Tag: Gold

The government of a Canadian territory is seeking to place Victoria Gold Corp. into receivership after a major landslide and cyanide spill at the company’s flagship bullion mine earlier this summer.

A First Nation group has asked the Yukon government to initiate steps to remove the management of Victoria Gold Corp, citing failure of the top executives to contain the environmental damage caused by the company’s Eagle gold mine.

The Yukon government is taking over more tasks in the cleanup effort at Victoria Gold’s (TSXV: VGCX) Eagle mine, as the company has missed more conditions of the remediation plan.

The danger of cyanide contamination following the accident at Victoria Gold’s (TSXV: GCX) Eagle mine in Yukon might be fading after the latest test results show low levels of the chemical in water bodies.

Africa-focused Montage Gold (TSX-V: MAU) has secured the final mining permit for its flagship Koné project in Côte d’Ivoire, which allows it to begin mine construction and is valid for 20 years.

Victoria Gold (TSXV: GCX) faces charges after a heap leach pad (HLP) accident this week at its Eagle mine in Yukon caused a landslide and potential cyanide leak, the second landslide this year, the government said Friday.

South African gold miner AngloGold Ashanti (NYSE: AU; ASX: AGG; JSE: ANG) plans to spend 1.1 billion reais (US$198 million) in Brazil this year, mainly on exploration.

Contango Ore (NYSE-A: CTGO) said on Tuesday that the Manh Choh mine in Alaska will pour its first gold on July 8 at the Fort Knox mill.

Adventus Mining (TSXV: ADZN) and Salazar Resources (TSXV: SRL) have scored a win in Ecuador after the country’s environment ministry granted the partners a water use permit for their Curipamba-El Domo copper-gold project.

U.S. Gold (NASDAQ: USAU) has hit the next permitting milestone to develop its CK project in Wyoming, which is expected to produce 108,500 oz. of gold equivalent annually over an estimated 10-year life.

Cascadia Minerals’ (TSXV: CAM) shares soared on Monday after the junior miner announced a $3.2 million private placement led by Michael Gentile, who plans to raise his stake to 9.99% as one of the Yukon explorer’s largest shareholders.

Endeavour Mining (TSX, LSE: EDV) has begun wet commissioning of its 80%-owned and newly built Lafigué gold mine in Côte d’Ivoire, with production slated to begin in late June.