Outgoing chairman Simon Thompson made the announcement at Rio's London annual general meeting on Friday.The company said the project would be developed in line with its ESG standards and would maintain capital discipline."The framework agreement recently signed with the government of Guinea and our Chinese joint venture partners sets out co-development of the port and rail infrastructure, which wi...Read More
Share this article VANCOUVER - Wolfden Resources Corp. [WLF-TSXV; WLFFF-OTC] reported exploration results from its fall exploration program at its California Lake project in New Brunswick. Drilling included nine holes in some 1,368 metres across five target areas.The objective of the program was to test new drill targets and the potential to expand a couple of known silver-gold zones. This work d...Read More
How many of you are reading this article on a device like one of these?Chances are your computer/tablet/smartphone is slightly older than these - I know mine certainly are. But collectively, the power contained inside these tiny devices is greater than all the hardware that came before them combined. Progress really is a beautiful thing. Take this glorious piece of sepia-toned nostalgia, for ins...Read More
With the energy revolution ramping up at an unprecedented pace, the search is on to find and develop the next generation of critical metals deposits feeding into the approaching wall of demand.One company making such progress is York Harbour Metals (TSXV: YORK; US-OTCPK: YORKF), which has completed more than 10,000 metres of diamond drilling at its namesake copper-zinc project in western Newfoundl...Read More
Resource-rich Western Australia has been picked the most attractive region for mining investment in 2021, replacing the U.S. state of Nevada, which fell to the third place in the latest annual survey of mining companies released by the Fraser Institute.Canada's Saskatchewan continues to be on the podium, climbing from a third place overall in 2020 to a second position in the 2021 index, which take...Read More
Sigma Lithium (NASDAQ: SGML, TSXV: SGML) has released an updated Phase 1 feasibility study for its wholly-owned Grota do Cirilo project in Minas Gerais, Brazil, host to the the largest lithium hard rock deposit in the Americas.The Phase 1 study reveals an after-tax net present value of US$1.6 billion, potentially increasing to US$1.9 billion, with an internal rate of return of 424%. The study assu...Read More
The Dow Jones Industrial Average fell 200.76 points or 0.57% to 34,721.12 and the S&P 500 fell 94.36 points or 2.1% over the week to 4,488.28. Shares of Gatos Silver rose 6.3% to US$4.72 as the company released "record silver production" figures from its 70%-owned Cerro Los Gatos mine in Mexico for the first quarter of 2022. Gatos also announced the appointment of Dale Andres, the company's curr...Read More
Over the Apr. 4-8 trading period, the S&P/TSX Composite Index fell 211.25 points or 0.96% to 21,874.35. The S&P/TSX Global Mining Index increased 0.6 points or 0.46% to 129.58 and the S&P/TSX Global Base Metals Index fell 9.25 points or 4.1% to 221.74. The S&P/TSX Global Gold Index rose 8.03 points or 2.2% to 363.36 and spot gold ended the week US$11.1 per oz. higher, or 0.57%, at US$1,941.40 per...Read More
The S&P/TSX Venture Composite Index advanced 22.21 points or 2.6% over the Apr. 4-8 trading session to end at 888.21. The week's most actively traded stock was Pure Gold Mining, which declined 12 ? or 31.9% to end at 25 ?, with 24.9 million shares changing hands. In late March, the junior reported that it would need to raise $50 million within the next six months to continue operating its PureGol...Read More
During a recent press conference, Mexican president Andr?(C)s Manuel L??pez Obrador warned that if Congress does not approve a constitutional reform on electrical matters, following a decision by the Supreme Court of Justice that granted constitutional validity to the new Law on Electrical Power, he will push for a rewrite of the country's Mining Law."In the event that the MPs that represent veste...Read More
Dear Outsider,Elon Musk's made some bold predictions over the years, most of which haven't come true.He's made a name for himself as the boy who cried wolf.In 2017, he launched Neuralink, a company that creates brain implants to help repair and reverse severe brain and spinal cord injuries. Musk predicted the brain microchips would be widely available by 2021. But the company's not even close to m...Read More
To the Editor: Modern open pit gold mining of low grade ore is one of the most polluting mining activities there is. Recent studies have documented that more than 70 to 90% of major gold mines that are near underground or surface water cause contamination of that water. Many open pit gold mines excavate 8 [...]Read full newsRead More
Environmental groups are renewing efforts to stop exploratory drilling by a Canadian mining company hoping to build a gold mine in Idaho west of Yellowstone National Park.Read full newsRead More
WHITEHORSE, Yukon, April 07, 2022 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX) ("Victoria" or the "Company") produced 24,358 ounces of gold during the first quarter of 2022. Mr. John McConnell, President and CEO commented, "During the first quarter, we successfully completed a six-week winter maintenance program and resumed stacking ore on the heap leach pad. As we head into spring, stacking...Read More
Pure Gold Mining Inc. (LON:PUR - Get Rating)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 45.30 ($0.59) and traded as low as GBX 20 ($0.26). Pure Gold Mining shares last traded at GBX 20.75 ($0.27), with a volume of 784,791 [...]Read full newsRead More
Harmony Gold Mining Company Limited (NYSE:HMY - Get Rating)'s share price traded up 1.5% on Wednesday . The company traded as high as $4.74 and last traded at $4.74. 52,859 shares were traded during trading, a decline of 99% from the average session volume of 8,999,868 shares. The stock had previously closed at $4.67. A [...]Read full newsRead More
Meridian Mining UK S (TSX: MNO), (Frankfurt/Tradegate: 2MM) (OTCQB: MRRDF), (Read full newsRead More
Refusal by charity to accept Anglo donation underscores the industry's image problem. But it's doubtful anyone who wants to halt all mining tomorrow also aspires to live in a cave.Read full newsRead More
To the Editor: Modern open pit gold mining of low grade ore is one of the most polluting mining activities there is. Recent studies have documented that more than 70 to 90% of major gold mines that are near underground or surface water cause contamination of that water. Many open pit gold mines excavate 8 [...]Read full newsRead More
Environmental groups are renewing efforts to stop exploratory drilling by a Canadian mining company hoping to build a gold mine in Idaho west of Yellowstone National Park.Read full newsRead More