Barrick, Newmont step up game to sway top investors

Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD) and U.S. rival Newmont Mining (NYSE:NEM) are working hard on persuading their respective top investors that a merger of the companies is the best, or the worst, option for them. Barrick launched its hostile bid for Newmont on Monday, and updated its presentation on Thursday, adding more information on the expected synergies and benefits of the deal. Barrick chief executive Mark Bristow reiterated that acquiring the Colorado-based company would create up to $7 billion in synergies, with $4.7 billion coming from Nevada, where both companies have…

Exyn Technologies introduces robots into Dundee Precious Metals’ gold mines

Exyn Technologies and Dundee Precious Metals (TSX:DPM) announced this week that they have joined forces to automate the latter's underground gold mining operations. The first step to achieving such a goal was that Exyn's Autonomy Aerial Robots or A3Rs were made commercially available, a development that took place in the past days. According to the tech company, A3Rs comprise a fully autonomous aerial system for data collection in GPS-denied environments. They don't need any prior information or persistent communication and they assimilate measurements from a variety of sensors including a…

Golden Share Resources acquires Sandridge project in Ontario

Golden Share Resources (TSXV: GSH) announced this week that it has acquired the Sandridge project through map staking. The project is located approximately 150 kilometres east of Thunder Bay, in eastern Canada, and it sits on the Winston Lake Greenstone Belt, known by its initials WLGB. This is not Golden Share's first incursion in the area. The Ontario-based firm previously held the past-producing Pick Lake zinc deposit through a 2011 option agreement. However, in 2015, the company decided to terminate the deal, citing unfavourable business terms and difficult market conditions.…

Australian mining industry group praises free trade deal with Peru

On the one year anniversary of the signing of the Peru-Australia Free Trade Agreement (PAFTA), the Minerals Council of Australia issued a statement saying that the ratification of the deal is expected to deliver major investment and job opportunities for Australia’s mining industry. "Under PAFTA, Peru will eliminate 99.4% of its tariffs, including on valuable Australian resources such as iron ore, copper, nickel, coal, mineral fuels and oil," the statement reads. "Australian mining commodities and mining equipment, technology and services (METS) dominate the A$640 million trading relationship with Peru. In…