St Barbara backs Genesis bid for Leonora despite revised Silver Lake offer Providing Silver Lake with access to due diligence would potentially expose St Barbara to a termination of the binding deal with Genesis, it said. Reuters | June 2, 2023 | 9:33 am
Filo Mining upsizes private placement, shares rise The company has decided to increase the placement from C$100 million to C$130 million due to strong demand. Staff Writer | June 2, 2023 | 9:15 am
Pimco says gold is overvalued now, but has long-term appeal Greg Sharenow, who manages a portfolio focused on energy and commodities, calls gold a 25-year duration asset. Bloomberg News | June 1, 2023 | 1:50 pm
G Mining Ventures de-risks Tocantinzinho gold project with energy deal The open pit project in northern Para state Brazil is on track for commercial production in the second half of 2024. Staff Writer | June 1, 2023 | 10:27 am
Lundin backs Filo del Sol project in Argentina by joining $75m placement The Lundin Family Trusts will subscribe for up to C$70 million of the shares, and the BHP Group will subscribe for up to C$30 million. Staff Writer | June 1, 2023 | 8:55 am
Argonaut ramping up Magino mill for first gold pour by mid-June The initial 48-hour run of the mill was completed this week, and milling is scheduled to resume on June 4. Staff Writer | June 1, 2023 | 8:52 am
Gold price trends higher as market grows cold on July rate hike Markets now see a 70% chance the Fed will keep rates unchanged next month. Staff Writer | June 1, 2023 | 8:42 am
Newmont to invest $540 million in Cerro Negro mine in Argentina Last year, Cerro Negro generated more than $500 million in exports. Bloomberg News | June 1, 2023 | 8:12 am
Zimbabwe aims to double power output by 2025 to meet mining demand The southern African country is reeling from power cuts of up to 12 hours daily. Reuters | June 1, 2023 | 7:39 am