Canada’s Pan American Silver (TSX:PAA) (NASDAQ:PAAS) is buying precious metal miner Tahoe Resources (TSX:THO) (NYSE:TAHO) for $1.07 billion in cash and stock, creating one of the world’s largest silver producers. Pan American, already the world’s second-largest primary silver miner, will effectively double its silver reserves of the precious metal with the acquisition, as Reno, Nevada-based Tahoe Resources owns […]
Mining News and Commentary
Gold production up 60% over last year at RNC Minerals’ Beta Hunt mine
RNC Minerals Corporation (TSX: RNX) today reported production at the Beta Hunt Mine in western Australia. Beta Hunt produced 13,497 mined gold ounces for the month of October 2018 at an average grade of 9.06 g/t. Year-to-date October 31, 2018 mined gold ounces was 71,957, an increase of 60% versus the prior year period, including […]
Euro Sun gets mining license for Rovina in Romania
Euro Sun Mining Inc. announced the completion of the ratification process of its exploitation permit and mining license for the Rovina Valley Project in Romania.The Euro Sun has one of the largest mineral deposits in the European Union with 7.2 million ounces of gold and 1.4 billion pounds of copper. The mine could produce about 150,000 ounces of gold and 50 million pounds of copper a year.