Global gold output to contract by 1.7% – report
According to GlobalData, all the world’s top gold producers are expected to experience a reduction in output during 2020.
Northern Miner Staff
Posts by Northern Miner Staff:
TomaGold sells 25% interest in Monster Lake to Iamgold
Under the sales agreement, Iamgold will pay TomaGold C$500,000 in cash and C$8 million in shares.
CIBC issues new forecasts for gold and silver prices
Bank has raised its gold price forecasts to $2,300 per oz. in 2021, $2,200 per oz. in 2022, $2,100 per oz. in 2023 and $2,000 per oz. in 2024.
Nearly half of TSX30 ranking are mining companies
Fourteen of the Toronto Stock Exchange’s 30 top performers on the TSX30 2020 ranking are mining companies.
Central Asia Metals reports tailings leak at Macedonia
Miner has reported that tailings from its Sasa zinc-lead mine have leaked into a local river in northeastern Macedonia. Nobody has been harmed, company stated.
Roxgold reports drill results in Burkina Faso
The company announced the results from a new exploration program conducted at the Boussoura project, located in the southern part of the country.
Wolfden Resources releases Pickett Mountain PEA
The early stage study outlines a mine life of 10.7 years producing a total of 600.2 million lb. of payable zinc, 230.1 million lb. payable lead, 78.3 million lb. payable copper, 8.1 million oz. payable silver and 38,324 oz. gold at all-in sustaining costs of $0.38 per lb. zinc.
MAG Silver to acquire Deer Trail project in Utah
The carbonate replacement deposit was intermittently mined for high-grade silver, gold, lead, zinc and copper sulphides until 1985, when the mine closed leaving faces in massive sulphide.
Mining is at the forefront of Ontario’s recovery: Minister
Six months is an eternity in politics, but that’s how long it’s been since the Ontario government made a series of announcements […]
GoGold advances flagship Los Ricos project
Company completed an initial resource on Los Ricos South late last month.
Uranium industry revival radiates from Southwest
Arizona, Colorado, New Mexico, Texas and Utah are seeing the release of new uranium resources, permit fast-tracking, and production and processing starts.