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If successful, talks will see him move to develop the Nimba deposit on Guinea’s border with Liberia, which has sat undeveloped for years.

The Canadian miner said it wasn’t aware of any "material change" that would account for the sharp price rise in its stock on Thursday and into early trading on Friday.

Units of the ETF began trading today on the Toronto Stock Exchange under the ticker symbol HURA.

Shares of Iamgold were halted in Toronto after climbing as much as 11%, valuing the company at about C$1.7 billion ($1.2 billion).

The BC mining sector posted positive results for the second consecutive year.

Zimbabwe’s biggest gold producer sued the country’s central bank for $132m because it has been paying for the metal in a local quasi-currency rather than US dollars.

Recent discoveries in the area included IAMGOLD’s 10 million oz and growing Cote Gold project and Pan American Silver’s 3 million oz Juby project.

Lithium Americas posted a first-quarter net loss of $4.5 million, compared with $4.6 million in the year-ago period.

The alliance comprises nine gold and copper-gold major properties totalling 7,149 claims with a surface area of 3,277 sq. km.