Resource World Magazine

OceanaGold poised to restart mine in Philippines

OceanaGold [OCG-TSX, OCGT-ASX] is poised to restart its Didipio gold-copper mine after the Philippine Government renewed the Didipio Mine Financial and Technical Assistance Agreement (FTAA) for an additional 25 years. The shares rallied on the news, rising 6.0% or 13.5 cents to $2.40 on volume of 3.26 million. The shares are currently trading in a…

Platinum Group Metals subsidiary granted third US patent focused on lithium sulphur batteries

Platinum Group Metals Ltd. (TSX: PTM) (NYSE: PLG) and subsidiary Lion Battery Technologies Inc. reports that the U.S. Patent and Trademark Office has issued a third patent to Florida International University related to platinum group metals being used in lithium batteries. Specifically, this third patent is related to PGMs in the “Next Generation” Lithium Sulphur…

Triple Flag posts record Q2 sales, shares active

Triple Flag Precious Metals Corp. [TFPM-TSX, TFPM.U-TSX] shares were active Tuesday after the company reported its production numbers for the second quarter of 2021. The company reported second quarter gold equivalent ounce (GEO) sales of 22,500 ounces and revenue of $40.9 million. Triple Flag shares advanced on the news, rising 0.64% or 10 cents to…

Mako Mining Provides Pre-Commercial Production Operating Results for May and June and Declares Commercial Production

Mako Mining Corp. [TSXV-MKO, OTCQX-MAKOF] is pleased to provide an operating update from its San Albino gold mine (“San Albino”) in northern Nicaragua. All components of the 500 tonne per day gravity and carbon-in-leach (“CIL”) processing plant have been fully operational since the beginning of May 2021.  Since May 12th, when the processing of high-grade…

Barrick Gold says exploration successes point to longer life for Tongon Mine

President and Chief Executive Mark Bristow of Barrick Gold Corporation [TSX:ABX), NYSE:GOLD], said today “Significant exploration successes could extend the Tongon gold mine’s life.” Speaking at a local media briefing, Bristow said 10 years after it went into production Tongon could get a new lease on life thanks to promising results from near-mine exploration campaigns…

Minaurum Gold raises $9.2 million for Mexico projects

Minaurum Gold Inc. [MGG-TSXV, MMRGF-OTC, 78M Frankfurt], said Friday it has raised $9.2 million from a bought deal public offering, which includes the full exercise of an over-allotment option. The company previously said it planned to raise $7 million from an offering of 17.5 million units priced at 40 cents per unit. However, on Friday…