Caldas Gold shares surge on $90 million financing
The company plans to raise more funds for the expansion of its Marmato project in Colombia.
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Nomad grows royalty portfolio with Coral acquisition
Nomad has also entered into an agreement to acquire a 0.5% to 3% NSR on the Moss gold mine in Arizona.
De Beers cuts diamond prices after covid-19 curbs demand
The world’s No. 1 producer is cutting prices for larger stones by almost 10% starting this week.
Artemis closes Blackwater project purchase
The proposed mine has estimated resources of 1.4 moz gold and 8.9 moz silver.
Northern Dynasty stock craters on Trump block report, environment demand
In an unexpected U-turn, the US Army Corps of Engineers has asked the company to craft a new mitigation plan for the controversial copper-gold mine in Alaska.
Rio Tinto enters option for ALX’s Falcon project
Rio may acquire up to an 80% interest in the project in northern Saskatchewan by incurring a total of $12 million in exploration expenditures over 6 years.
Bolivia’s largest mine suspends operations again due to pandemic
The San Cristóbal mine had previously suspended operations in March before resuming production in May.
Elon Musk is going to have a hard time finding clean nickel
Recent accidents suggest the industry will struggle to meet Musk’s request for a large quantity of the metal produced in an “environmentally sensitive” way.
Bullion funds strike it rich delivering gold to London vaults
The ETF business has greatly benefited from the 2020 gold fever, with gold holdings now exceeding every central bank except the Federal Reserve.