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First Mining announces positive updated PEA for Springpole project
First Mining Gold announced on Wednesday the positive results of an updated preliminary economic assessment (PEA) for its Springpole gold project. The project is located about 110 km northeast of the town of Red Lake in northwestern Ontario, covering 32,448 hectares....
B2Gold offloads Nicaraguan assets, becomes Calibre’s main shareholder
Mid-tier Canadian miner B2Gold has completed the sale of its El Limon and La Libertad gold mines, the Pavon gold project and other mineral concessions in Nicaragua to explorer and developer Calibre Mining. The $100-million transaction, announced in July, involved cash...
Fate of Black Swan nickel project to be decided before year-end
Poseidon Nickel’s Interim Chief Executive Officer, David Riekie, announced this week that a final investment decision can be expected in the current quarter on the proposed A$30-million restart of the Black Swan nickel mine in Western Australia. Talking at the Paydirt...
Fortescue, SMB head to head in race for Simandou’s northern blocks
Australia’s Fortescue Metals Group (ASX:FMG) and Guinea’s Société Miniere de Boke (SMB) are the two companies shortlisted to win mining rights to the northern blocks of the giant Simandou iron ore deposit, given up by Israeli tycoon Beny Steinmetz earlier this year....