Crystal Lake’s stock jumps on McEwen investment
Proceeds of the private placement will be used to advance the company's Newmont Lake project in British Columbia.
Proceeds of the private placement will be used to advance the company's Newmont Lake project in British Columbia.
It was expected that between $1 billion and $1.5 billion in assets would be sold over the next two years.
The potash project developer posted a pretax loss of $1.5 million for the first half of 2019, compared to a loss of $1.1 million a year earlier.
The deal ends Acacia’s near-decade presence on the London Stock Exchange.
Brucutu, which has an annual capacity of 30 million tonnes of iron ore, is Minas Gerais state's largest mine.
A final diamond drilling campaign at the Mahenge Liandu property yielded high-grade, near surface intercepts.
The company acquired 1,005 new claims around its Imperial gold project.
At peak production, the mine is forecast to churn out 320,000 ounces of gold and 150,000 tonnes of copper a year.
A new study says global battery metals consumption will rise six-fold by the mid 2020s but impact in Canada will be minimal.
The best assays so far are 34.28 g/t gold over 8.4 metres and 12.30 g/t gold over 6.7 metres.
One notable channel sample assayed 0.29% copper, 4.27% zinc, 4.34 g/t gold and 27.02 g/t silver over 1.8 metre.