New Gold shares drop on Q1 financial results
Company reported an adjusted loss for Q1 at $18 million, or 3 cents per share, impacted by closure of the Rainy River mine.
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Alderon defaults on Sprott loan, loses Kami project
Company said it was left with limited options after Tunghsu Group withdrew its investment.
Fears rise for illegal South African miners hiding underground in virus lockdown
At least 100 illegal gold miners in South Africa are hiding underground, according to industry sources.
World’s deepest gold mines on a ‘cliff’ as virus cuts output
The pandemic jeopardizes the future of SA's 134-year-old industry that once employed more than half a million workers on the world’s biggest gold field.
Russian metals and mining firms reduce investment
Alrosa may review its 2020 production plan from the current 34.2 million carats as the pandemic hits its sales.
Vale mulling offers for New Caledonia nickel assets
The nickel operations, the world's largest, have been on the block since December.
Los Andes gets drill approval for Vizcachitas
Vizcachitas is one of the largest copper deposits in the Americas not controlled by big companies.
GoldON allowed to drill at West Madsen project
The Victoria-based company plans to start a campaign soon, as the Ontario government deemed mining and exploration an essential business able to continue working during the covid-19 pandemic.
Condor Gold lands enviro permit for Mestiza pit
Mestiza is one of two feeder pits to La India gold project. Once both in operation, the main deposit’s gold production will jump by 50% to 120,000 ounces a year.
