Northern Dynasty Faces Continued Losses While Pursuing Court Resolution on Pebble Project Veto
Drill at Pebble project site. Credit: Northern Dynasty Minerals Ltd. Northern Dynasty Minerals (TSX: NDM; NYSE-A: NAK) says it has filed a motion in Alaska’s federal district court seeking a summary judgment briefing schedule with respect to its pending litigation over the veto of its flagship mine project during the Biden Administration. For more than two decades, […]
Federal Approval Granted for Spring Valley Gold Project in Nevada
Spring Valley gold project in Nevada. Image from Solidus Resources. Waterton Mining announced this week that its subsidiary Solidus Resources has received the record of decision (ROD) from the US Bureau of Land Management (BLM) approving its Spring Valley project in Nevada. The BLM decision marks the first US federal approval of a domestic gold mine […]
BHP and Lundin Partnership Prolongs Operational Life of Argentine Copper Mine
Vicuña Corp, a joint venture of Australia’s BHP and Canada’s Lundin Mining, on Thursday said it was extending the useful life of its Josemaria copper, gold and silver project in Argentina by six years. It attributed the longer useful life of the mine, now 25 years instead of 19 years previously, to higher levels of […]
Aura Minerals Launches Its Initial Listing in the U.S.
Aura Minerals (TSX: ORA) (NASDAQ: AUGO) had a mixed US listing debut on Wednesday, with the stock trading within a close range of $23.50 and $24.80 on the NASDAQ, having opened the session at $24.50. Earlier this month, the Florida-headquartered copper-gold miner announced plans for an initial public offering in the US. Its SEC filing […]
Newmont Secures $470M by Selling Stakes in Greatland and Discovery Silver
Newmont (NYSE, ASX: NEM, TSX: NGT) says it has netted around $470 million from selling equity stakes in Greatland Resources (ASX: GGP) and Discovery Silver (TSX: DSV) as part of ongoing efforts to generate cash for its core mining business. In February 2024, the world’s largest gold miner announced plans to divest certain non-core assets, […]
Namib Plans to Invest up to $400 Million to Relaunch Zimbabwe Gold Mines
How mine in Zimbabwe. Credit: Namib Minerals Namib Minerals (NASDAQ: NAMM) is looking to invest between $300-$400 million in order to bring two of its mothballed gold mines in southern Zimbabwe back to production, according to media reports. In a statement to Reuters, chief executive Ibrahima Tall said the group plans to restart the Mazowe and […]
Excellon Hits Two-Year Peak Following Acquisition in Peru
Excellon Resources has acquired the past-producing Mallay mine in Peru. Credit: Excellon Resources Excellon Resources’ (TSXV: EXN) shares jumped to their highest level in two years on Friday amid the company’s preparations to restart production next year at the Mallay silver-lead-zinc mine in Peru. The miner’s $1.56 million acquisition of Mallay and the nearby Tres […]
SCP Observes West African Explorers Approaching ‘Sweet Spot’
A November 2023 view of the core yard area at the Afema site. Credit: Turaco Gold. New West African gold explorers are advancing projects as they aim to capitalize on high prices and growing interest from mid-tier producers, SCP Resource Finance says in a new report. Published Friday, the report spotlights Turaco Gold (ASX: TCG) […]
Orezone Pursues $50 Million Capital Raise Through Australian IPO
Construction of the Bomboré gold mine as of July 2022. Credit: Orezone Gold Orezone Gold (TSX: ORE) said on Friday it has filed a prospectus with the Australian Securities and Investments Commission (ASIC) for an initial public offering to raise A$75 million ($50 million). Under the prospectus, the Canadian miner, which operates the Bomboré gold […]
Russian Court Authorizes Seizure of Owner’s Stake in Gold Producer Uzhuralzoloto
A court in the Russian city of Chelyabinsk ruled on Friday that businessman Konstantin Strukov’s majority stake in gold producer Uzhuralzoloto (UGC) should be transferred to the state, UGC’s lawyer told Reuters, adding the company would now decide whether to appeal the decision. Last week, a Russian court said that Russia’s general prosecutor’s office had […]