Citing financial and operational challenges – and just weeks after announcing it would slow down operations at the mine due to technical, mechanical and procurement issues – Monarch Mining has confirmed it is suspending mining at the Quebec gold mine and is placing it on care and maintenance. Monarch officials said the halt will be for an “undetermined period” and…
Read MoreColorado-based miner Fortitude Gold said in July in its preliminary second quarter production results that it met 10,980 gold ounces during the period. The company said it will maintain its 2022 annual production outlook of 40,000 gold ounces (a range of 36,000 to 40,000 ounces). Fortitude Gold, a gold producer, developer, and explorer with operations in Nevada, has been offering…
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By Donna Schmidt There’s a meme in the social media universe that depicts someone consuming a theater bucket of popcorn and looking on, with the words, “I’m just here for the comments.” Well, grab that real-life bucket and consider this: AMC, the American chain of movie theaters that, in recent years and thanks to pay-per-views, streaming services and the pandemic…
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Canadian-based Calibre Mining has confirmed the completion of its takeover of Fiore Gold and the operating Pan gold mine in Nevada. Under the transaction arrangement, former Fiore shareholders received 0.994 of a Calibre common share and a cash payment of C$0.10 in exchange for each share held. In aggregate, Calibre issued 101,321,923 Calibre shares and made a cash payment of…
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