Larvotto Enhances Technical Expertise at Hillgrove Antimony-Gold Project
Larvotto Resources (ASX: LRV) has expanded the technical capabilities at its flagship Hillgrove antimony-gold project with the acquisition of a core scanning system to support both exploration and metallurgical development activities. The ECORE system — developed by Elemission Inc. — is an advanced, automated drill core scanner that uses laser ablation and atomic emission spectroscopy […]
ECB Urges Italy to Reevaluate Proposal on Gold Reserves
Stock image. Italy was urged by the European Central Bank to rethink a push to declare its gold reserves the property of its people, a move critics say could open the door to the government selling off bullion. In a legal opinion dated Tuesday, the Governing Council asked Premier Giorgia Meloni’s government to review the […]
Ascot Initiates $107M Placement and Restructures Debt
The Premier gold project mill near Stewart, B.C. Credit: Ascot Resources Ascot Resources (TSXV: AOT.H) is proceeding with a C$150 million ($107 million) private placement as part of ongoing efforts to keep its British Columbia-focused mining business running. On Tuesday, the Vancouver-based miner said a group of brokerages led by Canaccord Genuity and Raymond James […]
Larvotto’s Blockade Investment Boosts Mt Isa Copper Aspirations
Larvotto Resources (ASX: LRV) has secured an exclusive option to acquire the historic Blockade copper mine in northwest Queensland, Australia, from Kilo Copper Pty in a deal the company says could shift its Mt Isa ground from exploration to near-term production. The 152.7-hectare Blockade mining lease, located 41 kilometres east-northeast of Mount Isa, originally supplied […]
Rising Gold Prices Affect Demand in Key Asian Markets
Gold demand was subdued across major Asian markets this week, as high prices curbed retail buying even as India entered its wedding season, while in China, the removal of a tax exemption on gold purchases dented consumer appetite. This week, Indian dealers were offering a discount of up to $18 per ounce over official domestic […]
Montage Purchases African Gold for $170 Million
Ongoing work at the Koné gold project in Côte d’Ivoire. Montage Gold photo. Montage Gold (TSX: MAU) is acquiring Australia’s African Gold (ASX: A1G) in a move that expands the company’s presence in Côte d’Ivoire and adds nearly 1 million oz. of inferred resource to its portfolio. The news sent Montage’s stock to a new […]
Allied Unveils Five New Targets at Ethiopian Gold Project
A view of the Kurmuk gold project area. Credit: Allied Gold. Allied Gold (TSX, NYSE: AAUC) said recent drilling at its Kurmuk property in western Ethiopia has identified at least five new target areas, underpinning plans for a high-volume gold operation. The stock hit an all-time high. Hole TSDD041 in the Tsenge–Hiccup Hill zone cut 16.4 […]
Power One Hits the Jackpot in Historic Uranium Region
Panoramic view from Elliot Lake’s fire tower, overlooking lush forests and the distant horizon under an overcast sky. Stock image. Power One Resources (TSXV: PWRO) announced the first-ever discovery of gold mineralization at its Pecors property, located about 10 km east of Elliot Lake, Ontario. This significant finding broadens the project’s exploration scope, which has historically […]
Eldorado Gold Increases Reserves by 5%
Sign at Lamaque complex. Credit: Eldorado Gold Eldorado Gold (TSX: ELD; NYSE: EGO) says it has increased its mineral reserve base in support of a strong production outlook for the coming years. Shares of the company edged higher. The total reserves, as of the end of September, were estimated at 371.7 million tonnes grading 1.05 grams […]
Endeavour Silver Sells Bolañitos Mine to Guanajuato in $50 Million Transaction
Bolanitos mine in Mexico. Credit: Endeavour Silver Endeavour Silver (NYSE: EXK; TSX: EDR) has agreed to sell its Bolañitos mine to Guanajuato Silver Company (TSXV: GSVR) in a deal worth up to $50 million, as it looks to focus more on its other assets in Mexico. The base consideration will consist of $30 million in cash and […]