Seabridge raises $225m to move KSM project closer to construction

The silver mine will return to full production this quarter after a 33-month labour action.

The Canadian miner says the project has historically provided some of the highest-grade niobium assays in the industry.

Since resuming regular diamond tenders in September, Mountain Province Diamonds has seen prices for its goods start to rise.

Blackwater would be one of the largest capital investments in British Columbia economy in the last ten years, company says.

New Britannia refurbishment is about 64% complete and commissioning of the gold plant is expected in mid-2021, three months earlier than originally planned.

With its Cigar Lake uranium mine in northern Saskatchewan on care and maintenance, Cameco reported a quarterly net loss of C$61 million.

In April, the company released a prefeasibility study for Valentine, which outlined a 12-year open pit and conventional milling operation producing an average of 175,000 oz. of gold annually in the first nine years of operation.

Company generated a total of 20,008 oz. from its Eagle River complex in Ontario in the third quarter of this year, at all-in sustaining costs of $1,047 per oz.

Torex poured 131,790 oz. gold at all-in sustaining costs of $877 per oz. at its El Limon Guajes mine in Guerrero state in Q3.