Empress Royalty CEO Projects US$7 Million in Revenue by Year End

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

Barksdale Resources Plans for Drilling After Sunnyside Permitting Reaches Final Phase

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 Provides MCTO Status Update and Filing of its Annual Financial Statements

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

Sylla Gold Provides Update on Private Placement of Units

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

iMetal Extends Agreement with European Marketing Firm

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

Gold Awaits Fed Meeting, Who’s Funding Juniors Right Now?

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 Announces Grant of Stock Options

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

Tapping into Canada’s Frontier Mining Jurisdiction

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 Acquires Castle Rock Property, Northern Vancouver Island, Signs Partnership Agreement With Cazador Resources

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

Gold Breaks US$1,900, Sweden Makes Rare Earths Discovery

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