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McEwen raises $22 million for Stock East and West gold exploration

After paying agents fees, McEwen expects to net C$28.5 million. The Fox gold complex covers 70 sq. km. along 18 km of the Destor-Porcupine fault. It includes the 2,000 tonne per day Black Fox mill and the Black Fox mine to the east. The measured and...

Mining People: Nations Royalty, Wesdome, American Eagle Gold, Getchell Gold, Moonbound, Scorpio Gold

Board changes: American Eagle Gold named Gordon Stothart to its board. Calibre Mining has a new board member; she is Omaya Elguindi. Getchell Gold appointed Michael Hobart to the board. Keiko Hattori was added to the board of Japan Gold. Laramide Resources nominated John Mays for a seat on...

Newmont reopens Argentina’s Cerro negro gold mine

Provincial suppliers and services chamber Capromisa had voiced their concerns about the effects a prolonged suspension would have on small and medium-sized enterprises (SMEs) and service providers. Capromisa asked the authorities to expedite the investigation into the deaths and accelerate the administrative processes to allow...

Gold price drops to week low on hawkish Fed, US data

The decline comes days after the spot price hit aΒ record highΒ of $2,449.89 on optimism over the Federal Reserve’s monetary policy. Making bullion less attractive, US business activity accelerated to its highest level in over two years in May, suggesting an uptick in economic growth during...

Equinox pours first gold at Greenstone mine in Ontario

Equinox is targeting 90% of the 27,000 tonne-per-day plant capacity by the end of 2024. It has also increased mining rates ahead of first pour and stockpiled 1.5 million tonnes of stockpiled ore by the end of first quarter. Production at Greenstone in 2025 is...

Kenorland stock surges as Centerra Gold takes 9.9% stake

Centerra made the investment through a private placement arranged by Kenorland, under which it plans to issue approximately 8.3 million flow-through common shares to national, Quebec- and Manitoba-based subscribers at different prices. Total proceeds to the company is estimated at C$9.86 million, based on an...