McEwen Receives Environmental Approval for El Gallo Mine in Mexico
Sunrise at El Gallo mine site. Credit: McEwen McEwen’s (NYSE, TSX: MUX) El Gallo project in Sinaloa, Mexico, has passed a key permitting milestone after the federal government approved an extension to the mine’s environmental impact assessment. This approval is “a critical step” that will allow the company to begin Phase 1 mill construction, McEwen […]
Westgold to Separate Non-Core Assets and Initiate Australian IPO
Westgold Resources (ASX, TSX: WGX) plans to demerge by spinning out its non-core gold exploration assets in the Murchison region of Western Australia and launch an initial public offering on the ASX for their holding company, to be named Valiant Gold. A demerger allows the company to focus on its larger and higher-grade operating assets […]
First Phosphate Closes Follow-on Tranche of Oversubscribed Private Placement
First Phosphate Closes Third Tranche of Oversubscribed Private Placement THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATE Saguenay, Quebec – December 15, 2025 – First Phosphate Corp. (“First Phosphate” or the “Company”) (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) is pleased to announce that, on December 12, 2025, it closed the third tranche of […]
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 […]