Gold and Silver

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 - 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 - 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 - 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 - 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.

Mining News Pro - Midtier miner Iamgold has temporarily reduced the underground workforce at its Westwood mine, in Quebec, following the seismic event reported earlier this month.

Mining News Pro - Ghana’s Minister of Lands and Natural Resources, Kwaku Asomah-Cheremeh, said that the Nana Akufo-Addo government expects the country’s mining sector to surpass last year’s production of over four million ounces of gold.

Mining News Pro - Dynamic Drill and Blast Holdings (DDB) is set to provide drilling services at AngloGold Ashanti’s Sunrise Dam gold mine and GWR Group’s Wiluna West iron ore operation in Western Australia.

Mining News Pro - Gold prices rebounded on Friday after US Treasury Secretary Steven Mnuchin said his agency and the Federal Reserve have “enough firepower” to continue to support the economy, boosting the metal’s appeal as a hedge against inflation.

Mining News Pro - Investment management firm Paulson & Co. said on Friday it would call a special meeting of shareholders to “refresh” Midas Gold’s board, in which the New York-based company has a 44.1% stake.

Mining News Pro - Minerals has completed a competitive bidding process for a new offtake agreement for copper and gold concentrate from its Aranzazu mine, in Mexico.

Mining News Pro - The board of silver and gold miner, Hochschild Mining, has approved the payment of the previously suspended interim dividend, announcing on Friday that shareholders would receive a $4-a-share dividend.

Mining News Pro - Carawine Resources has tightened its hold of the Tropicana North gold project in Western Australia with the acquisition of Phantom Resources.

In Picture