$37 billion gold project spend needed by 2025

The country is poised to becoming the world’s third largest producer of the commodity, as the massive Husab mine begins production in October.

The Canadian miner said operations were unaffected, adding it expects the issue to be resolved quickly.

The combined company, to be known as Kirkland Lake Gold, will have a market capitalization of about Cdn$2.4 billion and produce more than 500,000 ounces of the yellow metal a year.

The Canadian company’s plans in the Okanogan County are now on hold.

Texas-based Ocean Minerals says the area is also rich in scandium, a key ingredient for making an extremely light, strong, corrosion resistant, heat tolerant and weldable alloy.

Prices above $200 a tonne are suddenly making companies that mine the steel-making commodity more unattractive.

Test findings support the interpretation that the McVeigh Horizon is the folded continuation of the Austin Horizon.

Vancouver-based JDS Silver Inc. has just received USD$65 million from resources-focused private equity firm Denham Capital.

Amended impact review for TMAC's 3.2 million ounce Hope Bay project in Canada's Nunavut territory completed.