Worldwide gold and copper production growth will resume in all earnest following the stop-start nature of Covid-19 disruption that miners have experienced at times during the past 18 months, two new reports by Fitch Country risk and Industry Research show.For gold, Fitch expects production growth in 2021 to achieve its fastest rate in three years. Over the medium-term (2021 to 2025), global mine p...Read More
Swiss-based multinational miner Glencore (LSE: GLEN) has disclosed US$5.7 billion in taxes, royalties and other government payments in 2020.The diversified mining house says the covid-19 pandemic caused major production outages across the portfolio last year amid softer commodity prices: the result, lower payments to host nations compared with the 2019 total of US$7.7 billion.The group's effective...Read More
Azarga Uranium (TSX: AZZ; US-OTC: AZZUF) has released a preliminary economic assessment (PEA) for its 100%-owned Gas Hills in-situ recovery (ISR) uranium project in Wyoming, about 72 km east of Riverton.The PEA envisions Gas Hills producing about 1 million lb. of triuranium octoxide (U3O8) per year for a total of 6.5 million lb. of U3O8 over a seven-year mine life.Initial capital costs are expect...Read More
Alpha Lithium (TSXV: ALLI; US-OTC; ALLIF) has produced lab-scale quantities of lithium hydroxide and lithium carbonate from its 100%-owned Tolillar Salar project in Argentina, about 170 km southeast of the city of Salta."While this is limited bench scale production, it showcases our strategic goal to achieve production and our proven ability to operate at an incredible pace in Argentina," Brad Ni...Read More
Spearmint Resources (TSXV: SPMT; US-OTC: SPMTF) has intersected lithium values in all ten drill holes completed at its Clayton Valley lithium clay project, and recently completed its first resource estimate on the project, about 280 km northwest of Las Vegas and 55 km west of the town of Tonopah, in Nevada.The company announced the resource estimate on June 11, outlining indicated resources of 196...Read More
Success didn't come immediately for Vizsla Silver (TSXV: VZLA; US-OTC: VIZSF) when it began its first drill program at its Panuco silver-gold project, in Mexico's Sinaloa state, in early 2020,The junior had just signed a US$43 million option agreement for Panuco in September 2019, after listing on the TSX Venture Exchange the year before."We hadn't really hit what we were looking for," said Vizsla...Read More
Falco Resources (TSXV: FPC) and Glencore (LSE: GLEN) have signed an agreement in principle that paves the way for Falco to develop its Horne 5 project in Quebec.The agreement in principle outlines the terms that will be in a finalized operating licence and agreement (OLIA) expected in the third quarter. These include the establishment of a joint technical and strategic committee to collaborate on...Read More
Magna Gold (TSXV: MGR; US-OTC: MGLQF) has declared commercial production at its 100%-owned San Francisco gold mine in Sonora, Mexico. That puts the company on track to meet its 2021 guidance of 55,000 to 65,000 oz. gold.The mine will produce approximately 6,000 oz. gold per month in the third quarter and 7,500 oz. per month in the fourth quarter.To achieve commercial production, Magna completed pr...Read More
Vale (NYSE: VALE) is investing $150 million (US$122 million) to extend by ten years its mining activities in the Canadian province of Manitoba.The figure, the company's largest single investment made at its Thompson nickel operations, will also be allocated to continuing exploration in the area to search for new deposits that hold the promise of mining well past 2040.Dino Otranto, chief operating...Read More
We spoke with Mike Cathro, P. Geo, who is a Director and the Interim President and CEO of Happy Creek Minerals Ltd. (TSX-V: HPY). Happy Creek Minerals is advancing two new exploration discoveries, in proximity to mines and infrastructure, in south central B.C., Canada. The 100% owned, 130 square kilometer, Fox tungsten property is among the highest-grade tungsten resources in the western world. Th...Read More
The price of gold is set to record its worst month since 2016.But the pieces are still in place for a major bull run.Gold prices have shed more than 7.5% this month, dipping below $1,750 an ounce yesterday. Prices have largely been pulled down following mid-June's FOMC meeting, where board members projected raising interest rates earlier than previously forecasted.Gold - One Month Thirteen of the...Read More
It comes after the security situation at RBM continued to escalate. "The safety of our people is our top priority," Rio Tinto chief executive Minerals Sinead Kaufman said.Read More
Blaming a slight dip in the gold price doesn't quite stack upRead full newsRead More
Announce agreement in principleRead full newsRead More
Integra provides an update on its ESG programs.Read More
Sandstorm's co-founders, Nolan Watson and David Awram, discuss the recent acquisition of the Vatukoula gold stream and Vale ...Read More
The indexes were boosted by tech stocks as investors expect a robust earnings season while interest rates remain low, Reuters reported.The S&P 500 closed up 0.23% to 4,290.61 and the Nasdaq gained almost 1% to close at 14,500.51.The gold price is similar to yesterday, at US$1,776 an ounce on the spot market.Base metals were mixed in London."We have a big week ahead with important data releases...Read More
Gold has proven its value time and again. Last year, gold revived several portfolios from the economic turmoil that we went through. However, gold has not been performing well lately. Its lustre appears to be losing its value with long-term investors, as growth stocks are revived as the investment of choice for many investors right now.Accordingly, now may be the time to start considering some out...Read More
The company successfully raised A$5.2 million at 20c of up to $7 million sought.Read More
Commenting in the bank's Q3 outlook, Hansen said while some economists believe the current boom in commodity prices is cyclical - rather than structural - and that demand is now slowing as creditRead More