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Equinox Gold sells Elk Gold property

By: Creamer Media Reporter      22nd May 2019 TSX-V-listed Equinox Gold has sold its Elk Gold property, in British Columbia, to private explorer Bayshore Minerals for $10-million. The company will receive $1-milion in cash on closing of the sale and $9-million in a first ranking secured promissory note payable in yearly installments of... 

Tethyan to redomicile from UK to Canada

By: Creamer Media Reporter      22nd May 2019 Serbia-focused Tethyan Resources has announced that it will redomicile the company from England and Wales to British Columbia, Canada, to avoid the UK stamp duty tax. The UK stamp duty tax – a tax of 0.5% payable to HM Revenue and Customs Stamp Office – is unfamiliar to many investors that... 

Confidence and investment returning to British Columbia’s mining industry

By: Creamer Media Reporter      17th May 2019 The performance of British Columbia mining companies are mirroring the return of confidence to the global industry, with the mining sector of Canada’s westernmost province posting positive results for the second consecutive year. PricewaterhouseCooper (PwC) Canada’s ‘BC Mine’ report states that... 

Even Trudeau’s Canada, gripped in carbon fight, won’t ditch coal

By: Bloomberg     10th May 2019 Set against lush hills, deep inlets and snow-kissed mountain peaks, Vancouver is the wellspring of Canadian environmentalism—and the heart of its climate dilemma. British Columbia’s premier city prides itself on its green bona fides. The province is the birthplace of Greenpeace, ushered in... 

Pretium pays down debt on strong first-quarter, chair to retire by year-end

By: Mariaan Webb     3rd May 2019 TSX- and NYSE-listed Pretium Resources has initiated a search for a new director to replace executive chairperson and founding shareholder Robert Quartermain, who will be retiring on December 31. The company, which owns the Brucejack mine, in British Columbia, would elect a new chairperson prior... 

Struggling junior miners woo investors to fund exploration projects

By: Reuters     3rd May 2019 Junior miners, struggling to fund exploration as institutions seek lower risk and better returns from larger rivals and newer industries, sought to sell potential investors on projects on Thursday, with mixed success. The proliferation of index funds, sluggish gold price growth and a shift into... 

Ximen Mining options royalty agreement on Kenville gold mine

By: Tasneem Bulbulia     29th April 2019 Ximen Mining has entered into a royalty option agreement with Gungnir Resources pursuant to which the company has acquired an option to buy all of Gungnir’s remaining interest in its 4% gross metal royalty over the Kenville gold mine property, in British Columbia, for $1.7-million. To exercise... 

Enviro Minister OKs New Gold’s proposed $1.8bn mine

By: Mariaan Webb     16th April 2019 The Blackwater openpit gold and silver mine that TSX-listed New Gold is planning to build south-west of Prince George, British Columbia, has received the thumbs up from federal Environment and Climate Change Minister Catherine McKenna. The Minister concluded, following an environmental... 

Goehring appointed the new voice of BC mining

By: Creamer Media Reporter      12th April 2019 The Mining Association of British Columbia (MABC) has appointed Michael Goehring its president and CEO, with effect from next month. He joins MABC from Canada’s largest communications firm, National, where he was a partner. 

Amarc seeks new partners as Hudbay pulls out of BC projects

By: Creamer Media Reporter      21st January 2019 Explorer Amarc Resources has opened the door for a new partnership on two British Columbia copper projects, after diversified miner Hudbay Minerals relinquished its options to earn an interest in the IKE porphyry copper/molybdenum project, near Gold Bridge, and the JOY gold/copper project in the... 

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