Canadian Monarch Gold sold its Fayolle project in western Quebec to IAMGOLD Corporation for $11.5 million in cash and stock transactions. IAMGOLD will issue $9.7 million in common stock to Monarch and pay $300,000 in cash after the transfer of assets. IAMGOLD is limited to providing $1.5 million in cash to Monarch 90 days after […]

As the Ecuadorian government eased restrictions related to the new coronavirus to maintain a weak economy, Lundin Gold has resumed operations in the country’s northern gold and silver mines. Currently, Lundin has shipped all concentrates and ores stored on the site since the operation was suspended on March 22.

–The Impala platinum mine and manufacturing plant in Rustenberg, South Africa. A mining network report on May 19 said that the latest quarterly report of the World Platinum Investment Commission (WPIC) showed that although the coronavirus  epidemic had an impact on the platinum market (including price, demand and supply), it began in the first quarter […]

Global mining outlook is worrying. The new corona virus had a major impact on the mining market. S & P Global Market Intelligence research the outlook for mining will be bleak for the rest of the year. S & P analyst Christopher Galbraith predicted at a recent online video conference that the global nonferrous metal […]

The alliance formed by Barrick and the Japanese Gold Company launched Japan ’s joint exploration program, which aims to explore the country ’s gold mining potential. Currently, exploration geologists and field assistants have arrived on Kyushu Island. Before starting work, they need to be isolated for 14 days. The plan is expected to be completed […]

Midland Exploration (TSXV: MD) has begun its first exploration campaign on the Gaudet gold project in Quebec, consisting of a high-resolution aeromagnetic survey totalling 1,200 kilometres, as well as an induced polarization survey on its Jeremie project.

Australia ’s Fortescue Metals Group (FMG) almost doubled its cash inventory in the third quarter due to higher prices and higher quality products that increased its iron ore prices. FMG has increased the quality of ore in its shipments by adding West Pilbara Fines products. With the launch of the Eliwana project next year and […]

The Kamoa-Kakula Copper Project is a joint venture between Ivanhoe Mines, Zijin MiningGroup, Crystal River Global Limited and the DRC government. All figures in the NI 43-101technical report are on a 100%-project basis unless otherwise stated

Teranga Gold reports that the company ’s production in the first quarter of 2020 increased by 27% to 91,312 ounces, mainly because Burkina Faso ’s Wahgnion business performed strongly. The improvement in production in the first quarter also resulted in a substantial increase in the company’s revenue. The consolidated net profit attributable to shareholders reached […]

Endeavor Mining record cash flow in the first quarter Gold miner Endeavor Mining said that the company’s start this year is gratifying, production and costs are in line with the annual guidance level, and the new crown epidemic has not had a major impact on operations. In the first quarter of this year, Endeavor’s gold […]