Ghana had begun commercial production, becoming the third project the company has delivered on schedule and within budget this year.

Mining News Pro - Australia’s Newcrest Mining Ltd, the country’s biggest gold producer, said on Tuesday it will go ahead with a $685 million first-stage expansion of its flagship Cadia mine in New South Wales.

Mining News Pro - Canadian gold miner B2Gold (TSX: BTO) has approved a $3 million investment to build an offgrid solar battery hybrid system at its Fekola mine in Mali. Construction is set to start at the end of this year, with completion scheduled for August 2020.

Mining News Pro - A Canadian court has given the go-ahead for a pension fund’s proposed $3 billion securities class action against Barrick Gold (TSX:ABX) (NYSE:GOLD), the world’s second largest bullion miner, for alleged misrepresentations in its environmental disclosures about the stalled Pascua Lama gold-copper mine straddling the Chile-Argentina border.

Mining News Pro - Gold investment demand was strong in the months following gold’s decisive breakout to new bull-market highs in late June. The metal’s upside momentum fueled big capital inflows, accelerating its gains.

Mining News Pro - Newmont Goldcorp confirmed on Wednesday the lifting of an almost four-week illegal blockade affecting its Peñasquito gold-silver mine in Mexico, which will cost the operation thousands of tonnes in terms of lost output.

Mining News Pro - M3 Metals (TSXV: MT) secured an option from two separate vendors to acquire a 100% right, title and interest in the Mohave Mine gold project in the US state of Arizona.

In Picture

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