Pan American Silver (TSX: PAAS; NASDAQ: PAAS) has lowered its silver and gold production targets for the second time this year as costs related to ventilation upgrades at its La Colorada mine in Mexico and labour shortages weighed on profits in the September quarter.The company came out with quarterly earnings of $0.18 per share, missing investors estimates of $0.35 per share. This compares to ear...Read More
Canada's efforts to help developing nations transition away from coal won't pay off unless the countries create policies that encourage its industries to make that shift, researchers said.At the recent United Nations COP26 in Glasgow, Canada said it would phase out its thermal coal exports by 2030 and pay $1 billion to developing nations that depend on coal for nearly half of their electricity con...Read More
The global mining industry may need to nearly double its annual capital expenditure (capex) if the world is to cut its climate-changing carbon pollution to net zero by 2050, according to a new study released by BofA Global Research, a unit of the Bank of America.To meet the demand and prevent bottlenecks to net zero, the global mining sector needs to spend an additional US$72 billion annually till...Read More
Greenland's parliament has passed a bill to ban uranium mining and exploration in the Danish territory, effectively blocking the development of the vast Kvanefjeld rare earths project, one of the world's biggest.The project was being developed by Australia's Greenland Minerals (ASX: GGG). It was granted preliminary approval in 2020 and was on track to gain the previous government's final endorseme...Read More
We spoke with Alan Pangbourne, who is CEO and Director of Chesapeake Gold Corp. (TSXV: CKG, OTCQX: CHPGF), the mineral exploration company, focused on the development of its flagship Metates gold-silver-zinc project, located in Durango State, Mexico. Metates hosts over 18 million ounces of gold and 500 million ounces of silver and is in the top five undeveloped deposits in the world. We learned fr...Read More
Well, 2021 was a roller-coaster year for gold.The price of gold kicked off 2021 with a strong start, trading over $1,950 an ounce. But it was a fast downhill slide from there.In the first quarter gold prices shed almost 10%, dipping below $1,700. It was the worst first quarter for gold since 2016. And one of the worst of all time.Then in the second quarter, gold rallied, reaching over $1,900/ounce...Read More
American Eagle Gold Corp. is pleased to announce that its drillRead full newsRead More
"We believe that it is now time for our project to proceed to the construction and production phases with Zijin, a leader with a track record...Read full newsRead More
S&P releases average consensus forecasts from 38 different brokers each month. The biggest cut to expectations was for uranium. As of October 29, forecast uranium prices for 2022 were down 7.Read More
"Supporting Northwestern Ontario's entrepreneurs, business owners and non-profit organizations has never been more important," said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry. "Business growth is key to healthy regional economies and communities. With this funding, our government continues to strengthen economic diversification and job creation across th...Read More
"Our government remains committed to working with Far North First Nations to support legacy infrastructure and responsible natural resource development that creates prosperity for First Nation communities," said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry, and Minister of Indigenous Affairs. "Now-after years of consultation- we are proposing to enhance pr...Read More
"Our investments in the North's agri-food sector strengthen communities and provide farmers and food producers like Crofter's Food with the infrastructure they need to succeed and expand their operations," said Norm Miller, MPP for Parry Sound-Muskoka. "The continued success of Crofter's Food equals jobs, economic growth, and opportunities for the people of the Parry Sound area."Crofter's Food, a...Read More
Share this article VANCOUVER - Mountain Province Diamonds Inc. [MPVD-TSX, NYSE] on Tuesday said mining industry veteran Mark Wall has been named President and CEO of the company, effective on November 15, 2021.He replaces Stuart Brown, who stepped down from the position last month.Most recently, Wall was CEO of Streamers Gold Mining, a subsidiary of Shandong Gold Mining, which was set to acquire...Read More
Share this article VANCOUVER - P2 Gold Inc. [PGLD-TSXV; CTIMF-OTC] reported results from the first 12 reverse circulation (RC) drill holes (GBR-001 to 012) of Phase 1 drilling at its Gabbs project located on the Walker-Lane trend in Nevada.Joe Ovsenek, president and CEO, said, "As anticipated, the first 12 reverse circulation drill holes support our thesis that the historical drilling understated...Read More
Entrepreneur, engineer, and professional troll Elon Musk is at it again.He put out a tweet over the weekend asking if he should sell 10% of his Tesla stock so he could pay taxes. He has pledged to do whatever Twitter fools decide. Here's the tweet:In a later tweet, Elon agreed to abide by the results.Unrealized GainsPeople get taxed on all sorts of things. Income and capital gains are just the big...Read More
This week's episode features Cameco's Q3 conference call with president and CEO Tim Gitzel, who describes the fundamentals of uranium as the "best conditions ever." He also discusses how nuclear energy is essential to reducing greenhouse gases and achieving 'net zero' carbon emissions, as well as the latest developments in the company's multi-year dispute with the Canada Revenue Agency.All this an...Read More
Uranium Energy (NYSE-AM: UEC) has entered into a definitive agreement to acquire all of the outstanding shares of Uranium One Americas Inc. (U1A) for a total purchase price of US$112 million, comprising cash and the replacement of US$19 million in reclamation bonding.U1A is a subsidiary of Uranium One Inc., which is part of Russia's state atomic energy company Rosatom and the world's fourth-larg...Read More
U.S.-focused i-80 Gold (TSX: IAU; US-OTC: IAUCF) says the results of a preliminary economic assessment (PEA) for its Granite Creek asset in Nevada confirm the project offers "substantial economic opportunity." The company, which spun off from Premier Gold Mines as part of the company's acquisition by Equinox Gold (TSX: EQX; NYSE: EQX) , began underground test mining at Granite Creek in Sept...Read More
Asante Gold (TSXV: ASE), a pure gold exploration and development company, has updated its timeline to restart its newly added, past-producing Bibiani gold mine in Ghana.The Vancouver-based company, which completed the acquisition of Bibiani from Australia's Resolute Mining (ASX: RSG; LSE: RSG) in mid-August, expects to begin production at the asset in the third quarter of 2022.Mining contractor...Read More
Australia's Newcrest Mining (TSX: NCM; ASX: NCM) has entered into an agreement to acquire all of the outstanding common shares of Canada's Pretium Resources (TSX: PVG, NYSE: PVG) it does not already own in a deal that values the Canadian miner at $3.5 billion.Pretium is the owner of the Brucejack underground gold mine in the highly prospective Golden Triangle region of northwestern British Columbi...Read More