Shares in Wesdome Gold Mines (TSX: WDO) shed nearly 11% of their value on Friday after the company reported production was down nearly a quarter from a year ago, while conditions at its Kiena mine in Quebec are challenging. Third-quarter output of 22,883 oz. gold was 16% less than the same quarter a year ago and 22% less for the first nine months of this year compared with the same period in 2021...Read More
Regulus Resources (TSXV: REG; OTC: RGLSF) has secured a US$5 million investment from Osisko Gold Royalties in exchange for a net smelter return (NSR) ranging from 0.125% to 1.5% on certain claims of the company's AntaKori project, as well as a right (currently held by Regulus) to buy back a 1% NSR from a third party on certain AntaKori claims.AntaKori is a copper-gold-silver project located in t...Read More
Vale (NYSE: VALE), the world's largest iron ore and nickel producer, has opened the first phase of a $945 million expansion at its Copper Cliff Complex South Mine in Sudbury, Ont.The project's initial expansion is expected to nearly double ore production at the operation, adding about 10,000 tonnes of low-carbon nickel and 13,000 tonnes of copper production per year."The materials that we're min...Read More
Sailingstone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources (TSX: TQR) said on Friday it will vote against Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) intended US$3.3 billion takeover of the Canadian miner, in a shareholder meeting on Nov. 1.The activist investor said that Rio's bid not only undervalues the target, but it also intends to take advantage of the "material g...Read More
We spoke with Garrett Ainsworth, who is President and CEO of District Metals Corp. (TSX-V: DMX, FRA: DFPP), a geoscience-based, systematic, and valuation-oriented exploration and development Company, focused on the world class mining district, of Bergslagen, Sweden. The Company's flagship is the advanced exploration stage, polymetallic Tomtebo Property that comprises 5,144 ha and is situated betwe...Read More
On Thursday, NATO's senior body on nuclear matters made it clear that any nuclear attack by Russia would provoke serious retaliation. The consequences for Russia would be unprecedented, they said, and would almost certainly draw a military response. I believe that's true, and I think Vladimir Putin does too. And that's just one of the many reasons I think we'll avoid a live nuclear war. Bu...Read More
McEwen Mining - Mexico 2021 sustainability report.Read More
As a result of the stronger production in Q3 2022, following weaker than anticipated production in H1, Kenmare expects production of finished products to be at or around the bottom of its 2022Read More
Share this article VANCOUVER - CMC Metals Ltd. [CMB-TSXV, CMCXF-OTCQB, ZM5P-Frankfurt] said Thursday it has raised $1.4 million from an over-subscribed private placement financing. Subject to TSX Venture Exchange approval, the company will issue 4.97 million flow-through units at 18 cent per share and 3.2 million non-flow- through units at 16 cents each.Net proceeds from the sale of the flow-thro...Read More
$972 million.That's how much Amazon (NASDAQ: AMZN) just ponied up to electrify its European fleet of delivery vehicles. With this single investment, Amazon will more than triple its fleet of electric delivery vans.The company says transitioning its fleet to electrified vehicles will help it reach its goal of producing net-zero carbon emissions by 2040.While that's all well and good, Amazon i...Read More
We spoke with Eric Zaunscherb, Chairman and CEO of GR Silver Mining Ltd. (TSXV|GRSL, OTCQB|GRSLF, FRANKFURT|GPE), a Canadian-based, Mexico-focused, junior mineral exploration company, engaged in cost effective silver-gold resource expansion, on its 100%-owned assets, located on the eastern edge of the Rosario Mining District, in the southeast of Sinaloa State, Mexico. GR Silver Mining controls 100...Read More
The world will need to produce 11.2 million tonnes of lithium carbonate equivalent (LCE) by 2050, or 20 times 2021 output, to meet growing demand from automakers and energy storage applications, new data from Benchmark Mineral Intelligence (BMI) shows.By that time, the bulk of demand would come from energy storage applications, accounting for about two-thirds of the battery market.In the nearer te...Read More
Electra Battery Materials (TSXV: ELBM; NASDAQ: ELBM) has begun commissioning of the black mass recycling demonstration plant at its battery materials park located north of Toronto following the successful installation of material feed handling and lime delivery systems, two key circuits in Electra's hydrometallurgical process designed to recycle end of life lithium-ion battery materials.Electra is...Read More
Lithium prices continue to hold near historic highs, even in the face of an anticipated global recession. Spot prices for both lithium carbonate and hydroxide are now hovering around US$70,000 per tonne, and prices are expected to remain high through 2024 or longer. In an early October report, Bank of America analysts forecast demand for the energy metal will grow by 20% on a compound annual ba...Read More
Canada's Marathon Gold (TSX: MOZ) has begun early site works at its proposed Valentine open-pit gold mine in central Newfoundland after satisfying pre-construction environmental assessment conditions.The project is expected to see full mobilization by early 2023, the first ore to the mill at the end of 2024, and a production ramp-up during the first fiscal quarter of 2025.Valentine is considere...Read More
Developer Marimaca Copper (TSX: MARI; US-OTC: CROJF) has released an updated resource estimate for its namesake project in the Antofagasta region of northern Chile, confirming it as one of the biggest copper discoveries of the past 10 years.The Vancouver-based company reports a 98% increase in the measured and indicated resource tonnage of the Marimaca Oxide Deposit (MOD). It entails 139.6 million...Read More
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