Two Red Lake hopefuls’ shares crater on brewing Barrick beef
Dixie Gold and Red Lake Gold named parties in a statement of claim for $92 million for a cancelled exploration earn-in option on each of the companies’ respective exploration projects.
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Gold price sinks to half-year low amid growing recession fears
The dollar surged to its highest in about 20 years as investors, worried about a potential recession, retreated to the haven asset.
SilverCrest makes first pour at Las Chispas mine in Mexico
The first pour consisted of 312 kg of doré with approximately 9,200 oz. of silver and 100 oz. of gold.
Monarch Mining feeds first ore to Beacon mill in Quebec
In an effort to restart the operation, the company has been mining ore at Beaufor over the past few months.
Newmont hands $70 million to Peñasquito mine workers
The uncapped profit-sharing bonus of up to 10% supports the continued operation of Peñasquito, Newmont said.
Earth’s mineral diversity 75% greater than previously thought
Two papers published in American Mineralogist and sponsored in part by NASA help reconstruct the history of life on earth and guide the search for new minerals and ore deposits.
Hecla Mining acquires Alexco Resource
Hecla Mining will buy all shares of Canadian Alexco Resource it doesn't already own, at 47 cents each share.
Australian gold miner Genesis in merger talks with rival St Barbara
A potential combination would give Genesis control of St Barbara's prized Gwalia gold mine in Leonora.
Barrick Gold’s Loulo-Gounkoto complex on track to meet production guidance
Loulo-Gounkoto’s 2022 production guidance has been set at 510,000 - 560,000 ounces of gold.
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