Australian gold miner Red 5 to acquire Silver Lake Resources
Australian gold miner Red 5 will takeover rival Silver Lake Resources to build a mid tier gold company valued at $1.5 billion, the two companies said in a joint statement on Monday.
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McClean Lake uranium mine in Canada to resume production
Denison Mines and joint venture partner Orano Canada said on Wednesday they will restart the McClean Lake mine, located in the uranium-rich Athabasca Basin in northern Saskatchewan, amid improving project and commodity economics.
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Lake Lindsay mine expansion approved
Mining News Pro - Anglo American’s Lake Lindsay open cut coal mine has been granted a mining lease by the Queensland Government.
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Champion Iron shares rise after update boosts Bloom Lake resources by 40%
Mining News Pro - An update for Champion Iron‘s Bloom Lake mine in northeast Quebec has increased measured and indicated resources by 40% and inferred resources by 360%, boosting company shares by more than 6% on Wednesday.
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End of an era for Kalium Lakes
Mining News Pro - Sulphate of potash miner Kalium Lakes has entered into administration, appointing Rob Brauer, Jason Preston and Rob Kirman as receivers and managers.
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Silver Lake eyes worst day in eight years as sales outlook disappoints
Mining News Pro - Silver Lake Resources (SLR) is set for its worst session in eight years on Monday as record annual output failed to make up for an unflattering sales outlook.
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Silver Lake proposal “no material improvement” for St Barbara
Mining News Pro - Silver Lake upped its bid for St Barbara’s Leonora assets last week, but it seems the St Barbara/Genesis deal is still on track.
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St Barbara ends talks with Silver Lake on Leonara bid
Mining News Pro - Australian gold miner St Barbara said on Tuesday it will not further engage with Silver Lake Resources whose revised offer for its Leonora assets in Western Australia was “unacceptably conditional”.
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Silver Lake submits revised bid for St Barbara’s Leonara assets
Mining News Pro - Silver Lake Resources Ltd made a revised offer on Thursday to buy St Barbara Ltd’s Leonara assets in Western Australia for A$707 million ($479.56 million), allowing the latter to secure a 7.5% stake in the gold miner.
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St Barbara backs Genesis’ offer for Leonara assets over Silver Lake bid
Mining News Pro - Australian gold miner St Barbara Ltd on Thursday said it will back a A$600 million ($400 million) offer for its Leonara assets from Genesis Minerals Ltd, despite a higher proposal from Silver Lake Resources Ltd SLR.AX.
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Fission announces economics for Patterson Lake South uranium
Mining News Pro - Fission Uranium has announced the results of a feasibility study conducted by Tetra Tech Canada for the Patterson Lake South property in the Athabasca Basin.
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Congo picks Symbion to tap methane-filled lake
Mining News Pro - New York’s Symbion Power won a bid to produce electricity from methane trapped in a lake in the eastern Democratic Republic of Congo, the country’s oil minister Didier Budimbu Ntubuanga told Bloomberg.
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Lake Resources shares dip on another short seller report
Mining News Pro - J Capital says one of Dickson’s first actions was to contact Chinese-based Sunresin to ask if Lake could explore using their DLE technology. “We have confirmed this with multiple sources, including Sunresin,” said J Capital in its report.
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Pure Gold cuts Red Lake resource base by 20%
Mining News Pro - Pure Gold Mining has released an updated mineral resource estimate for its namesake operation in Ontario’s Red Lake gold camp, reporting 20% fewer ounces in the resource categories.
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De Beers Canada receives fine for 2017 Snap Lake diesel spill
Mining News Pro - De Beers Canada has been fined C$350,000 by Canada’s Environment and Climate Change ministry for a diesel spill at the Snap Lake diamond mine in Northwest Territories.
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Lake Resources shares hit by short seller’s lithium tech allegations
Mining News Pro - Short seller J Capital Research on Monday alleged that Lake Resources NL’s plan to produce lithium in Argentina is based on a process from Lilac Solutions Inc that likely does not work, the latest attack against a wave of new technologies aiming to produce the electric vehicle battery metal.
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Two Red Lake hopefuls’ shares crater on brewing Barrick beef
Mining News Pro - The shares of two Red Lake Gold Camp-focused ‘close-ology plays’ crashed on Tuesday after they made public that Barrick Gold has named them parties in a statement of claim for C$120 million ($92.1m) for a cancelled exploration earn-in option on each of the companies’ respective exploration projects.
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Great Salt Lake plants, insects absorb toxic metals from surrounding mines
Mining News Pro - A recent study by researchers at Utah State University found that plants in Great Salt Lake wetland ecosystems are able to pull hazardous metal pollution from the lake and sometimes pass it up the food chain.
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Cameco, Orano up stake in Cigar Lake uranium mine
Mining News Pro - Uranium producers Cameco and Orano are increasing their stakes in the Cigar Lake uranium mine in northern Saskatchewan, Canada, by buying Idemitsu Canada Resources’ 7.9% interest in the asset for C$187 million (about $144m).
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COVID tarnishes Silver Lake production
Mining News Pro - Silver Lake has withdrawn its sales guidance for FY22, saying the March quarter results from its Western Australian operations reflect the implications of the State Government response to COVID.
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Ford inks Argentina lithium supply deal with Lake Resources
Mining News Pro - Ford Motor Co said on Monday it has signed a preliminary deal to buy lithium from a Lake Resources NL facility in Argentina, marking the first time the automaker has publicly announced where it will procure the electric vehicle battery metal.
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Nighthawk Gold boosts Indin Lake open pit indicated resources by 121%
Mining News Pro - Nighthawk Gold has reported a substantial increase in mineral resources at its Indin Lake property located 200 kilometres north of Yellowknife, Northwest Territories, further demonstrating the potential for a future large-scale, higher-grade, open pit project in the district.
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Detour Lake high-grade assays expand resources for Agnico Eagle
Mining News Pro - Agnico Eagle Mines is well on its way to growing open pit resources at its Detour Lake gold mine 300 km northeast of Timmins, Ontario, with drill results returning high-grade intervals at the future West pit.
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Cameco plans restart of McArthur River mine, Key Lake mill this year
Mining News Pro - Cameco is restarting its McArthur River mine and Key Lake mill in Saskatchewan this year, marking a slow easing of the company’s supply discipline as the uranium market continues to improve.
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Enduro earns 100% of Newmont Lake in BC’s Golden Triangle
Mining News Pro - Enduro Metals has completed the option requirements to earn a 100% interest in the Newmont Lake copper-gold project in British Columbia’s Golden Triangle. The property is located between the former Eskay Creek gold mine and the Galore Creek copper-gold project.
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