Argonaut Acquires Cerro del Gallo Project in Mexico

Argonaut Gold has reached an agreement with Primero Mining Corp. to obtain the Cerro del Gallo (CDG) project through the purchase of all the shares of Primero’s subsidiary San Anton Resource Corp. for $15 million in cash, which is payable upon closing. Argonaut expects to be able to recover approximately $1.7 million of value-added tax, which reduces the total purchase price to $13.3 million. The company expects the transaction to close on or before November 30.

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QIO to Restart Bloom Lake

Quebec Iron Ore (QIO) has confirmed the March 2018 restart of the Bloom Lake iron ore mine located near Fermont, Quebec. After acquiring Bloom Lake in April 2016, QIO secured the necessary funding and has been upgrading and optimizing the facilities, procuring off-take partners and forming mutually beneficial alliances with the host community. QIO is also proud to announce it is in the process of swiftly hiring more than 450 men and women who will participate in the Bloom Lake restart.

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CNMC’s Carbon-in-Leach Plant Starts Trial Operation

CNMC Goldmine Holdings Ltd. confirmed that its newly constructed carbon-in-leach (CIL) plant is in the process of conducting trial operation, marking a major milestone in its efforts to ramp up gold output after poor ore grades dented the company’s gold production for the last year.

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Golden Star Receives Environmental, Social Responsibility Award

Golden Star Resources will receive the 2018 Environmental and Social Responsibility Award from the Prospectors and Developers Association of Canada (PDAC). Selected by the association’s board of directors, this award recognizes an organization that demonstrates outstanding initiative, leadership, and accomplishment in establishing and maintaining good relations with local communities and in protecting and preserving the natural environment during an exploration program or operation of a mine.

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