Maverix Metals Inc. (TSX: MMX) has completed the acquisition of an additional net smelter return (NSR) royalty on the Hope Bay mine in Nunavut, owned and operated by TMAC Resources Inc. Maverix now holds a 2.75% NSR royalty on Hope Bay effective from August 1, 2019. The 2.75% NSR royalty will reduce to 2.5% upon registration of the royalty against the property. TMAC continues to optimize the established operations and expects Hope Bay to produce over 160,000 ounces of gold in 2019.
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The recently announced discovery of a previously unknown kimberlite pipe at Northwest Territories’ Gahcho Kué Mine is just the latest in a series of discoveries that may extend operations at the diamond mine, reports De Beers Group. The Wilson kimberlite discovery is located within the Tuzo pit design limits. A smaller kimberlite pipe, also near Tuzo and named Curie, was discovered in 2018.
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On June 17, the Prospectors & Developers Association of Canada (PDAC) launched its Gender Diversity and Inclusion Guidance, which will help junior exploration and mining companies improve their gender diversity and inclusion in the workplace and community setting.
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The Mining Association of Canada (MAC) has announced that Gordon Stothart, Executive VP and Chief Operating Officer for IAMGOLD, has been elected Chair of MAC for the next two-year term. Stothart replaces Anne Marie Toutant, Vice President, Fort Hill Operation, Suncor Energy Inc., who served as Chair from June 2017 to June 2019.
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FSC Canada (The Forest Stewardship Council) is one of the newest members of the Canadian Council of Aboriginal Business (CCAB), an organization that helps to build bridges between Aboriginal and non-Aboriginal peoples, businesses, and communities. Through this membership, FSC hopes to help foster business relationships between Aboriginal and non-Aboriginal businesses and communities to advance sustainable economic growth across Canada.
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