Marathon Gold’s EA for Valentine project in Newfoundland available for public comment

Mining News Pro - Marathon Gold reports that the environmental assessment (EA) report for the Valentine gold project has been filed by the Impact Assessment Agency of Canada. The report and the accompanying draft conditions for release will be available for 30 days for public review.

Investors not impressed by Aurelius’ maiden resource estimate at Aureus East gold project

Mining News Pro - Aurelius Minerals has released an initial mineral resource estimate on its Aureus East gold project in Nova Scotia, sending its equity to a new 12-month low at 19c apiece.

B2Gold to buy Aussie junior Oklo Resources

Mining News Pro - Canada’s B2Gold is buying Australian explorer Oklo Resources in a deal valued at A$90 million ($64m) or 17.25 cents per share, representing a 127% premium on Oklo’s closing price of 7.6 cents per share on Wednesday.

Osisko Mining hits more bonanza grades at Windfall gold project in Québec

Mining News Pro - Still progressing with infill and expansion drilling at its 100% owned Windfall gold project, Osisko Mining has received more promising analytical results that would support its upcoming feasibility study, which is expected by year-end.

Cleaner gold extraction technology goes global

Mining News Pro - A technology that enhances the extraction process of a number of metals and that was developed by scientists at Australia’s Curtin University made it to the global market after the sale of the researchers’ industry partners Mining and Process Solutions (MPS).

Biden plan would block Pebble gold mine

Mining News Pro - The Biden administration on Wednesday is outlining new pollution restrictions that would thwart a long-stalled plan to mine for gold near Alaska’s Bristol Bay.

Gold price falls 1% as dollar rebounds ahead of Fed minutes

Mining News Pro - Gold prices fell 1% on Wednesday as the precious metal was weighed by a rebound in the dollar ahead of the release of US central bank’s minutes from its May meeting.

Foxes add to Gold Fields headaches in Chile

Mining News Pro - South African miner Gold Fields, already dealing with the effects of inflation and the relocation of endangered chinchillas at its Salares Norte gold project in Chile is now facing potential sanctions from the country’s environmental regulator due to the death of specimens of culpeo fox in the area.

AurMac could achieve Tier 1 status in the Yukon this fall, says Banyan Gold CEO

Mining News Pro - Banyan Gold has delivered a mineral resource update on its flagship AurMac property nestled in an emerging mining district in the Yukon Territories between Alexco Resource Corp’s Keno Hill mine and Victoria Gold’s Eagle gold mine.

Russia’s biggest gold producer’s largest shareholder donates 100% of shares

Mining News Pro - PJSC Polyus Russia’s largest gold producer, has announced that Said Kerimov has donated 100% stake in Wandle Holdings, Polyus’ largest shareholder, and owned by Kerimov, to the Fund for support of Islamic foundations.

Revival Gold boosts Beartrack-Arnett resource in Idaho, shares surge

Mining News Pro - Shares of Revival Gold rose 25% Monday morning on an updated resource estimate for its Beartrack-Arnett gold project in Idaho that increased ounces in the indicated category by 56% and in the inferred by 19%.

Equinox Gold halts RDM mine in Brazil over permit delay

Mining News Pro - Equinox Gold has suspended operations at its RDM mine in Brazil for at least two months as scheduled permits needed to raise its tailing dam were delayed, the company said on May 16.

Gold price back above $1,800 as Treasury yield retreats

Mining News Pro - Gold prices bounced back emphatically on Monday as a retreat in US Treasury yields offset headwinds from a relatively firm dollar, driving more investors towards the safe haven metal.

Condor Gold says La India “construction ready”

Mining News Pro - Nicaragua-focused Condor Gold said on Friday its flagship La India open pit gold project in the Central American country, was “construction ready” and “materially de-risked”.

Elemental shareholders reject Gold Royalties’ hostile takeover bid

Mining News Pro - Gold Royalties failed to acquire Elemental Royalties as its all-share hostile takeover bid expired unsuccessfully on May 12, bringing an end to a saga that began in October.

Hochschild Mining earmarks $200m to build gold mine in Brazil

Mining News Pro - Precious metal producer Hochschild Mining (LON: HOC) will invest about $200 million to build the Posse gold mine in Brazil, a project added to its portfolio last year through the acquisition of Amarillo Gold.

Gold price retreats as dollar rally dims precious metals appeal

Mining News Pro - Gold, along with other precious metals, retreated on Thursday as investors’ attention turned to the accelerating dollar, driven by bets that the US Federal Reserve will stick to aggressive rate hikes.

Buenaventura says San Gabriel gold-silver project to produce by 2024

Mining News Pro - Buenaventura, one of Peru’s largest precious metals miners, will speed up construction of its San Gabriel gold and silver project, with a production start date no later than 2024, the company’s president said.

Gold price moves higher after US inflation report

Mining News Pro - Gold climbed higher on Wednesday after hotter-than-expected US inflation fueled expectations that the Federal Reserve will maintain a path of aggressive interest-rate hikes.

Newmont expects to pull trigger on $2bn Peru gold project mid-year

Mining News Pro - Newmont (NYSE: NEM) (TSX: NGT), the world’s no. 1 gold miner, expects to move ahead with a planned $2 billion expansion of its Yanacocha mine, in northern Peru’s Cajamarca region, to extend the asset’s life beyond 2040.

Barrick Gold eyes more copper assets in Africa

Mining News Pro -Barrick Gold wants to add more copper assets to its African portfolio due to a looming deficit and high prices for the industrial metal, which is also a key component in the making of electric vehicles (EVs) and vital to the renewables sector.

Gold price extends decline as dollar rallies to 20-year high

Mining News Pro - Gold prices extended losses on Monday as the dollar rallied to two-decade highs while US Treasury yields also advanced, curbing investors’ enthusiasm for the safe haven metal.

Pure Gold to raise $23 million to ramp up mine output

Mining News Pro - Cash-strapped Pure Gold Mining is making a non-brokered private placement of 200 million units at a price of C$0.15 each as a means of raising C$30 million (about $23m) for its PureGold mine in Red Lake, Ontario.

F1 tycoon backed gold deal in at heart of money laundering trial

Mining News Pro - Formula One mogul Bernie Ecclestone put up millions of dollars to backstop a series of gold transactions that made “no commercial sense,” prosecutors said at a trial into one the U.K.’s biggest money laundering operations.

Gold price set for third straight weekly drop on Fed rate hike prospects

Mining News Pro - Gold edged up on a weaker dollar on Friday, but is still on course for a third consecutive weekly decline, with the metal facing pressure from prospects of aggressive rate hikes from the US Federal Reserve.

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