Proceeds will be used to advance the company's Kingsway gold project, located next to New Found Gold's Queensway discovery.

The Australian Stock Exchange notched up 42 IPOs in mining-related businesses over the past 12 months despite the Covid-19 pandemic.

The Vancouver-based miner said the discovery was made by drilling a vertical hole into an EM and gravity anomaly.

Tahltan Nation takes equity stake in Eskay Creek gold project, Skeena returns Spectrum mineral claims for nature conservancy.

"We’re here to talk about the revenge of the miners and how important it is that we sustainably mine copper metal for the new world economy."

Over 70% of respondents said investment in Canada’s natural resource sector will help with post-pandemic economic recovery.

Although China will likely maintain its dominance for the foreseeable future, other countries are ramping up their mining and refining capacities.

Company forecast higher output in the second half of the year as ramps up some operations.