Monarch expands McKenzie Break envelope

Drilling is continuing at the Kiena mine complex in Val d’Or, with results not yet reflected in a resource estimate.

The Phoenix-based company posted first quarter net income of $31m, compared with net income of $692m in the year-ago quarter.

Chief Executive Gary Goldberg said on an analyst call the combined company is targeting production of 6 million to 7 million ounces of gold annually.

Ernst & Young’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — rose 5% fin the January-March period.

Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania.

With the support of Prospectair, the company plans to run an 809 line-kilometre electromagnetic survey.

Lion One Metals kicked off a drilling campaign at the Tuvatu gold project located on the island of Viti Levu.

AMCU, one of the largest trade unions in South Africa's mining sector, has thousands of members at gold and platinum mines.

Heightened geopolitical and economic uncertainty pushed central banks to diversify their reserves and focus on investing in safe and liquid assets.