Mandalay Resources reports record production in 2020

The deal closed for C$31 million.

All indications point toward a large copper-gold porphyry system.

Most ore will be sourced locally from various locations including the northwestern states of Zamfara, Kebbi and Kaduna, as well as the central states of Kwara and Niger.

Until now, gold has played second fiddle to the U.S. currency as investors have sought a safe haven in the face of trade war uncertainty now, we see gold’s appeal firming.

“This is now Mark Bristow’s company and I think John knows that.”

Inalum was proposing to sell a 10% stake in PT Freeport Indonesia to Papua for $819 million.

The Vancouver-based miner consolidated a land position of over 90 square kilometres in the Babine copper-gold porphyry district in central British Columbia.

The Kelowna-based miner plans to establish up to 60 drill sites and four kilometres of exploration trail near Merritt.

The permits were issued by the B.C. Ministry of Energy, Mines and Petroleum Resources and the B.C. Ministry of Environment and Climate Change Strategy.