Tag: Gold

An update for Perseus Mining‘s (ASX: PRU; TSX: PRU) West African operations has increased resources and reserves by 6% at three of its gold mines.

Victoria Gold (TSXV: GCX) reported on Monday that its Eagle gold mine in the Yukon has resumed operations, having weathered the impacts of wildfire activity in the Canadian territory with the help of the Yukon Wildland Fire Management team.

New Found Gold (TSXV: NFG; NYSE-A: NFGC) is considering taking its Queensway project in Newfoundland and Labrador into early production using the nearby gold processing facility held by Maritime Resources (TSXV: MAE).

Chaarat Gold Holdings (LSE: CGH), the company that once tried buying Centerra’s Kumtor mine in the Kyrgyz Republic, revealed on Friday that it’s considering the sale of its only operating mine, Kapan, in Armenia.

Barrick Gold (TSX: ABX; NYSE: GOLD) plans to restart operations at the Porgera gold mine in Papua New Guinea (PNG) later this year, according to CEO Mark Bristow, while an Indigenous group alleges its rights are being ignored in the mine restart process.

Hochschild Mining (LSE: HOC) shares jumped 17% in London after the company announced the approval of a modified Environmental Impact Assessment for its flagship Inmaculada gold-silver mine in southern Peru.

Initial drill results from Founders Metals‘ (TSXV: FDR) Antino project in southeastern Suriname have confirmed the presence of high-grade gold mineralization, sending the junior’s stock up by 8.5% this morning.

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.