Casa Minerals (TSXV: CASA) has optioned its Keaper polymetallic project 15 km northeast of Terrace, B.C., less than 5 km from the company's flagship Pitman polymetallic project, to a private company that has the right to earn a 60% interest in the property over four years.In order to earn its interest, the optionee must spend $4 million on exploration, pay Casa $550,000 and issue Casa 2.5 million...Read More
The world's largest new copper mine rumbled to a start this week in the Panamanian jungle, poised to supply a global market that's tipping into deficit and gives First Quantum Minerals Ltd. a chance to prove its $10 billion investment was worth all the trouble.Cobre Panama, a vast mining and processing complex near Panama's Atlantic coast, processed its first ore on Monday, a half century after th...Read More
The price of copper declined for a fifth day in a row on Thursday despite trade data showing Chinese imports of the orange metal growing at a record-setting pace.Copper for delivery in March hit a low of $2.7535 per pound ($6,070 a tonne) in early trading on the Comex market in New York, down more than 3% in a week.China consumes half the world's copper, and trade data released on Thursday showed...Read More
OSLO, Feb 14 (Reuters) - Norway's government approved on Thursday the building of a copper mine near Europe's northernmost point despite years of opposition from indigenous Sami herders and fishermen.Norway's decision on the copper mine has been viewed as a litmus test for the Arctic, where climate change and technology are enabling mineral and energy extraction, shipping and tourism, but threaten...Read More
Sierra Metals (TSX: SMT) is one step closer to expanding its Yauricocha mine in Peru.This week, the miner reported the approval of the Environmental Impact Assessment Study for the expansion of the tailings deposition facility at the polymetallic mine.The positive answer follows an initial negative issued in December 2016 by Peru's National Environmental Certification Service to Sierra's subsidia...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe Vancouver-based company reported an adjusted December quarter loss of C$8.5 million or 4c, which came in short of analyst forecasts calling for earnings of 1c on revenues of $112.35 million.Read More
Gold stocks have to do more to confirm they are in a new bull market.Sure, they've surged above key moving average resistance and breadth has improved.However, the gold stocks have not yet broken the pattern of lower highs and breadth, while improved, is not at bull market levels yet. Let's review where things currently stand.In recent weeks GDX and GDXJ surged above the critical 400-day moving av...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesLumina Copper Chile was fined 325 million pesos (US$488,000) for irregularities related to its Caserones mine.Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resourcesAtico said it had been unable to reach a new two-year collective agreement at the copper-gold operation in Co...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe body of a 64-year-old employee from Southern Copper's Toquepala operation, who was swept away by a mudslide on Friday, was found earlier today.In a translated statement, the company said searchers found his body 7km from where he had been working.Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe company expressed sincere...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesTotal 2018 revenue was $415.9 million, 3% lower year-on-year compared against revenue of $420.4 million in 2017.The company said it met guidance with output of 155.2Mlb copper, despite the number being 5% lower year-on year, at 3% higher C1 cash costs of $1.83/lb of payable metal.Alderan unlocking Frisco potentialSPONSOREDalderan resource...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe Toronto-headquartered company said Wednesday the ore passed through the primary crushing circuit last week at initial feed rates of 4,000-5,000t/h, before being placed into the first completed milling circuit.In the coming weeks the focus will remain on hot commissioning to move the ore throughout the plant until the first copper conc...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resourcesWell I'm back in Old Blighty, and the name is apt - gosh it's grim. Being of Irish heritage, I am not...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resourcesThe Australian government finally succumbed in December 2017 to political nagging to call a royal commission...Read More
Lucara sells large diamonds for US$32.5mPrecious stones"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsOne had recently left Australia after making a name for himself in the Leonora goldfield of Western Australia. The oth...Read More
Dundee Precious Metals offered a look at the fourth quarter and positive full year financials for 2018. The company recorded revenue of $377.1 million and adjusted net earnings of $29.0 million. The all-in sustaining cost per ounce of gold produced was $659. (All monetary figures are U.S. dollars.)For the full year, metal production totaled 201,095 oz. of gold and 36.7 million lb. of copper. The...Read More
First Cobalt (TXSV: FCC; US-OTC: FTSSF) has extended copper-cobalt mineralization along strike at both its Waite zone and No Name zone, part of its Iron Creek cobalt project in Idaho.The company is reporting four holes it drilled west of the project's current resource in 2018. The holes extend the Waite zone 120 metres west along strike and the No Name zone 60 metres west along strike. The compan...Read More
* Japan's Mitsubishi Materials Corp cut its sales estimate of copper cathode at its Indonesia copper smelting unit, PT Smelting, by 32,000 tonnes from its November forecast to 237,000 tonnes for the year ending March 31, a spokesman said on Wednesday. Sales were 263,000 tonnes a year earlier.* The longer-than-expected maintenance late last year and slower ramp-up after the maintenance caused a red...Read More
Peru's environmental agency, El Organismo de Evaluaci??n y Fiscalizaci??n Ambiental, (OEFA) has ruled out that a "greenish solution" found in a river near Southern Copper Corp's Cuajone mine was the product of a tailings spill.In a statement late Tuesday, OEFA noted it was still supervising operations at the mine, which is located in an area hit by heavy rains over the past week.Southern Copper...Read More
Canada's Barrick Gold TSX:ABX)(NYSE:GOLD), which completed its $5.4 billion merger with Africa-focused Randgold Resources at the start of the year, reported Wednesday a loss for its fourth quarter, due partly to issues at two mines in South America.The world's top gold producer by volume, which keeps its books in U.S. dollars, lost $1.2 billion, or $1.02 per share, for the quarter ended Dec. 31 co...Read More