Equinox Divests Brazilian Operations to CMOC for Over $1 Billion
Equinox Gold’s Aurizona mine in Brazil. Credit: Equinox Gold Equinox Gold (TSX, NYSE-A: EQX) has sold its Brazilian operations to China’s CMOC Group in a deal worth over $1 billion, the Canadian gold miner announced in a press release on Sunday. The assets included in the sale are Equinox’s 100% interest in the Aurizona mine […]
Troilus to Receive Power for Quebec Gold Project
Troilus Mining Corp. landed a deal that could help supply the development-stage firm with the electricity needed to restart a Quebec gold mine, according to a document released by a provincial lawmaker. The Montreal-based company owns the Troilus mine in northern Quebec, which was operated by Inmet Mining Corp. from 1996 until the facility’s closing […]
Illegal Miners Target $4.8 Billion Newmont Gold Site in Peru
AI-generated stock image by Athena. A multi-billion-dollar gold project owned by the world’s biggest bullion producer has been invaded by illegal diggers in northern Peru, according to a top government official. Newmont Corp.’s stalled Minas Conga project in the Cajamarca region “is being partially exploited by illegal mining,” Prime Minister Ernesto Alvarez told reporters Friday. […]
Gold Rises, Silver Surpasses $64 as Traders Eye Fed Rate Direction
Stock image. Gold advanced and silver topped a record above $64 an ounce as traders took comfort in the direction of US interest rates. Bullion gained as much as 1.2% in US trading while Treasury yields and the dollar declined. Silver climbed as much as 4%. Central bank policymakers Wednesday left the door open to […]
Lundin Gold Reports Increased Costs and Steady Production in Ecuador
Fruta del Norte is Ecuador’s first large-scale modern gold mine. Credit: Lundin Gold. Lundin Gold (TSX: LUG) said output at its Fruta del Norte gold mine in southeast Ecuador should remain flat over the next three years while unit costs climb due to increased royalties. Fruta del Norte is expected to produce between 475,000 and […]
Rio2 Secures $241M Agreement for Copper Mine in Peru
The acquisition adds to Rio’s existing Fenix gold project in Chile. Credit: Rio2 Rio2 (TSX: RIO) is expanding its Latin American presence and its metals exposure by acquiring a majority interest in a producing copper mine in Peru in a deal worth $241 million. In a statement on Monday, Rio2 said it will acquire a […]
Gold Rush Propels Thai Trading House to Record Heights
Unprecedented gold prices and a surge in retail sales may push revenue at Thailand’s largest gold trading house to a record 5 trillion baht ($156 billion) this year, according to Hua Seng Heng chief executive officer Tanarat Pasawongse. That amount would be bigger than even the government’s fiscal 2026 spending plan of about 3.8 trillion […]
Silver and Copper Outshine Gold as Preferred Metal Investments Amid Supply Concerns
Stock image. Silver and copper have replaced gold as the hot metal trade heading into 2026, with institutional and retail traders positioning for record rallies. Silver has nearly doubled this year, with most gains occurring in the past two months due to a historic supply squeeze in the benchmark London market amid surging demand from […]
McEwen Enhances High-Grade Gold Zone at Froome Mine
McEwen employees at the company’s Fox complex in Ontario. Credit: McEwen. McEwen (TSX, NYSE: MUX) said new drilling at its Froome mine in northern Ontario boosted the property’s higher-grade gold mineralization by about 45%. Drillhole 25PR-G467 cut 31 metres grading 7.7 grams gold per tonne from 298 metres depth, McEwen said Thursday in a statement. Another hole, […]
Capitan Silver’s Update Increases Contained Metal by Over 120% at Cruz de Plata
Drilling at Capitan’s Cruz de Plata project in Mexico. Credit: Capitan Silver A resource update for Capitan Silver’s (TSXV: CAPT) Cruz de Plata silver-gold project in north-central Mexico’s Durango state lifts contained ounces in the inferred category by more than 120%. The update, which focuses only on the Capitan Hill portion of the project, gives […]