According to the Vancouver-based company, gold mineralization at the drilling target remains open in all directions.
Gold Mining News
Canadian miner will elect 11 nominees of Waterton Global Resource Management, its second largest shareholder, as part of the settlement that ends a long-dragged out battle over control of Hudbay.
Barrick's South Arturo loses top spot, two other Barrick mines dropped from top 10 ranking.
The proliferation of index funds, sluggish gold price growth and a shift into cannabis and cryptocurrencies by risk investors has left junior miners short of funding.
Quarterly revenue was C$67.9m compared to C$33million in the same quarter a year earlier.
Drilling east of the South Mine Complex has returned 118.8 g/t gold over a 2 metre core length.
Continued gold buying from central banks and the wedding season in India helped to boost gold demand in Q1.
Ivanhoe Mines has appointed former Kinross CFO Tony Giardini as its new president.
Capacity will be tripled to 2,400 t/d from 800 t/d.
The company can earn up to an 80% interest in the property.
One of the largest gold mining companies in the world has taken a shine to Chakana Copper and its Soledad project in Peru.
The industry's buyout frenzy was sparked earlier this year when Barrick Gold Corp and Newmont bought Randgold Resources and Goldcorp, respectively.
The Victoria-based company announced it wants to earn an initial 60% interest and a subsequent 100% interest in the West Madsen gold property.
Rebeico sits on Mexico’s famed Sierra Madre Gold belt, credited with production of over 80 million ounces of gold and over 4.5 billion ounces of silver.
Haywood Securities has initiated coverage of Minera Alamos with a buy rating and 12-month target price of C$0.40 per share.
The Knife Lake property was extensively explored from the late 1960s to the 1990s, with the last documented work program completed in 2001.
The Argyle deposit has indicated resources of 543,000 tonnes grading 2.19 g/t gold for 38,300 oz.
The standard inverse relationship between gold and the US dollar has not been a perfect one in recent months or years.
A flood of stock promotion newsletters began recommending Northern Dynasty, one describing it as "Trump’s Gold."
SocGen said this month it would cut 1,600 jobs to boost profits after poor performance last year and exit over-the-counter commodities trading.
Scott Caldwell has agreed to stay as president and CEO of the Canadian gold miner while the search is underway.
The Vancouver-based miner said the Nechako Au-Ag-Zn-Pb-As dispersal train is similar in size and strength to known trains from some of Canada's largest gold deposits.
Total gold production for the three months ended March 31 came in at 623,124 ounces compared with 575,791 ounces a year ago.
Shares of Premier Gold Mines went up 7% at Monday's market open on news of a high-grade discovery at the McCoy-Cove project in Nevada.
Funds allowed Norgold to both extend Lefa mine’s life and improve efficiencies at the operation.