Tag: Gold

Mongolia-based Steppe Gold (TSX: STGO) has just announced a US$150-million funding deal to fully finance the Phase 2 expansion of its flagship project ATO gold mine in Mongolia. With expected annual production of 100,000 oz. gold equivalent by 2025 for 12 years, the company says it’s ready to unlock the full potential of its ATO mine and rapidly expand its presence in Mongolia.

First Majestic Silver (TSX: FR; NYSE: AG) has delivered positive drilling results from its San Dimas and Santa Elena mines in Mexico and the Jerritt Canyon project in Nevada. In the first half of 2023, the company had up to 19 active drill rigs and completed a total of 78,973 metres of drilling across its portfolio of mines and projects.

Ecuador-focused SolGold (LSE: SOLG) said on Monday it had been granted a 25-year licence renewal for its flagship Cascabel copper-gold project in the Andean country.

U.S. Gold (NASDAQ: USAU) has been granted a key permit that allows the company to proceed with construction at its proposed CK gold-copper-silver mine in Wyoming.

Steppe Gold (TSX: STGO; US-OTC: STPGF) has signed a binding term sheet to provide up to US$150 million in financing to fully fund a second-phase expansion at its ATO (Altan Tsagaan Ovoo) gold mine in Dornod, northeast Mongolia.

Australia’s Regis Resources (ASX: RRL) on Friday announced the official opening of the Balkau decline at its Garden Well South underground mine in Western Australia.

Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our data provider Mining Intelligence.

AngloGold Ashanti (NYSE: AU; JSE: ANG) announced on Monday it would build one of the largest renewable energy projects in Australia’s natural resource sector, which will supply power its Tropicana gold mine.

Gold giant Newmont (NYSE: NEM; TSX: NGT) has declared force majeure on deliveries of some metal products from its Peñasquito mine in Mexico, as a strike drags on.

Hummingbird Resources (AIM: HUM) said on Friday it had poured first gold at the Kouroussa mine in Guinea on Thursday, ahead of schedule and on budget.

Evolution Mining (ASX: EVN), Australia’s third-biggest gold miner, announced on Monday that is going ahead with two major expansions plans at its Mungari and Ernest Henry operations.

Nickel Creek Platinum (TSX: NCP; US-OTC: NCPCF) says a new resource estimate increases metal by almost a third at its Nickel Shaw project in southwest Yukon.