Share this articleTORONTO - HudBay Minerals Inc. [HBM-TSX, NYSE] has released an initial resource estimate for its Liaguen copper deposit, which is located in the Otuzco province in La Libertad region of Peru."We have a rich pipeline of organic copper growth projects at Hudbay and our Liaguen property adds another exciting opportunity to this pipeline,'' said Hudby President and CEO Peter Kukiel...Read More
I know this is not a popular opinion, but I'm going to say it anyway...President Biden needs to stop vilifying the oil companies for making record profits.He said that it was unacceptable, calling those profits "a windfall of war."According to Reuters:"I think it's outrageous," [Biden] said. If they passed those profits on to consumers, gasoline prices would be down about $0.50.The oil industry "h...Read More
Canada's number-one gold producer Barrick Gold (TSX: ABX; NYSE: GOLD) has reported a sharp drop in third-quarter earnings as lower production and higher costs weighed on its September-quarter financial results.The Toronto-headquartered major reported headline earnings of US$224 million in the September quarter, compared with $419 million in the previous and corresponding quarters. Adjusted net ear...Read More
Lithium Americas (TSX: LAC; NYSE: LAC) plans to separate its North American and Argentine businesses into two independent public companies by the end of the year, it said on Thursday.The new Lithium Americas company will own the Thacker Pass lithium project in Nevada and investments in Green Technology Metals (ASX: GT1) and Ascend Elements, according to a company statement. Lithium Americas' presi...Read More
AbraSilver Resource (TSXV: ABRA) has updated a September 2021 resource estimate for its Diablillos project in Argentina's Salta province, significantly expanding the high-grade Tesoro zone, which is the highest-grade area in the Oculto deposit.The company says it expects to complete a pre-feasibility study on the project in the first half of 2023.The project, about 160 km southwest of the city of...Read More
Secretariat won the Triple Crown that year, NASA launched Skylab and Watergate intensified.It was 1973, the same year Esso Minerals and Cuvier Mines began developing the Gays River underground zinc and lead project in Nova Scotia, 60 km northeast of Halifax.The Gays River mill began processing 900 tonnes per day in 1979 before underground flooding hampered mining for the joint venture and subseque...Read More
Nevada Copper (TSX: NCU; US-OTC: NEVDF) has provided an update on operational activities at its Pumpkin Hollow underground copper mine located near Yerington in Nevada's Lyon County. The company recently closed a US$123 million financing package to support the mine's restart and ramp-up, which is underway.An optimized life-of-mine plan that focuses on accessing the larger, higher-grade stopes of t...Read More
Astra Exploration (TSXV: ASTR; US-OTC: ATEPF), which owns 80% of the Pampa Paciencia project in northern Chile, has signed an agreement to acquire the remaining 20% of the project from joint-venture partner Sociedad Quimica y Minera de Chile (NYSE: SQM).The 3,840-hectare gold-silver project is less than 15 km from two producing mines - the Sierra Gorda open-pit copper mine owned by South32 (LSE: S...Read More
Trillion Energy has successfully commenced production with its multi-well drilling program on the SASB natural gas field in the ...Read More
Joining SmallCapSteve today is Keith Neumeyer, President & CEO of First Majestic Silver Corp (TSX: FR). Keith sits down to chat ...Read More
Share this article VANCOUVER - Osisko Development Corp. [ODV-TSXV] says that as of September 30, 2022, the company produced 19,874 ounces of gold from three projects, located in the U.S., Canada and Mexico.That amount includes 7,163 ounces from the Bonanza Ledge Test mine at the company's flagship Cariboo Gold project in British Columbia, material was extracted from 53,352 tonnes of ore, grading...Read More
OK, "superweapon" might be a bit of an exaggeration, but if you'd asked the Soviets at the time, they'd claim all of that and more. This beauty is the 1??17 ???????,?,?u, which translates to "Compression." Despite its futuristic appearance, this highly experimental laser-tank was the brainchild of Soviet engineers back in the 1970s. Unlike other more supervillain-esque lasers of the time,...Read More
The federal government has been getting tough with some Chinese companies, forcing some foreign owners of Canadian critical mineral projects to divest their holdings in the name of national security. On a Wednesday list of forced divestitures were Sinomine Rare Metals Resources's holdings in Vancouver-based Power Metals (CVE: PWM); Chengze Lithium International's investment in Calgary-based Lithi...Read More
Canada's top potash producer Nutrien (TSX: NTR) has guided for lower full-year headline profit as September-quarter sales volumes and prices slid lower than expected.The Saskatoon, Saskatchewan-based crop nutrient producer, distributor and retailer now guides for adjusted earnings per share of US$13.25 to US$14.50, below average analyst forecasts calling for US$14.45, and down from its prior Aug....Read More
Arizona Sonoran Copper's (TSX: ASCU) ongoing 32,000-metre infill drill program at its Parks-Salyer (P/S) porphyry copper deposit has delivered an intercept of 217.7 metres grading 1.01% copper.The robust intersection comes from an additional three drill holes drilled at P/S, following the initial Inferred resource in September of 143.6 million tonnes grading 1% copper for 2.92 million lb. of conta...Read More
The latest assay results from New Found Gold (TSX-V: NFG; NYSE-A: NFGC) show near-surface, high-grade mineralization at its Lotto zone in northeast Newfoundland.The drilling shows that Lotto North is in fact a new, shallow and brittle fault zone north of Lotto proper, which hosts high-grade, epizonal-style gold mineralization in a north-south striking open-ended structure.Highlights from recent dr...Read More
Critical Elements Lithium (TSXV: CRE; US-OTC: CRECF) has received a certificate of authorization (CA) under Quebec's Environment Quality Act for its Rose lithium-tantalum project located in the province's James Bay region. The CA was issued by the Quebec Minister of the Environment, the Fight against Climate Change, Wildlife and Parcs.The CA is an important milestone that would allow Critical Elem...Read More
Maverix Metals (TSX: MMX; NYSE-AM: MMX) says it's on track to meet its revised 2022 guidance of 28,000 to 31,000 attributable gold-equivalent ounces and unveiled a new royalty deal on the Sleeping Giant mine in Quebec's Abitibi region.The company acquired a 2% net smelter return royalty (NSR) on all metallic and non-metallic minerals recovered from the Geant Dormant and Dormex claims of the Sleepi...Read More
The Kimberley Process (KP), an international scheme that certifies rough diamond exports, is expected to decide this week whether Russian diamonds should be declared conflict gems.Members of the KP are meeting in Gaborone, Botswana, until Friday and one of the main topics in the agenda is to discuss whether Russian diamonds are funding the war in Ukraine.The debate would be around whether to broa...Read More
Vale (NYSE: VALE) has signed three memorandums of understanding (MOUs) to jointly study the feasibility of developing industrial complexes or 'mega hubs' in the Kingdom of Saudi Arabia, the United Arab Emirates, and the Sultanate of Oman.The hubs will produce hot briquetted iron (HBI) and steel products, Vale says, noting that "the production of HBI using natural gas emits around 60% less CO2 [car...Read More