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Timmins Gold announced it will purchase Goldgroup Mining's 100-percent interest in the Caballo Blanco gold project for as much as US$30 million in cash and shares. Projected production from the project could nearly double the company's annual gold production to 220,000 ounces.
Combining a rich mining history with huge profit potential in the here and now, the Guerrero Gold Belt is one part of Mexico investors should have their eye on. Here's a look at some of the companies operating there today.
Leibish & Co.'s Yaniv Marcus on what diamond market participants can expect in 2015.
Barrick Gold announced Thursday morning that it will suspend operations at its Lumwana copper mine in Zambia. The move follows a decision by the Zambian government to jack up royalties on open-pit mining operations in the country by almost 15 percent.
This month's rumors that Coeur Mining was planning to acquire Paramount Gold and Silver turned out to be true on Wednesday morning. The companies announced that Coeur will acquire all outstanding shares of Paramount in an all-stock deal valued at $146 million, securing Paramount's San Miguel project and the Don Ese deposit.
The State of New York will ban fracking due to growing health concerns and lower-than-estimated economic impact for the state.
Japan has greenlit the opening of two reactors for the Takahama project, which is owned by Kansai Electric Power Company. That brings the number of approved reactors to four.
Shares of Canada's Sherritt International jumped over 25 percent on Wednesday after the United States announced plans to restore diplomatic relations with Cuba. The company produces oil and gas in Cuba, along with nickel and cobalt via its Moa joint venture.
Avrupa Minerals rose 60 percent after announcing results from the first-ever drill program at its Slivovo project.
Roughly one month after acquiring Virginia Mines to become the fourth-largest company in the royalty space, Osisko Gold Royalties has secured another agreement — for a copper royalty. However, as part of its agreement with Highland Copper the gold-focused royalty and stream company also has the option to earn a silver net smelter royalty on the copper miner's Michigan projects.