From our employees all around the world, we wish you and your loved ones a joyful holiday season and a happy new year.Read More
Share this article VANCOUVER - Scottie Resources Corp. [SCOT-TSXV; SCTSF-OTCQB; SR8-FSE] reported new assays on its C and D zone targets, which occur as mineralized cross-structures adjacent to the Blueberry Contact Zone.The C and D Zones are part of the Scottie Gold Mine Project which also includes the historic Scottie Gold Mine and the rapidly advancing Blueberry Contact Zone. The Scottie Gold...Read More
If you aren't making money these days, you're doing it wrong. It's time to get away from the herd and buy stocks that go up.About nine months ago, I told my Bull and Bust Report readers to sell all of their index funds as those would take the biggest hit.The Vanguard S&P 500 Fund (NYSEARCA: VOO), which has $747 billion in assets, dropped from $425 to $319 before bouncing back to $36...Read More
This week's podcast features Agnico Eagle Mines executive chair Sean Boyd in an interview with Northern Miner Group president Anthony Vaccaro at the Canadian Mining Symposium in London, England. Sean explains the philosophy behind Agnico's 'slow and steady' strategy, despite recent acquisitions, as well as the ongoing benefits of maintaining the trust of employees, and how the company has managed...Read More
Kodiak Copper (TSXV: KDK; US-OTC: KDKCF) has made new high-grade gold-silver discovery from trenching at its 100% owned MPD copper-gold porphyry project in southern British Columbia. The discovery was made on surface within the Beyer Zone, where the company previously reported a surface sample that assayed 14.15 grams gold per tonne and 9.4 grams silver.Trench sampling has now expanded this new su...Read More
Probe Metals (TSXV: PRB) and Midland Exploration (TSXV: MD) have announced a new copper-gold-silver-molybdenum discovery at the La Peltrie project in Quebec's Detour Lake region, with hole LAP-22-012 drilling 345 metres of 0.2% copper equivalent from near surface.The wide zone is open laterally and at depth at La Peltrie, which Probe holds in a joint venture with Midland.Shorter highlight interva...Read More
Eldorado Gold (TSX: ELD; Nasdaq: ELD) has reported a 7% year-on-year drop in the reserve base underpinning its four operating mines in Turkey, Greece and Canada to 7.4 million oz. gold, following a 6% drop last year, the company announced after market close on Monday.Eldorado reported fewer reserves at each of its operating mines, with a 9% dip in grade at the Lamaque mine in Quebec to 6.6 grams g...Read More
Diversified miner Teck Resources (TSX: TECK.B, TECLK.A) temporarily closed the Highland Valley copper mine's Valley pit on Monday.Teck said in a brief news release the closure was a proactive measure in response to a geotechnical instability within the pit.Teck said the Valley Pit would reopen after remediation, and the area was confirmed safe.The company said there is no risk to worker safety, no...Read More
K92 Mining (TSX: KNT; US-OTC: KNTNF) announced on Tuesday two major developments for its Kainantu gold-copper-silver mine in Papua New Guinea, the first being an extension of the mine lease by 10 years to June 2034, followed by the board's approval for the mine's Stage 3 and 4 expansions.The staged expansions would increase Kainantu's annual processing throughput to 1.2 million tonnes per year and...Read More
Argonaut Gold (TSX: AR) has inked a deal with Heliostar Metals (TSXV: HSTR) to sell its Ana Paula gold project in Guerrero state, Mexico for US$30 million in cash and shares. The announcement comes 20 months after a planned sale of the asset to AP Mining fell through in April 2021.Under the agreement, Heliostar will pay US$10 million upfront; US$5 million in shares upon renewing the open-pit minin...Read More
Two years ago, in this column, I reminded readers of The Northern Miner that the mining industry has a patron saint, Barbara, whose feast day (Dec. 4) is observed by miners and tunnellers around the world, especially in continental Europe.You might recall that Saint Barbara was an early Christian martyr, with accounts placing her in third century Nicomedia (in present-day Turkey) or in Heliopolis...Read More
This piece of breaking news forced me to do a double-take. One of the top engineers on Earth is claiming that lithium batteries have reached their final power limit. A few stubborn laws of physics are standing in the way of the perfect battery. I'll admit that at first, I was doubtful. The "next great battery chemistry" is announced at least once a week, yet it never pans out. Why should this be...Read More
Don't be fooled by the recent surge of optimism from European news outlets. Even with EU gas stockpiles more or less full, the next year will be defined by energy rationing and even blackouts. European leaders have been forced to rack up a 700 billion-euro energy tab securing spot gas supplies - and it's not just consumers bearing the brunt of high pricing. Entire industries could be forced to...Read More
Lake Resources (ASX: LKE) shares fell nearly 3% after short seller J Capital Research released a new report questioning the purported success of the lithium junior's direct lithium extraction (DLE) technology.According to J Capital analysts, the DLE technology the company is looking to use could be "dramatically" underperforming expectations. This technology is critical to making the lithium devel...Read More
Our TNM Drill Down feature highlights the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence.This week's top three drill assays come from North America. HighGold Mining's (TSXV: HIGH) Johnson Tract project in Alaska delivered the top intercept. Hole JT22-152 cut 120.5 metres grading 18.76 grams gold per tonne from...Read More
Drilling by Fortuna Silver Mines (TSX: FVI; NYSE: FSM) at its S?(C)gu?(C)la gold project in C??te d'Ivoire continues to reveal more exploration upside, with the company announcing on Monday an updated resource for the Sunbird deposit as well as the discovery of two regional prospects.Following the release of an initial resource for Sunbird earlier this year, exploration drilling has since resulted...Read More
Calgary-based Lithium Chile (CVE: LITH) has announced an updated resource for its Salar de Arizaro asset in Argentina that has increased overall lithium carbonate equivalent (LCE) tonnage by 81%.With the addition of a second production well at the project, total indicated resources are now 1.3 million tonnes of LCE at a grade of 284 mg per litre. Inferred resources add 1.2 million tonnes at a grad...Read More
The Dow Jones Industrial Average fell 404.67 points, or 1.2%, to 33,942.36, and the S&P 500 lost 30.31 points or 0.8%, over the week to 3,995.81.Leading value gainer for the week was Consol Energy, which closed US$6.73 higher at US$75.30. Despite coming down from recent highs, the stock is still rallying over 229% over the 12-month frame as its main product, thermal coal, achieved and remained in...Read More
The S&P/TSX Venture Composite Index ended the Nov. 29-Dec. 2 trading session at 599.20 points, up 23.56 points or 4.1% higher.?EUR? Topping the percentage gainers this week was Queensland Gold, which saw a dramatic 288% or 36 ? rise in its shares to 49 ? each. On Nov. 28, the explorer announced an agreement to acquire a 100% interest in the 86-sq.-km Mia lithium property in the James Bay area of...Read More
The markets this week saw the TSX rally to its highest closing level in nearly six months on Dec. 1, buoyed by news that U.S. Federal Reserve Chair Jerome Powell?EUR?could seek smaller interest rate hikes at the Fed's next meeting on Dec. 13-14. The rally faced resistance by week's end as high interest rates continue to worry market participants. The Bank of Canada is expected to raise interest ra...Read More