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Candelaria Mining Secures $9 Million to Fund Construction of Pinos Gold Project, Mexico
June 26, 2020
Candelaria Mining Corp has closed a US$9 million medium-term loan facility with Accendo Banco SA to help finance construction of its Pinos project in Mexico. The loan is secured against Candelaria’s assets and will bear an interest rate of 13
Blackrock Gold Resumes Exploration at Its Silver Cloud Project, Nevada
June 26, 2020
Blackrock Gold Corp has resumed exploration at its Silver Cloud project in Nevada after work was halted due to the coronavirus pandemic. The Vancouver-based company reported new assay results from drill hole SBC20-06, which was “crucial” to Blackrock’s understanding of
Wyoming Governor Pushes Lawsuit Against Washington Over Coal Terminal
June 26, 2020
Gov. Mark Gordon submitted a reply brief Tuesday to the U.S. Supreme Court, reasserting Washington unlawfully regulated interstate commerce when it denied necessary water quality certifications to the company proposing to build the Millennium Bulk Terminal in Longview, Washington. The
Westmoreland Places Coal Valley Mine Operations on Care and Maintenance, Canada
June 25, 2020
Westmoreland Mining will be suspending operations at its Coal Valley Mine due to the significant constraints and challenges imposed by the COVID-19 pandemic. Since the start of the outbreak, the company has steadfastly prioritized the health, safety and well-being of
PureGold Mining Ramps Up Construction at Red Lake Mine, on Track for Q4 Production, Ontario
June 25, 2020
PureGold Mining is rapidly advancing construction at its Red Lake Mine, located in Red Lake, Ontario. The company is on schedule for first gold pour in Q4 2020. “We are now only months away from first gold pour at our
GoldMining Forms Gold Royalty Corp., A New Gold-Focused Royalty Company
June 25, 2020
GoldMining Inc. has created Gold Royalty Corp. (GRC), a newly incorporated wholly owned subsidiary, that will hold 14 newly created net smelter return (NSR) royalties on its extensive gold-focused asset portfolio in the Americas. “Following a decade-long effort since forming
Genesis Metals Commences Surface Program at Chevrier Gold Project in Quebec, Canada
June 25, 2020
Genesis Metals has commenced a staged surface exploration program that will be executed the coming months at its Chevrier Gold Project in the eastern Abitibi Greenstone Belt of Central Quebec. The Company completed a Phase I drilling program in May
Southern Silver to Acquire Full Ownership of Cerro Las Minitas Project for $15M, Mexico
June 24, 2020
Southern Silver Exploration has signed an agreement with Electrum Global to acquire the latter’s 60 percent indirect working interest in the Cerro Las Minitas (CLM) project in Durango, Mexico for $15 million. Located about 70km to the northeast of the
Contura to Idle Its Kielty Mine in W.Va., Puts Cumberland Mine Up for Sale
June 24, 2020
Contura Energy will idle its Kielty underground mine in West Virginia and put its Cumberland mine in Pennsylvania up for sale, the Bristol, Tennessee-based coal miner said June 22. The company attributed the “strategic actions” to the deteriorating market for
Forest Service Defends Stance on Arch’s West Elk Mine Road Expansion, Colorado
June 24, 2020
A March federal appeals court ruling did not yet apply when Arch Coal bulldozed a new road into the Sunset Roadless Area in the Gunnison National Forest earlier this month, according to the U.S. Forest Service. That’s because a district
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