Gold and Silver

Mining News Pro - Mine financing company Triple Flag Precious Metals Corp said on Sunday it has agreed to pay $550 million upfront as part of a streaming financing deal with China Molybdenum Co Ltd (CMOC) for future production of precious metals at CMOC’s Northparkes mine in Australia.

Mining News Pro - Egypt-focused gold miner Centamin said on Monday it was looking at expansion opportunities as soaring bullion prices and the country’s decision to open up its riches to foreign capitals unlock opportunities.

Mining News Pro - Mining companies operating in Mexico have continued to invest in their operations, according to the Economy Secretariat’s Undersecretary of Mining Francisco Quiroga Fernández.

Mining News Pro - Franco-Nevada will do at least $500-million in streaming and royalty deals in mining this year, and a lot more if base-metal producers proceed with several larger financing deals in the $500-million to $1-billion range.

Mining News Pro - The owners of the Northparkes gold/copper mine, in New South Wales, has inked a $550-milion streaming agreement with financier Triple Flag Mining Finance Bermuda, a subsidiary of Triple Flag Precious Metals Corp.

Mining News Pro - The red-hot rally in gold prices driven by investor concern about the coronavirus pandemic and its impact on the global economy has propelled South African gold stocks to record-slaying highs.

Mining News Pro - Zimbabwe’s biggest gold mines are being snapped up by Mauritius-based Sotic International Ltd. as the price of bullion soars to the highest in more than eight years.

Mining News Pro - Canada’s Novagold, which is suing short-selling firm J Capital Research (JCAP) for defamation, said a US law firm’s potential attempt to launch a class suit against the company on alleged securities fraud would be based on “malicious and false information”.

Mining News Pro - Franco-Nevada Corp. will do at least $500 million in streaming and royalty deals in mining this year, and a lot more if base-metal producers proceed with several larger financing deals in the $500 million to $1 billion range.

Mining News Pro - Canada’s Galantas Gold said on Thursday it was working out details to resume blasting at its Omagh gold mine in Northern Ireland, which has been suspended since October due to lack of required supervision.

Mining News Pro - Metals Creek Resources announced that it has received all necessary exploration permits and has kickstarted a diamond drilling campaign on the Dona Lake gold project in Ontario.

Mining News Pro - The total transaction value of mergers and acquisitions in the second quarter of the year reached $2.86 billion in twelve deals, with Chinese buyers acquiring gold assets and smaller companies joining forces to become mid-tier producers, the Bank of America Securities says in a new report.

Mining News Pro - Monarch Gold is studying the use of freight rail operator Ontario Northland Railway’s infrastructure to move ore from its Wasamac gold project, in Val d’Or, Quebec, to Glencore Canada’s Kidd concentrator, in Timmins, Ontario.

Mining News Pro - Bellevue Gold is set to accelerate activities at its Western Australian gold project, including growing the existing 2.3 million-ounce resource and advancing development of an underground operation.

Mining News Pro - Australian gold prices have reached another height, breaching and staying above $2600 an ounce since Tuesday this week.

Mining News Pro - Triple listed Kirkland Lake Gold has reported a 54% increase in gold production for the second quarter of 2020, compared with the previous corresponding period.

Mining News Pro - Bardoc Gold is set up to move from the construction phase and into gold production at the Bardoc gold project near Kalgoorlie in Western Australia.

Mining News Pro - Galena Mining has raised $12 million to advance its Abra base metals project in the Gascoyne region of Western Australia.

Mining News Pro - Saracen Mineral Holdings has finished the 2020 financial year with record production of 520,414 ounces of gold, beating its guidance of 500,000 ounces.

Mining News Pro - Growing scrutiny by mineral-rich Australia and Canada may cut short a deal frenzy led by China’s state miners and limit Beijing’s role in gold sector consolidation, bankers and analysts said.

In Picture