Earlier this month it had suspended mining operations at Rosebel after 25-year-old Furgill Aloeboetoe gained access to the site and died following an incident with police.

Bonterra currently has three active gold exploration projects in Quebec.

The private placement was closed at a significant premium to Corvus Gold's current share price.

The increasing role of digital currencies such as Bitcoin has spurred a debate in the precious metals market.

Results from an alternatives study highlight potential improvements to the Spanish Mountain project.

The project has an after-tax IRR of 28% and an after-tax NPV of C$402 million.

Pan Am acquired the mines with its $1.1 bilion takeover of Tahoe Resources earlier this year.