Index

Excellon Resources’ (TSX: EXN; NYSE: EXN) shares plummeted following the news that its $50-million planned acquisition of the past-producing La Negra silver mine in Mexico, announced in January, has fallen through.

First Majestic Silver (TSX: FR; NYSE: AG) has delivered positive drilling results from its San Dimas and Santa Elena mines in Mexico and the Jerritt Canyon project in Nevada. In the first half of 2023, the company had up to 19 active drill rigs and completed a total of 78,973 metres of drilling across its portfolio of mines and projects.

Ecuador-focused SolGold (LSE: SOLG) said on Monday it had been granted a 25-year licence renewal for its flagship Cascabel copper-gold project in the Andean country.

U.S. Gold (NASDAQ: USAU) has been granted a key permit that allows the company to proceed with construction at its proposed CK gold-copper-silver mine in Wyoming.

Faraday Copper (TSX: FDY; US-OTC: CPPKF) has released a fresh round of assay results from its flagship Copper Creek project in Arizona, with drilling highlighting the potential to connect two conceptual open pits in an upcoming resource estimate.

Steppe Gold (TSX: STGO; US-OTC: STPGF) has signed a binding term sheet to provide up to US$150 million in financing to fully fund a second-phase expansion at its ATO (Altan Tsagaan Ovoo) gold mine in Dornod, northeast Mongolia.

Australia’s Regis Resources (ASX: RRL) on Friday announced the official opening of the Balkau decline at its Garden Well South underground mine in Western Australia.

Australian base metals explorer Develop Global (ASX: DVP) is buying coveted fellow lithium developer Essential Metals (ASX: ESS) in a share-based deal worth about US$102 million (A$152.6 million).

Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our data provider Mining Intelligence.

Rainbow Rare Earths (LSE:RBW) has inked an agreement with Bosveld Phosphates that would give it full ownership of the Phalaborwa rare earths project in South Africa.

Cornish Lithium, a start-up that attracted the interest of the battery metals sector with its plans to open a lithium mine in the UK, has warned it could go bust if it fails to secure capital injection of around $17 million (£10.2 million).

AngloGold Ashanti (NYSE: AU; JSE: ANG) announced on Monday it would build one of the largest renewable energy projects in Australia’s natural resource sector, which will supply power its Tropicana gold mine.