Mining - Precious Metals Archives - Page 5 of 23

Fidelity Minerals – Peru Focused Project Generator with a Portfolio of Gold & Copper Projects

December 14, 2020 Chris Thompson

Fidelity Minerals is a junior exploration company engaged in the acquisition, exploration, and development of resource properties with a focus on Peru. The 3 main, short-term, corporate goals include: (1) develop existing gold & copper projects; (2) expand project portfolio with accretive acquisitions; and, (3) define at least 1 million-ounce gold resource within 3 years. [more]

Endeavour to Buy Teranga Gold for $2.4B

November 18, 2020 Chris Thompson

London-based Endeavour Mining plans to buy Teranga Gold in an all-stock deal worth about $2.44B. With 12.8M ounces of gold resources, the transaction values Teranga at over US$191 per resource ounce. Egyptian billionaire Naguib Sawiris injects $200M million into the deal. [more]

Yamana to Acquire Monarch Gold for C$200M

November 8, 2020 Chris Thompson

The consideration to be paid by Yamana consists of approximately C$60.8M in cash, C$91.2M in Yamana shares, and a newly-formed spin-out company valued at C$47.5M. With over 3 million ounces of gold resources, the transaction values Monarch at over US$43 per resource ounce or over US$86 per reserve ounce. [more]

Endurance Gold – Site Visit Report on the Reliance Gold Project in B.C.

November 6, 2020 Chris Thompson

Historic drilling, the summer program chip sampling & surface grab sampling results, and airborne survey illustrate the potential for a mineralized gold system over 2.5 km long and a vertical extent of at least 400 m, and is open along strike in both directions. Recent channel sample highlights include 5.89 g/t Au over 31.5 m and 6.29 g/t Au over 13.4 m. [more]

Video of the Day: Melkior Announces $110M Option/JV Agreement with Kirkland Lake Gold

September 29, 2020 Chris Thompson

Melkior has granted Kirkland Lake Gold the right to earn-in up to a 75% interest in the Carscallen Gold Project by spending C$10M in exploration over the next 5 years and then by entering into a Joint Venture agreement with Melkior and spending at least C$100M more in exploration expenditures. [more]

Analyst Articles

GoldSpot’s Quarterly Revenue Up 135% Year-over-Year

September 1, 2020 Israel Pinheiro

As the mining sector adheres to machine learning as a new exploration tool, GoldSpot is becoming a leader in the segment. New contracts and investment profit taking increased revenue and net income in Q2/2020. [more]

Video-of-the-Day: Spearmint Resources Inc. (CNSX:SPMT) Starts Work at Goose Gold Project in Newfoundland

August 30, 2020 Chris Thompson

Spearmint Resources engaged with Ridgeline Exploration Services to start a work program on its Goose gold project, located within the central Newfoundland gold belt, near New Found Gold’s high-grade Queensway Gold project. [more]

Gold BAANG Stocks Outperform Tech FAANG Stocks Year-to-Date

August 25, 2020 Chris Thompson

So far this year, a basket of Gold BAANG stocks (Barrick, AngloGold, Agnico Eagle, Franco-Nevada, and Gold Fields) is up 58% versus the Tech FAANG stocks (Facebook, Amazon, Apple, Netflix, and Google/Alphabet), up 52%. [more]

Maritime Resources Closes $8.7M Bought Deal Financing

August 22, 2020 Chris Thompson

The new funds will be used for the continued optimization and de-risking, and allows for the expansion of exploration programs. Existing 1M oz Au resource and PEA on the Hammerdown & Orion projects. [more]

Video-of-the-Day: Great Atlantic Resources Corp. (TSXV:GR) Receives Phase 2 Drill Permit

August 18, 2020 Chris Thompson

The 2020 drill program will test east of the Jaclyn North Zone, along strike and in areas of high-grade quartz boulders, and also include in-fill drilling of the Jaclyn Main Zone. The company plans to build on its 2018 NI 43-101 mineral resource estimate for the Jacelyn Main Zone containing a capped Inferred Resource of 106,400 ounces of gold. [more]