Paulson calls meeting to reshuffle Midas Gold’s board

Lundin has been developing Fruta del Norte for over a year, following an agreement with Ecuador’s government allowing the miner to move ahead with the gold project, the country's biggest.

Results from 11 of the 12 drilling rigs at its 85%-owned Cascabel copper-gold project, suggest there is much more intense mineralization in the property than thought earlier, the company said.

Some 200 litres of cyanide solution were released into the environment.

The decision was made to reflect a challenging "shareholder experience" and operations at some mines.

Following a community outcry, Aben Resources and Eagle Plains Resources decided to suspend their planned drill program at the Chico Gold Project.

GFG says this is the first ever systematic, district-scale exploration program in an under-explored portion of the Abitibi greenstone belt.

The Nicaragua-focused miner has not generated any revenue in the past two years, but narrowed pre-tax loss to £3 million in 2017 from £7.7 million a year earlier.

The project will connect remote First Nations in Northwestern Ontario to Ontario’s power grid and provide for savings associated with avoided diesel costs.

It was unclear where all the funding would come from and analysts said the project start date of July looked very ambitious.