Capital Market

Mining News Pro - Edenville is nearing the maturity of a funding agreement it signed with Lind Partners in November 2018 for $580 000.

Mining News Pro - Bullion major Barrick Gold retained its listing in the prestigious Dow Jones Sustainability Index’s (DJSI`s) world index, ranking in the ninety-fifth percentile of all mining companies assessed.

Mining News Pro - Marathon Gold has received further financial backing from existing shareholder and Canadian businessman Pierre Lassonde, who intends to participate in a private placement of the company’s common shares.

Mining News Pro - Gold prices continued to hover above $1,800 after the latest economic data pointed to a rocky recovery in the US, while gold-backed exchange-traded funds continue to see outflows.

Mining News Pro - Northern Dynasty’s shares cratered nearly 50% after the company announced Wednesday its 100%-owned, US-based subsidiary Pebble Limited Partnership received formal notification from the US Army Corps of Engineers (USACE) that its application for permits under the Clean Water Act and other federal statutes has been denied.

Mining News Pro - Firefinch has poured its first gold at the Morila gold mine, in Mali, after completing the acquisition of an 80% interest in the mine earlier this month.

Mining News Pro - Evolution Mining chairman Jake Klein is optimistic that gold will remain robust in the long term despite prices dipping following positive news towards the development of a COVID-19 vaccine.

Mining News Pro - Mexico may soon bring back plans to create a nature reserve in Zacatecas, the country’s top silver producing state, after local authorities asked the federal government to approve a 2014 decree protecting wildlife.

Mining News Pro - Gold Fields’ South Deep mining operation has lodged an application with the National Energy Regulator of South Africa (Nersa) for an electricity generation licence for a proposed 40 MW solar photovoltaic plant at the mine, in Westonaria.

Mining News Pro - Kirkland Lake Gold (TSX: KL) has finalized an option agreement with respect to Wallbridge Mining’s Detour East property, located about 11 km east of the Detour Lake gold mine. The companies had previously signed a non-binding term sheet for a joint venture on the property.

Mining News Pro - KORE Mining is considering “maximizing the value of its gold portfolio” by splitting its US development assets and Canadian exploration assets into separate publicly listed companies by way of a spin-out to shareholders.

Mining News Pro - Vancouver-based copper and gold producer Ero Copper has tabled an updated resource and reserve statement for its NX Gold mine in Brazil. With this update, the underground operation now has an expected mine life of six years.

Mining News Pro - Global gold mine production growth will rebound in the coming years underpinned by higher gold prices and mergers between major mining firms.

Mining News Pro - A long-running battle between Nordgold and China’s Shandong Gold over Cardinal Resources has taken an unexpected turn after a Ghanaian firm formally presented on Tuesday an all-cash, unsolicited offer for the Australian miner.

Mining News Pro - Tharisa expects its headline earnings a share for the 12 months to September 30, to be between $0.16 and $0.17.

Mining News Pro - Instability in Zimbabwe caused by a spike in violence in the country’s gold mining sector over the last year, has eroded the export revenue that President Emmerson Mnangagwa’s government “urgently needs to keep the country’s struggling economy afloat,” independent nongovernmental organisation Crisis Group senior consultant for Southern Africa Piers Pigou laments.

Mining News Pro - Australia’s mid-tier mining companies have outperformed the remainder of the mining sector in 2020, according to statistics from Pricewaterhouse Coopers (PwC).

Mining News Pro - Chile’s copper production will likely rise by 0.6% to 5.82 million tonnes in 2020, state copper commission Cochilco said on Monday, and to 5.99 million tonnes in 2021.

Mining News Pro - Equinox Gold’s efforts to restart its Los Filos mine in Mexico, halted since Sept. 3, have been held up after members of the nearby Carrizalillo community resumed on Friday the long-held mine blockade.

Mining News Pro - Gold fell to its lowest in four-months on Monday as growing optimism over a covid-19 vaccine and signs of recovery in the US economy drove investors away from the safe-haven metal and towards riskier assets.