Hot News in this Week
Jun 6, 2025
In its latest episode, EarthLabs Expeditions offers an up-close look at West Red Lake Gold Mines as it reaches a pivotal moment in its growth, with the company's bulk sample program culminating in the first gold pour from the revitalized Madsen mine. The episode showcases the company's progress over the past six months, including significant infrastructure upgrades and an expanded workforce, as well as exclusive underground footage of modern mining operations and real-time ore sampling and testing. With full production on the horizon and gold prices at historic highs, the episode captures a turning point for West Red Lake Gold and the broader Red Lake district, where legacy assets are being brought back to life with modern technology and strategic vision.
Source: www.mining.com
South32 has exercised its right to maintain a 19.9% interest in American Eagle Gold by purchasing an additional 1.16 million shares, following the junior miner's recent acquisition of a 100% stake in the NAK copper-gold project through issuance of 1 million shares. The Australian miner bought the stocks at a discount as per an investor rights agreement, with American Eagle's stock trading at C$0.48 as of Thursday afternoon.
Source: www.mining.com
Shares of Ivanhoe Mines rose 7.5% on Monday after the company unveiled a two-stage plan to dewater and partially restart operations at its Kakula copper mine in the Democratic Republic of Congo, which was forced to suspend activities due to severe flooding on May 18. The update marked the first significant step towards recovery, with the company's market capitalization jumping back above C$15 billion by mid-morning trading. Despite underground mining suspension, Ivanhoe confirmed that its Phase 1 and Phase 2 concentrators were processing surface stockpiles at about 50% of their combined nameplate capacity, with a geotechnical assessment underway to evaluate the mine's stability for a potential phased return to operations. Analysts suggest that Kakula could recover significant output by the third quarter if no major delays occur in infrastructure delivery or additional safety concerns arise.
Source: www.miningfeeds.com
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