After launching with 13 exploration assets in 2020, Empress Royalty (TSXV:EMPR,OTCQX:EMPYF) now has three producing mines that are ramping up, according to President and CEO Alexandra Woodyer Sherron. “We’re forecasting about US$7 million in revenue coming in by the end of the year, using current metal prices,” Sherron said. Empress Royalty is a global royalty … Read more
The final step of the National Environmental Policy Act permitting process is within Barksdale Resources’ (TSXV:BRO) reach after the US Forest Service (USFS) informed the company that it intends to publish a Draft Decision Memorandum and Finding of No Significant Impact for the Sunnyside project in Arizona. “We’ve got a tailwind in the metals markets,” … Read more
Element79 Gold Corp. (CSE:ELEM) (OTC: ELMGF) (FSE:7YS) (“Element79 Gold”, the “Company”) provides an update with respect to the previously announced Management Cease Trade Order (the “MCTO”) issued by the British Columbia Securities Commission on January 4, 2023. The Company is providing notice in accordance with National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”). … Read more
Reko Diq Pakistan Country Manager Ali E. Rind handed over the check for $3 million to Secretary, Mines and Minerals Development Department, Mr. Saidal Khan Luni. The new Reko Diq agreement ensures that benefits from the project start accruing to the people of Balochistan well before the mine goes into production through advance royalties and … Read more
Reko Diq Pakistan Country Manager Ali E. Rind handed over the check for $3 million to Secretary, Mines and Minerals Development Department, Mr. Saidal Khan Luni. The new Reko Diq agreement ensures that benefits from the project start accruing to the people of Balochistan well before the mine goes into production through advance royalties and … Read more
The gold price remained firmly above US$1,900 per ounce this week, continuing an upward trajectory that started around the beginning of November. By Friday’s (January 27) close, the yellow metal was at about US$1,927 per ounce. Market participants were waiting for the latest PCE Price Index data, which looks at personal consumption expenditures — in … Read more
Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQX: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce the filing of an independent Preliminary Economic Assessment (“PEA”) technical report for its 100% owned Goldfields Project (“Goldfields” or the “Project”) located near Uranium City, Saskatchewan. Fortune Bay’s News Release dated November 1, 2022 titled ” Fortune … Read more
As Canada’s last frontier for mineral exploration, Nunavut is also one of the most promising. Covering an area roughly the size of Western Europe, the region is incredibly rich in mineral resourcesincluding iron ore, diamonds and oil and gas, plus a wealth of critical minerals. In addition to this impressive mineral inventory, gold is arguably … Read more
Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the acquisition of the Castle Rock property on northern Vancouver Island, British Columbia (BC). The property was acquired through claim staking, then expanded through a partnership with Cazador Resources Ltd. (“Cazador”) in January, 2023. Together, the companies own 100% of the property with … Read more
The gold price is closing out the second week of the year just below the US$1,920 per ounce mark. The yellow metal was last above US$1,900 in April 2022, after which it began a bumpy decline that continued through the summer and fall. A turnaround started in early November, and gold has risen about US$300 … Read more
