Last week index score: 45.96This week: 35.42 Zinc One Resources (TSX-V: Z) reported the final drill results from the high-grade zinc discovery in the Mina Chica zone of its Bongar?? zinc project in north-central Peru.The Oreninc Index fell in the week ending June 8th, 2018 to 35.42 from 45.96 a week ago as financings decreased, and broker action stayed away.Gold spent the week flirting...Read More
The metallurgical study will be incorporated into the Springpole prefeasibility study, which is scheduled for completion some time in 2019.A secondary function of the M3 study will entail an attempt to improve gold recovery in the current whole-ore carbon-in-pulp (CIP) flowsheet, as suggested in the October 2017 preliminary economic assessment (PEA), and to optimise recoveries for the flotation fl...Read More
Toronto-based Wesdome, which has a 30-year pedigree as a Canadian gold producer, is working to develop and explore the 300E Zone that was first discovered in 2015. The 300 Zone is located 300m - 400m north of the main 8 Zone structure, which has provided the bulk of the Eagle River mine's production over the past 20 years. It comprises two areas - the 300W and 300E Zones - with the 300E area...Read More
SHANGHAI, Jun 12 (SMM) – Nonferrous metals mostly traded weakly on Tuesday June 12. SHFE nickel led losses and closed 0.61% lower. Copper dipped 0.52%. Tin and aluminium inched down, while zinc and lead went up slightly. The ferrous complex rose across the board with coke leading the gains with a surge of nearly 4%. Coking coal jumped nearly 3%, rebar gained almost 2%, hot-rolled coil r...Read More
The Vancouver-based company is offering up to 12.87 million common shares, comprising 4.54 million flow-through shares at C66c each, for total gross proceeds of up to C$3 million, and 8.33 million ordinary common shares at C48c apiece, for gross proceeds C$4 million.Foran in December signed a technical services agreement with Glencore Canada to provide technical services and expertise to advance t...Read More
The deal will see CITIC Metal become Ivanhoe's single largest shareholder, besting founder and executive chairman Robert Friedland's 17% Ivanhoe stake.Read More
By funding US$1.56 million on exploration over two years, Stratex can earn an initial 51% of the two projects from Bureau d'Etudes et d'Investigations Géologico-minières, Géotechniques et Géophysiques (BEIG3), with at least $560,000 to be committed in the first year.The work plan for the first stage includes infill trenching at Bakassi to better define key gol...Read More
The results expand the current east-west footprint to 2.2km wide and 1.7km long (north-south). Delineation drilling to date confirmed a 50m-140m-thick lithium-rich tuff unit, that points to the deposit's significant scale.The Toronto-based company reported that it had mapped and sampled a massive footprint for the lithium-bearing deposit, and the thick intersections of lithium-rich tuff had consis...Read More
MOD said visible sulphides in intermittent veins were seen in a 90m interval from 360m downhole, with the hole being deepened and assaying still to be undertaken.Read More
SHANGHAI, Jun 12 (SMM) –Copper: Longs were keen to take profit and left after the previous surges in copper prices. Unionised workers at BHP’s Spence copper mine in northern Chile approved a new labour contract on Monday, which pushed some speculative longs to leave the market.With a widely expected hike in interest rates and as the US dollar stabilised, copper prices are likely t...Read More
Recent headline hits below the Martha pit included 5m grading 65.3g/t gold and 100g/t silver, with the company having a current exploration target of 3.5-5 million tonnes grading between 5-7g/t gold for 500,000oz to 700,000oz of gold.Read More
Former Maersk chief finance, strategy and transformation officer Jakob Stausholm has been named as Rio's new CFO.Lynch will step down as CFO and executive director on September 3, with Stausholm to take over that same day.Rio CEO J-S Jacques said he was delighted that Stausholm was joining Rio."The experience he has gained in various senior financial and strategy roles globally will be invalu...Read More
The company announced two weeks ago it had "significantly" scaled back mining activities at its Pilar and Turmalina gold mines, due to the delayed delivery of fuel and other critical mining consumables.Jaguar said yesterday the 10-day strike had impacted gold production and it expected some shipping and logistics issues to persist over the coming weeks, as transportation normalised to clear delive...Read More
The country's mining minister Cesar Navarro Miranda announced the agreement on June 7, just days after the Washington DC-based International Centre for Settlement of Investment Dispute rejected an attempt by the South American country to annul a ruling in favour of Quiborax.Read More
Canaccord Genuity has been involved in the most mining deals in 2018.Canaccord has been an agent in 13 mining closed mining deals year-to-date with duties ranging from lead underwriter to selling agent. Second is BMO Capital Markets with 11 deals.Total number of agents that made mining deals in 2018 year to date were 99. Top 20 are graphed below.Over US$4.4B financing was closed year to date with...Read More
TOKYO, June 11 (Reuters) - Japan's Mitsubishi Materials Corp on Monday announced a top management reshuffle after the maker of metals and other products for the first time explicitly accepted responsibility over a data tampering scandal dating back to last year.In a statement, Mitsubishi Materials said its president Akira Takeuchi will step down from that role and assume the position of chairman a...Read More
SANTIAGO, June 11 (Reuters) - Unionized workers at BHP Billiton's Spence copper mine in northern Chile have approved a new labor contract, union president Ronald Salcedo said on Monday.Spence is one of the Anglo-Australian miner two mines in Chile. The other, Escondida, the world' largest copper mine, earlier this month entered into labor negotiations following a historic strike that shut down the...Read More
The US House of Representatives has approved an amendment to an energy and water act expediting the cleanup of abandoned uranium mines across the country, particularly in the so-called Arizona Strip, which contains about 40% of the country's reserves of the yellow metal.Uranium was extracted there, mostly within the vast Navajo Nation reservation - from western New Mexico into Arizona and souther...Read More
A Chinese state-owned conglomerate will become Canada's Ivanhoe Mines' (TSX:IVN) biggest shareholder after billionaire Robert Friedland's company agreed to sell a 20% stake for about $560 million (Cdn$723m).Under the deal, CITIC Metal will also make a $100 million loan facility available to the Canadian listed company, which said it would use the proceeds to advance its projects in southern Afric...Read More