The Silaskaira property is on the potential northern extension of the Hanhimaa Shear Zone, currently being explored by Agnico-Eagle and S2 Resources.

Nighthawk's Indin Lake property includes the past-producing Colomac gold mine as well as six additional gold targets.

Freeman published the initial pit-constrained resource estimate for the Lemhi project in June.

AngloGold’s new “simplified structure” will mean local managers report only to the chief operations officer and chief executive officer.

The precious metal ended last week about 2% higher after the US Federal Reserve maintained its view inflation was transitory.

Miner has now raised its capex estimate to $610 million in 2022 and $590-million in 2023 compared with a previous forecast of around $500-million in each year.

The miner recorded a cash flow of $342 million in the third quarter of 2021, compared to $318 million in the second quarter.

The miner and Xatśūll First Nation signed an engagement protocol agreement in October.