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Osisko Mining raises C$150m in private placement

By: Creamer Media Reporter      2nd June 2020 TSX-listed junior Osisko Mining has raised C$150-million in a private placement, the proceeds of which will be used to advance its projects in Quebec. The company entered into an agreement with Canaccord Genuity and Eight Capital to act as colead underwriters, on behalf of a syndicate of... 

Hummingbird joins World Gold Council, adopts responsible mining principles

By: Simone Liedtke     2nd June 2020 Aim-listed Hummingbird Resources has joined the World Gold Council, a market development organisation for the gold industry, and will, as a result, adopt the council’s Responsible Gold Mining Principles. Hummingbird CEO Dan Betts says the principles underpin the miner’s commitment as a... 

Gold M&A back on the agenda as coronavirus restrictions ease

By: Reuters     1st June 2020 A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months, clearing the way for prospective buyers, industry executives and fund managers said. Deals this year have been hobbled by lockdown measures to... 

Ecuador explorer Solaris Gold raises C$20m

By: Creamer Media Reporter      1st June 2020 Exploration company Solaris Gold, which owns a property in Ecuador, has completed a non-brokered private placement financing raising gross proceeds of C$20-million. Solaris issued 25-million units at C$0.80 an unit, with each unit consisting of one common share and one common share purchase... 

Katoro to consider potential funding offers

By: Tasneem Bulbulia     29th May 2020 Aim-listed Katoro Gold notes that the recent positive announcement by the Blyvoor joint venture (JV) project’s gold tailing scoping study has resulted in a significant increase in interest from potential funders who may provide the necessary financing to support the construction and development... 

juwi to construct wind and solar farm in regional Western Australia

By: Creamer Media Reporter      29th May 2020 The hybrid project consists of a renewable energy hub which will include a 4 megawatt solar farm combined with two 4.5 megawatt wind turbines integrated with a lithium ion battery system and gas generators. juwi Renewable Energy Pty Ltd, the Brisbane subsidiary of German renewable energy... 

PEA illustrates viability of Kiena restart in Val d’Or

By: Creamer Media Reporter      28th May 2020 The preliminary economic assessment (PEA) for the Kiena project shows that a restart of the mining complex in Val d’Or, Quebec, is viable in a “very short-term horizon”. The study, released by TSX-listed Wesdome Gold on Wednesday, pointed to an aftertax internal rate of return of 102% and an... 

Yamana completes royalty sale to newly listed Nomad for 13% ownership

By: Marleny Arnoldi     28th May 2020 TSX- and NYSE-listed Yamana Gold has completed the sale of a portfolio of royalty interests and a contingent payment agreement to Nomad Royalty Company for $65-million. Nomad, formerly Guerrero Ventures, will start trading on the TSX on May 29.  

Scotiabank takes C$232m hit as it shuts historic gold unit

By: Bloomberg     27th May 2020 Bank of Nova Scotia has set aside C$232-million to cover the cost of winding down its historic precious-metals unit as well as a potential settlement of US investigations into the unit’s trading activities. The charges this year, which the bank disclosed in its quarterly earnings report on... 

Second stage of Kefi’s drilling programme in Saudi Arabia completed

By: Simone Liedtke     27th May 2020 Gold and Minerals (G&M), Kefi Minerals’ 34%-owned joint venture company, has now completed Stage 2 of the Hawiah diamond drilling programme, in Saudi Arabia, thereby increasing the number of completed drill holes to 69 since October 2019, when the first drill hole was completed. Copper, zinc,... 

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