Centerra Acquires 9.9% Stake in Liberty Gold to Strengthen Idaho Investment
A piezometer used to measure underground water pressure installed in a brownfields pit as part of Liberty’s Black Pine permitting work. Credit: Henry Lazenby Centerra Gold (TSX: CG, NYSE: CGAU) agreed to buy 9.9% of Liberty Gold (TSX: LGD) for about C$28 million to add a stake in a junior miner that’s focused on developing […]
i-80 Gold Launches Underground Development at Archimedes
The Archimedes underground project is part of the Ruby Hill Complex in Nevada. Credit: i-80 Gold Corp. i-80 Gold (TSX: IAU) (NYSE-A: IAUX) surged to a six-month high on Friday after the company announced the start of construction at its Archimedes project as planned, with expected production in the fourth quarter of 2026. In a press […]
Tether Enhances Gold Strategy with Increased Investment in Canadian Company
Stock image. Stablecoin issuer Tether Holdings SA is expanding its gold strategy by adding to its stake in a Canadian gold royalty company. Tether plans to buy approximately $100 million in additional shares of Elemental Altus Royalties Corp., a firm that specializes in buying revenue streams from mining companies, according to a statement. Tether had […]
Gold Stocks Surge Past 2011 Record High as Investors Flock to Safe Havens
Stock image. Trade anxiety, geopolitics and threats to the US central bank’s independence have driven investors to the safety of gold, sparking a massive rally in miners of the precious metal. The NYSE Arca Gold Miners Index hit an all-time high and is on track to end the session at a record on Friday. It’s […]
Arizona Sonoran Stock Rises on Royalty Adjustment and Backing
Arizona Sonoran’s Cactus project is steadily advancing towards a construction decision. Credit: Henry Lazenby. Arizona Sonoran Copper (TSX: ASCU) is pressing its Cactus copper project in Arizona toward an updated resource and prefeasibility study (PFS) by year-end while cutting project royalties and shoring up funding. Given the company’s development momentum, shares in the Casa Grande, […]
World Gold Council Introduces Digital Model for Gold Ownership and Trading
Stock image. The World Gold Council (WGC), in partnership with law firm Linklaters and Hilltop Walk Consulting, has released a white paper proposing a new framework for how gold is owned, traded, and used in financial markets. At the core of the proposal are Pooled Gold Interests (PGIs), which would allow investors to hold fractional, […]
Gold’s Historic Rally: Who’s Driving It Forward?
Gold prices hit a record $3,532 per ounce on Tuesday, extending a rally that has boosted them more than 90% since late 2022. Demand is expected to remain robust for some time due to a mix of factors. Central bank purchases and strong investment demand, visible in inflows into physically backed gold exchange-traded funds, are […]
British Columbia Approves Expansion of Mt. Polley Copper-Gold Pit
British Columbia has approved Imperial Metals’ (TSX: III) plan to deepen and extend the Springer pit at the Mount Polley copper-gold mine, adding about eight more years. The decision comes after an August court ruling that upheld key permits challenged by an area First Nation. The consent order from Environment and Parks Minister Tamara Davidson, […]
Scorpio Gold Secures $5.8 Million Investment from Beaty and Sprott
Goldwedge mill facility. Credit: Scorpio Gold Nevada-focused Scorpio Gold (TSXV: SGN) says it has received an C$8 million ($5.8m) investment from Canadian mining entrepreneurs Ross Beaty and Eric Sprott to advance its flagship Manhattan property. The investment comprises the issuance of 32 million common shares priced at a discount of C$0.25 apiece. Beaty, who founded Pan […]
Gold Breakout Approaches – MINING.COM
Stock image. A major gold breakout nears with big implications for investor psychology. Gold has spent recent months consolidating high, winding tighter in a bullish technical pattern that mostly resolves to the upside. Gold’s resulting new record highs will likely fuel sizable momentum-chasing buying from gold-futures speculators and American stock investors. That will accelerate gold’s […]