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Strike shuts Newmont’s Peñasquito mine

Strike shuts Newmont’s Peñasquito mine

Gold major Newmont on Thursday announced it had suspended operations at the Peñasquito mine, in Mexico, citing labour strike action. The NYSE- and TSX-listed miner said the National Union of Mine and Metal Workers is demanding an increase in the uncapped...

Franco-Nevada ups NSR on Marathon’s Valentine project

Precious metals streamlining firm Franco-Nevada has acquired an additional 1.5% net smelter return (NSR) royalty on the Valentine gold project for $45-million, TSX-listed Marathon Gold reported on Thursday. Franco-Nevada now holds an aggregate 3% NSR on the project,...