Canada-based Trillium Gold Mines has completed the previously announced acquisition of the rights and title to the Panama Lake gold project in the Red Lake Mining District in Ontario from St. Anthony Gold Corp. The Panama Lake gold project is located nearly 80km from Kinross Gold’s Dixie gold project. It was acquired by St. Anthony […]
Firefly Resources has entered into a binding terms sheet with Forrestania Resources to divest its fully-owned Forrestania Gold Project in Western Australia (WA) to the latter. The consideration for the transaction is the issue of shares worth AUD1.25 million in either the initial public offering (IPO) or RTO Entity, a cash payment of AUD 50,000, […]
Krakatoa Resources said that it has started drilling at its 100% owned Rand Gold Project in southern New South Wales, Australia. The current exploration program will focus on an under-explored part of the well-endowed Lachlan Fold Belt on an area spanning 580km2, located nearly 60km NNW of Albury. Mark Major – Krakatoa Resources CEO, commenting […]
Eldorado Gold, in late January 2021, signed a cash and stock deal worth CAD 132 million ($104.1 million) to take full ownership in Canadian junior exploration company QMX Gold by acquiring the 83% stake it previously didn’t own. As per the terms of the transaction, QMX Gold shareholders will receive CAD 0.075 ($0.059) in cash […]
US-based Golden Minerals Company has commenced mining operations at its Rodeo gold project in the Mexican state Durango. The company said that it had started blasting at the open-pit gold operation last week. Golden Minerals Company has drilled initial blastholes on the 1460 bench in an area that has outcropping mill-grade gold mineralization along with […]
Shanta Gold, an East Africa-focused gold producer, has wrapped up its previously announced acquisition of Acacia Exploration (Kenya) from three subsidiaries of Barrick Gold. The deal gives Shanta Gold ownership of Acacia Exploration’s main asset, which is a 100% interest in licences that include an existing high-grade NI 43-101 compliant resource in West Kenya. The […]
Pure Gold Mining said that the Ontario Ministry of the Environment, Conservation and Parks (MECP) has approved and granted an amended environmental compliance approval (ECA) for air and noise emissions at its PureGold Red Lake Mine in Red Lake, Ontario. The Canadian gold miner said that the modified ECA defines operating conditions concerning air and […]
SSR Mining, a Canadian precious metals producer, has signed a $1.72 billion all-stock deal to acquire Alacer Gold, a US-based low-cost intermediate gold producer, in a move to create a diversified gold miner with operating assets across four jurisdictions. Headquartered in Colorado, Alacer Gold primarily focused on operating its Çöpler Gold Mine in Turkey. The […]
Zijin Mining acquisition of Continental Gold : Chinese miner Zijin Mining Group has signed an all-cash deal worth $1.05 billion to acquire Continental Gold, which owns 100% of the Buritica gold project in Colombia. The Buritica gold mine is being developed by the Canadian gold miner in the Antioquia Department. Scheduled to be brought into […]
Canadian gold discovery company Liberty Gold and its joint venture partner Teck Madencilik Sanayi Ticaret, a subsidiary of Teck Resources, have agreed to sell the Halilaga copper-gold porphyry deposit (Halilaga project) in Biga Province, northwest Turkey, to Turkish conglomerate Cengiz for $55 million, as per the latest mining acquisition news. While the Teck Resources subsidiary […]