Fortuna Silver to buy Roxgold in $884 million deal

Following its $6.1B merger with Randgold in January, Barrick set a bullish guidance for 2019, forecasting a double-digit jump in output.

Mega-mergers by Canada’s two largest gold companies, Barrick Gold Corp. and Goldcorp Inc., stand to erode its global influence.

The mine is the company’s biggest in the South American country.

Ethically sourced gold for example, may command a price premium of 3% to 5%.

Monarques Gold has now seen visible gold in 12 of the first 41 holes drilled to date at its McKenzie Break deposit.

The company produced 90,531 oz. gold in 2018, beating the upper end of its 82,000-90,000 oz. gold guidance.

The bank has upgraded Imperial Metals to a neutral rating from underperformer and lifted its 12-18 month target price on the stock.

The current resource estimates indicate the asset holds 57 billion pounds copper, 71 million ounces gold and 345 million ounces of silver.

The Seagull Lake property is 90 kilometres north of Thunder Bay, Ontario, Canada, and consists of 133 claim cells totalling approximately 2,128 hectares.