The shaft collar is older than I am. Built in ‘56, abandoned not long after, and now half-swallowed by sagebrush and rabbitbrush. I sit on the lip and run the 10-mm static rope through my descender, click the carabiner shut, and check it twice in the direction of the load. My harness is snug. My ascenders are clipped where I…
Read MoreFirst Majestic Silver has initiated a restart plan for its Jerritt Canyon gold mine in Nevada, driven by an expanded Mineral Resource base, stronger long-term gold price assumptions, and successful drilling results over the past two years. As part of this plan, the miner has engaged Stantec Consulting Services to complete a pre-feasibility-level study on Jerritt Canyon, which is expected…
Read MoreSilver producer Hecla Mining has agreed to sell its subsidiary, Hecla Quebec, to Orezone Gold for up to $593 million in total consideration. Through the transaction, Orezone will acquire the operating Casa Berardi gold mine and a portfolio of exploration properties in Quebec. “The sale of Hecla Quebec represents an important milestone in Hecla’s transformation as we concentrate capital allocation…
Read MoreU.S.-based gold producer Fortitude Gold has received all approvals from the Bureau of Land Management and the Nevada Division of Environmental Protection to construct and operate the County Line gold project located in both Mineral and Nye counties. “We would like to thank the federal and state agencies for completing the permit approvals for our County Line project. While the…
Read MoreBQE Water reported last week that a new full-scale Selen-IX plant located at Coeur’s Wharf gold mine in South Dakota had passed the performance test and began routine operation. This latest Selen-IX plant set a record time for implementation of 20 months between the design engineering kick-off to the discharge of on-spec water into the environment. The plant is designed…
Read MoreEquinox Gold has sold its 100% interest in the Pan gold mine, Gold Rock project, and Illipah project in Nevada to Canadian developer Minera Alamos for a total consideration of US$115 million. “The sale of our non-core Nevada assets reflects our commitment to portfolio optimization and disciplined capital allocation. This transaction simplifies our business and allows the team to focus…
Read MoreWest Red Lake Gold Mines said its board of directors has approved management’s recommendation to restart its flagship Madsen gold mine in Ontario immediately. “West Red Lake Gold acquired the Madsen mine in June 2023 with the goal to use our team’s deep technical experience to unlock the abundant but at the time discounted potential of this mine,” said Shane…
Read MoreGlobal miner Newmont Corp. has completed the previously disclosed sales of the Musselwhite and Éléonore operations in Canada and the Cripple Creek & Victor operation in the United States, as part of a divestment plan of non-core assets. Orla Mining purchased the Musselwhite gold mine in Ontario for an upfront cash consideration of $810 million and gold-price linked contingent consideration…
Read MoreIn the face of ongoing tariff threats from the United States, the British Columbia government said it is working to accelerate 18 critical mineral and energy projects worth roughly $20 billion, reported The Canadian Press. Premier David Eby said that the government was expediting some projects to diversify the economy, assuming there would be “four years of continual on-and-off tariff…
Read MoreNewmont has agreed to sell its Éléonore operation in Northern Quebec, Canada, to UK-based Dhilmar for $795 million in cash consideration as part of the miner’s plan to divest its non-core assets. “Today’s announcement is another step forward in Newmont’s journey to create a go-forward portfolio of Tier 1 gold and copper assets, each with the scale and mine life…
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